Astronics (ATRO) Given News Impact Rating of 0.12

Media coverage about Astronics (NASDAQ:ATRO) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Astronics earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media coverage about the aerospace company an impact score of 45.6566621148355 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Several equities research analysts recently weighed in on ATRO shares. Zacks Investment Research upgraded shares of Astronics from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Tuesday, January 2nd. SunTrust Banks reiterated a “hold” rating and set a $30.00 price objective on shares of Astronics in a research note on Thursday, October 12th. Canaccord Genuity reiterated a “buy” rating and set a $36.00 price objective on shares of Astronics in a research note on Thursday, October 5th. Dougherty & Co increased their price objective on shares of Astronics from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, BidaskClub lowered shares of Astronics from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 29th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Astronics currently has an average rating of “Buy” and a consensus price target of $45.25.

Shares of Astronics (NASDAQ:ATRO) opened at $40.22 on Thursday. The firm has a market cap of $1,160.00, a PE ratio of 34.08, a P/E/G ratio of 2.13 and a beta of 1.52. Astronics has a 12 month low of $23.95 and a 12 month high of $44.19. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.57 and a current ratio of 3.07.

Astronics (NASDAQ:ATRO) last released its quarterly earnings data on Tuesday, November 7th. The aerospace company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.14). The business had revenue of $149.64 million for the quarter, compared to analyst estimates of $154.90 million. Astronics had a return on equity of 10.29% and a net margin of 5.80%. Astronics’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. analysts expect that Astronics will post 1.29 EPS for the current year.

Astronics announced that its board has authorized a stock repurchase program on Monday, December 18th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the aerospace company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

In other Astronics news, Director Robert J. Mckenna sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $39.00, for a total value of $1,755,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 16.45% of the stock is owned by corporate insiders.

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About Astronics

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.

Insider Buying and Selling by Quarter for Astronics (NASDAQ:ATRO)

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