Media coverage about Astronics Corporation (NASDAQ:ATRO) has been trending positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Astronics Corporation earned a news sentiment score of 0.28 on Accern’s scale. Accern also assigned news coverage about the aerospace company an impact score of 45.1163691650931 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern’s rankings:
Shares of Astronics Corporation (ATRO) opened at 34.63 on Friday. The company has a market capitalization of $993.92 million, a PE ratio of 25.13 and a beta of 1.17. The company’s 50-day moving average is $30.24 and its 200-day moving average is $29.79. Astronics Corporation has a one year low of $23.95 and a one year high of $41.03.
Astronics Corporation (NASDAQ:ATRO) last issued its quarterly earnings data on Wednesday, August 2nd. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The business had revenue of $151.11 million during the quarter, compared to the consensus estimate of $162.33 million. Astronics Corporation had a net margin of 6.73% and a return on equity of 12.12%. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 EPS. Equities analysts predict that Astronics Corporation will post $1.41 earnings per share for the current year.
Several research analysts have commented on ATRO shares. Zacks Investment Research cut shares of Astronics Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, August 4th. BidaskClub cut shares of Astronics Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Canaccord Genuity reiterated a “buy” rating and issued a $36.00 price objective on shares of Astronics Corporation in a report on Thursday, October 5th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $30.00 price objective on shares of Astronics Corporation in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $33.33.
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Astronics Corporation Company Profile
Astronics Corporation is a supplier of products to the aerospace, defense, electronics and semiconductor industries. The Company’s products and services include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems.
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