Media headlines about Astronics Corporation (NASDAQ:ATRO) have been trending somewhat positive on Thursday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Astronics Corporation earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media headlines about the aerospace company an impact score of 45.7157450663909 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Astronics Ballard Technology webCS securely bridges avionics data with wired, wireless networks (intelligent-aerospace.com)
- Astronics Ballard Technology Launches Innovative Aircraft Communications Server (finance.yahoo.com)
- ETFs with exposure to Astronics Corp. : October 9, 2017 (finance.yahoo.com)
- B/E Aerospace (BEAV) and Astronics Corporation (ATRO) Head to Head Survey (americanbankingnews.com)
- Astronics Corporation (ATRO) Receives “Buy” Rating from Canaccord Genuity (americanbankingnews.com)
Shares of Astronics Corporation (ATRO) opened at 30.78 on Thursday. The stock has a market cap of $883.42 million, a price-to-earnings ratio of 22.34 and a beta of 1.17. Astronics Corporation has a 12 month low of $23.95 and a 12 month high of $41.03. The firm has a 50-day moving average price of $28.44 and a 200-day moving average price of $29.67.
Astronics Corporation (NASDAQ:ATRO) last announced its quarterly earnings results on Wednesday, August 2nd. The aerospace company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.14). The company had revenue of $151.11 million during the quarter, compared to analyst estimates of $162.33 million. Astronics Corporation had a net margin of 6.73% and a return on equity of 12.12%. The firm’s revenue for the quarter 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 expect that Astronics Corporation will post $1.41 EPS for the current fiscal year.
ATRO has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Astronics Corporation from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Tuesday, July 4th. BidaskClub cut Astronics Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Canaccord Genuity decreased their price objective on Astronics Corporation from $40.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $35.00.
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About Astronics Corporation
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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