A Stock You Should Be Looking At: Astronics Corporation (NASDAQ:ATRO)

After finishing at $14.66 in the prior trading day, Astronics Corporation (NASDAQ: ATRO) closed at $14.60, down -0.41%. In other words, the price has decreased by -$0.06 from its previous closing price. On the day, 928060 shares were traded. ATRO stock price reached its highest trading level at $15.04 during the session, while it also had its lowest trading level at $13.70.

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Our goal is to gain a better understanding of ATRO by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 2.60. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.67.

Upgrades & Downgrades

On December 01, 2020, Truist Upgraded its rating to Hold which previously was Sell and also upped its target price recommendation from $6 to $14.

CJS Securities Upgraded its Market Perform to Market Outperform on November 20, 2020, while the target price for the stock was maintained at $16.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 15 when JOHNSON WARREN C bought 5,700 shares for $8.65 per share. The transaction valued at 49,305 led to the insider holds 28,384 shares of the business.

Hedges Nancy L bought 2,400 shares of ATRO for $21,375 on Sep 09. The Principal Accounting Officer now owns 11,317 shares after completing the transaction at $8.91 per share. On Sep 07, another insider, FRISBY JEFFRY D, who serves as the Director of the company, bought 4,784 shares for $8.50 each. As a result, the insider paid 40,664 and bolstered with 31,784 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.81 while its Price-to-Book (P/B) ratio in mrq is 1.99.

Stock Price History:

Over the past 52 weeks, ATRO has reached a high of $14.87, while it has fallen to a 52-week low of $7.46. The 50-Day Moving Average of the stock is 9.70, while the 200-Day Moving Average is calculated to be 9.94.

Shares Statistics:

The stock has traded on average 201.22K shares per day over the past 3-months and 580.77k shares per day over the last 10 days, according to various share statistics. A total of 32.24M shares are outstanding, with a floating share count of 25.32M. Insiders hold about 0.90% of the company’s shares, while institutions hold 72.10% stake in the company. Shares short for ATRO as of Oct 13, 2022 were 518.63k with a Short Ratio of 0.46M, compared to 457.41k on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.62% and a Short% of Float of 2.06%.

Earnings Estimates

Its stock is currently analyzed by 2 different market analysts. On average, analysts expect EPS of -$0.14 for the current quarter, with a high estimate of -$0.11 and a low estimate of -$0.18, while EPS last year was -$0.23. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.04 and low estimates of -$0.12.

Analysts are recommending an EPS of between -$0.59 and -$0.76 for the fiscal current year, implying an average EPS of -$0.7. EPS for the following year is $0.13, with 3 analysts recommending between $0.26 and $0.01.

Revenue Estimates

2 analysts predict $144.74M in revenue for the current quarter. It ranges from a high estimate of $147.9M to a low estimate of $141.57M. As of the current estimate, Astronics Corporation’s year-ago sales were $111.84M, an estimated increase of 29.40% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $152.93M, an increase of 31.80% over than the figure of $29.40% in the same quarter last year. There is a high estimate of $156.8M for the next quarter, whereas the lowest estimate is $149.07M.

A total of 3 analysts have provided revenue estimates for ATRO’s current fiscal year. The highest revenue estimate was $550M, while the lowest revenue estimate was $535.94M, resulting in an average revenue estimate of $543.35M. In the same quarter a year ago, actual revenue was $444.91M, up 22.10% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $617.58M in the next fiscal year. The high estimate is $665M and the low estimate is $566.34M. The average revenue growth estimate for next year is up 13.70% from the average revenue estimate for this year.