Reports Strong First-Quarter Financial Results Astronics (NASDAQ:ATRO)

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Earnings results for Astronics (NASDAQ:ATRO)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at -0.31 and remained the same over the past month at -0.31. Of the 1 analysts making quarterly forecasts, none raised and 0 lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at -0.78 and decreased over the past month from -0.73 to -0.78(6.85%). Of the 1 analysts making yearly forecasts, none raised and 1 lowered their forecast.

Astronics last issued its earnings results on May 6th, 2020. The aerospace company reported ($2.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by $2.10. The business had revenue of $157.58 million for the quarter, compared to analysts’ expectations of $129.52 million. Astronics has generated $0.91 earnings per share over the last year. Astronics has confirmed that its next quarterly earnings report will be published on Friday, July 31st, 2020. Astronics will be holding an earnings conference call on Friday, July 31st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Analyst Opinion on Astronics (NASDAQ:ATRO)

3 Wall Street analysts have issued ratings and price targets for Astronics in the last 12 months. Their average twelve-month price target is $18.00, suggesting that the stock has a possible upside of 104.31%. The high price target for ATRO is $38.00 and the low price target for ATRO is $6.00. There are currently 1 sell rating and 2 hold ratings for the stock, resulting in a consensus rating of “Hold.”

Astronics has received a consensus rating of Hold. The company’s average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $18.00, Astronics has a potential upside of 104.3% from its current price of $8.81. Astronics has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Astronics (NASDAQ:ATRO)

Astronics does not currently pay a dividend. Astronics does not have a long track record of dividend growth.

Insiders buying/selling: Astronics (NASDAQ:ATRO)

In the past three months, Astronics insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $35,998.00 in company stock and sold $0.00 in company stock. Only 14.81% of the stock of Astronics is held by insiders. 67.13% of the stock of Astronics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Astronics (NASDAQ:ATRO

Earnings for Astronics are expected to grow in the coming year, from ($0.78) to ($0.10) per share. The P/E ratio of Astronics is -2.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Astronics is -2.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Astronics has a P/B Ratio of 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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