Astronics (OTCMKTS:ATROB) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Astronics (OTCMKTS:ATROB) announced its quarterly earnings results on Tuesday. The aerospace company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.56 by $0.03, Zacks reports. The firm had revenue of $230.62 million for the quarter, compared to analyst estimates of $225.52 million. Astronics had a return on equity of 39.95% and a net margin of 3.41%.

Astronics Stock Performance

Shares of Astronics stock opened at $72.20 on Wednesday. The firm has a market cap of $2.58 billion, a P/E ratio of 93.77 and a beta of 1.04. The company has a current ratio of 3.10, a quick ratio of 1.71 and a debt-to-equity ratio of 2.39. Astronics has a 12 month low of $27.48 and a 12 month high of $83.00. The stock’s fifty day moving average price is $70.00 and its 200-day moving average price is $64.35.

Astronics Company Profile

Astronics Corporation is a global provider of advanced technology solutions to the aerospace, defense and other high-reliability industries. Headquartered in East Aurora, New York, the company was founded in 1968 and has grown through both organic innovation and targeted acquisitions. Astronics delivers mission-critical products that enhance aircraft safety, passenger comfort and operational efficiency for major airframers, airlines and defense contractors worldwide.

The company’s product portfolio spans several key areas, including electrical power generation and management systems, LED cabin lighting and safety systems, connectivity and data solutions, and automated test equipment.