Q3 2017 Earnings Estimate for Astronics Corporation Issued By SunTrust Banks (ATRO)

Astronics Corporation (NASDAQ:ATRO) – Analysts at SunTrust Banks lowered their Q3 2017 earnings estimates for Astronics Corporation in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst M. Ciarmoli now expects that the aerospace company will earn $0.35 per share for the quarter, down from their previous forecast of $0.37. SunTrust Banks has a “Hold” rating and a $30.00 price objective on the stock. SunTrust Banks also issued estimates for Astronics Corporation’s FY2017 earnings at $1.47 EPS and FY2018 earnings at $1.84 EPS.

Astronics Corporation (NASDAQ:ATRO) last posted its quarterly earnings data on Wednesday, August 2nd. The aerospace company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). Astronics Corporation had a return on equity of 12.12% and a net margin of 6.73%. The company had revenue of $151.11 million for the quarter, compared to analyst estimates of $162.33 million. During the same period in the previous year, the business posted $0.50 earnings per share. The firm’s revenue was down 8.1% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: “Q3 2017 Earnings Estimate for Astronics Corporation Issued By SunTrust Banks (ATRO)” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2017/10/29/q3-2017-earnings-estimate-for-astronics-corporation-issued-by-suntrust-banks-atro.html.

Several other equities analysts have also commented on ATRO. Zacks Investment Research raised Astronics Corporation from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Tuesday, July 4th. BidaskClub lowered Astronics Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Canaccord Genuity lowered their target price on Astronics Corporation from $40.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $33.33.

Shares of Astronics Corporation (NASDAQ:ATRO) opened at 33.15 on Thursday. The firm’s 50-day moving average price is $29.46 and its 200-day moving average price is $29.72. Astronics Corporation has a 52-week low of $23.95 and a 52-week high of $41.03. The firm has a market capitalization of $951.44 million, a PE ratio of 24.06 and a beta of 1.17.

Several large investors have recently bought and sold shares of the company. Creative Planning grew its holdings in shares of Astronics Corporation by 0.9% during the second quarter. Creative Planning now owns 10,900 shares of the aerospace company’s stock valued at $332,000 after purchasing an additional 100 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Astronics Corporation by 11.0% during the first quarter. BNP Paribas Arbitrage SA now owns 4,745 shares of the aerospace company’s stock valued at $151,000 after purchasing an additional 472 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Astronics Corporation by 12.0% during the first quarter. Legal & General Group Plc now owns 5,084 shares of the aerospace company’s stock valued at $161,000 after purchasing an additional 543 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Astronics Corporation by 2.0% during the first quarter. Teachers Advisors LLC now owns 37,532 shares of the aerospace company’s stock valued at $1,191,000 after purchasing an additional 732 shares during the last quarter. Finally, American International Group Inc. grew its holdings in shares of Astronics Corporation by 7.1% during the first quarter. American International Group Inc. now owns 11,895 shares of the aerospace company’s stock valued at $377,000 after purchasing an additional 790 shares during the last quarter. 65.59% of the stock is owned by institutional investors.

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.

Earnings History and Estimates for Astronics Corporation (NASDAQ:ATRO)

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