News headlines about Astronics (NASDAQ:ATRO) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Astronics earned a news impact score of 0.09 on Accern’s scale. Accern also gave media stories about the aerospace company an impact score of 45.2974790287156 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Astronics (NASDAQ ATRO) traded up $6.38 during trading on Friday, reaching $47.35. The company had a trading volume of 566,056 shares, compared to its average volume of 116,868. Astronics has a twelve month low of $23.95 and a twelve month high of $48.50. The company has a market cap of $1,325.85, a price-to-earnings ratio of 40.13, a price-to-earnings-growth ratio of 2.30 and a beta of 1.10. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.07 and a quick ratio of 1.57.
Astronics (NASDAQ:ATRO) last issued its earnings results on Tuesday, November 7th. The aerospace company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.14). Astronics had a net margin of 5.80% and a return on equity of 10.29%. The firm had revenue of $149.64 million during the quarter, compared to the consensus estimate of $154.90 million. During the same period in the previous year, the firm earned $0.41 earnings per share. The business’s quarterly revenue was down 3.5% on a year-over-year basis. sell-side analysts predict that Astronics will post 1.29 earnings per share for the current fiscal year.
Astronics declared that its board has initiated a share repurchase plan on Monday, December 18th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.
Several research analysts recently issued reports on the company. Zacks Investment Research raised Astronics from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Tuesday, January 2nd. SunTrust Banks reissued a “hold” rating and issued a $30.00 price objective on shares of Astronics in a research report on Thursday, October 12th. Canaccord Genuity reissued a “buy” rating and issued a $36.00 price objective on shares of Astronics in a research report on Thursday, October 5th. Dougherty & Co lifted their price objective on Astronics from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, BidaskClub lowered Astronics from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 29th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $45.25.
In other Astronics news, Director Robert J. Mckenna sold 45,000 shares of Astronics stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $39.00, for a total transaction of $1,755,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 16.45% of the stock is currently owned by insiders.
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Astronics 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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