Astronics (OTCMKTS:ATROB) Issues Earnings Results, Beats Estimates By $0.09 EPS

Astronics (OTCMKTS:ATROB) released its quarterly earnings results on Tuesday. The aerospace company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.09, Zacks reports. Astronics had a return on equity of 67.69% and a net margin of 8.40%. The business had revenue of $271.68 million during the quarter, compared to analysts’ expectations of $267.97 million.

Astronics Trading Up 4.6%

Shares of ATROB stock opened at $61.20 on Wednesday. Astronics has a 1 year low of $36.71 and a 1 year high of $94.28. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.97 and a quick ratio of 1.63. The stock’s 50 day simple moving average is $65.25 and its two-hundred day simple moving average is $77.84. The company has a market cap of $2.63 billion, a PE ratio of 36.00 and a beta of 1.33.

Analyst Upgrades and Downgrades

Separately, KeyCorp raised shares of Astronics to a “hold” rating in a research note on Friday, October 23rd. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

About Astronics

Astronics Corporation develops and manufactures technologies for the aerospace, defense and other mission-critical markets. Its aerospace products include aircraft lighting and safety systems, electrical power generation and distribution equipment, cabin electronics, connectivity solutions and aircraft structures. The company also provides automated test systems and related equipment used by aerospace and defense organizations and other manufacturers. Astronics serves customers in North America and internationally, including commercial aviation, business aviation and military markets.