Astronics Co. (NASDAQ:ATRO) – Equities researchers at SunTrust Banks dropped their Q3 2018 earnings per share (EPS) estimates for shares of Astronics in a report released on Wednesday, October 17th. SunTrust Banks analyst M. Ciarmoli now expects that the aerospace company will post earnings per share of $0.46 for the quarter, down from their prior forecast of $0.56. SunTrust Banks also issued estimates for Astronics’ Q4 2018 earnings at $0.43 EPS and FY2018 earnings at $1.51 EPS.

Astronics (NASDAQ:ATRO) last released its earnings results on Friday, August 3rd. The aerospace company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. Astronics had a net margin of 2.50% and a return on equity of 10.28%. The business had revenue of $208.60 million for the quarter, compared to the consensus estimate of $195.91 million. During the same period in the previous year, the firm earned $0.26 EPS. The business’s revenue for the quarter was up 38.1% on a year-over-year basis.

A number of other analysts also recently commented on ATRO. BidaskClub downgraded shares of Astronics from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. ValuEngine upgraded shares of Astronics from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Zacks Investment Research upgraded shares of Astronics from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Canaccord Genuity restated a “hold” rating and set a $41.00 price target on shares of Astronics in a report on Friday, August 3rd. Finally, TheStreet upgraded shares of Astronics from a “c+” rating to a “b-” rating in a report on Tuesday, October 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $42.25.

NASDAQ ATRO opened at $32.89 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.68 and a current ratio of 3.05. Astronics has a 12 month low of $31.78 and a 12 month high of $49.45. The company has a market capitalization of $952.59 million, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 2.28 and a beta of 1.92.

In other news, insider James S. Kramer sold 11,800 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $46.02, for a total transaction of $543,036.00. Following the sale, the insider now owns 42,003 shares in the company, valued at $1,932,978.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Peter J. Gundermann sold 47,322 shares of the business’s stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $45.00, for a total transaction of $2,129,490.00. Following the sale, the chief executive officer now owns 54,743 shares in the company, valued at approximately $2,463,435. The disclosure for this sale can be found here. 16.57% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its position in Astronics by 6.2% during the second quarter. BlackRock Inc. now owns 2,616,726 shares of the aerospace company’s stock valued at $94,122,000 after purchasing an additional 153,154 shares in the last quarter. Royal Bank of Canada grew its position in Astronics by 1.7% during the first quarter. Royal Bank of Canada now owns 1,223,053 shares of the aerospace company’s stock valued at $45,620,000 after purchasing an additional 20,800 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Astronics by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 804,046 shares of the aerospace company’s stock valued at $29,991,000 after purchasing an additional 4,151 shares in the last quarter. Paradice Investment Management LLC grew its position in Astronics by 7.8% during the second quarter. Paradice Investment Management LLC now owns 638,225 shares of the aerospace company’s stock valued at $22,957,000 after purchasing an additional 46,233 shares in the last quarter. Finally, Northern Trust Corp grew its position in Astronics by 2.9% during the second quarter. Northern Trust Corp now owns 319,284 shares of the aerospace company’s stock valued at $11,484,000 after purchasing an additional 9,068 shares in the last quarter. 71.12% of the stock is currently owned by hedge funds and other institutional investors.

Astronics Company Profile

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, electronics, and semiconductor industries worldwide. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems; electrical power generation, distribution, and motions systems; aircraft structures; avionics products; system certification; and connectivity and other products.

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Earnings History and Estimates for Astronics (NASDAQ:ATRO)

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