Astronics (NASDAQ:ATRO) Posts Earnings Results, Beats Estimates By $0.12 EPS

Astronics (NASDAQ:ATRO) announced its earnings results on Tuesday. The aerospace company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.12, Zacks reports. The business had revenue of $240.07 million during the quarter, compared to the consensus estimate of $237.11 million. Astronics had a net margin of 3.41% and a return on equity of 36.45%. The firm’s revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share.

Here are the key takeaways from Astronics’ conference call:

• Record Q4 and year-end performance — revenue of $240 million (+15% YoY), operating income of 14.8%, adjusted EBITDA of 19%, $27.6M cash from operations, and year-end bookings/backlog records.
• Margin expansion was driven by higher volume, favorable mix (including a spares surge), repricing, productivity initiatives and lower litigation reserves, resulting in an adjusted aerospace operating margin of 19.8%.
• Preliminary 2026 outlook calls for $950–$990 million revenue (midpoint ~$970M, ~12.5% growth), Q1 revenue of $220–$230M, and expected quarterly sales above $250M in H2 while targeting sustainable high‑teens operating margins.
• Balance sheet leverage increased — net debt rose to $324.8 million after refinancing and convertible bond repurchases, although available liquidity remains $231M.
• Execution risks remain, notably the timing of the Army Radio Test Program (key to test‑systems profitability), uncertain tariff outcomes (about $8M of past tariffs not assumed recoverable), and sizable near‑term investments including a multi‑year ERP spend of ~$14M–$18M that will hit operating cash flow.

Astronics Stock Down 5.4%

Shares of NASDAQ ATRO opened at $74.59 on Thursday. The firm’s 50 day moving average price is $69.41 and its 200 day moving average price is $53.67. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.56 and a current ratio of 2.87. The firm has a market cap of $2.66 billion, a P/E ratio of 96.09 and a beta of 1.10. Astronics has a 1 year low of $19.51 and a 1 year high of $81.89.

Hedge Funds Weigh In On Astronics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATRO. State Street Corp increased its stake in Astronics by 26.2% during the fourth quarter. State Street Corp now owns 1,832,179 shares of the aerospace company’s stock valued at $99,377,000 after purchasing an additional 379,811 shares during the last quarter. Geode Capital Management LLC grew its stake in Astronics by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 756,386 shares of the aerospace company’s stock worth $41,033,000 after buying an additional 7,968 shares during the last quarter. Millennium Management LLC increased its position in Astronics by 80.1% in the first quarter. Millennium Management LLC now owns 746,956 shares of the aerospace company’s stock worth $18,054,000 after buying an additional 332,133 shares during the period. Private Capital Management LLC raised its holdings in shares of Astronics by 39.4% during the third quarter. Private Capital Management LLC now owns 561,257 shares of the aerospace company’s stock valued at $25,599,000 after buying an additional 158,714 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in Astronics by 8.7% during the 3rd quarter. Marshall Wace LLP now owns 473,922 shares of the aerospace company’s stock valued at $21,616,000 after buying an additional 37,871 shares during the period. 56.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ATRO shares. Truist Financial lifted their target price on shares of Astronics from $75.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday. CJS Securities raised Astronics to a “strong-buy” rating in a report on Thursday, December 11th. Wall Street Zen lowered shares of Astronics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Astronics in a research report on Wednesday, January 21st. Finally, Zacks Research raised Astronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Astronics presently has a consensus rating of “Buy” and an average target price of $77.33.

Astronics Company Profile

Astronics Corporation (NASDAQ: ATRO) is a global leader in the design and manufacture of advanced technologies primarily for the aerospace, defense and semiconductor industries. Headquartered in East Aurora, New York, the company was founded in 1968 and has grown through a combination of internal development and strategic acquisitions. Astronics operates multiple business units focused on power conversion, distribution and control; cabin electronics and connectivity; aircraft lighting and safety solutions; and automated test systems.

The company’s aerospace products include onboard power generation and management systems, in-flight entertainment and connectivity hardware, LED and fluorescent lighting for aircraft cabins and cockpits, and safety equipment such as escape slide power units.