Headlines about Astronics Corporation (NASDAQ:ATRO) have been trending positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Astronics Corporation earned a news sentiment score of 0.26 on Accern’s scale. Accern also gave media coverage about the aerospace company an impact score of 46.1599784348388 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Astronics Corporation (ATRO) Sees Large Growth in Short Interest (americanbankingnews.com)
- Astronics Corporation (ATRO) Receives Hold Rating from SunTrust Banks, Inc. (americanbankingnews.com)
- Astronics Corporation (ATRO) Upgraded to Hold by Zacks Investment Research (americanbankingnews.com)
- Astronics Corporation (ATRO) to Post Q4 2017 Earnings of $0.50 Per Share, SunTrust Banks Forecasts (americanbankingnews.com)
- Brokers Offer Predictions for Astronics Corporation’s FY2017 Earnings (ATRO) (americanbankingnews.com)
Several research firms have weighed in on ATRO. SunTrust Banks, Inc. restated a “hold” rating and set a $35.00 target price on shares of Astronics Corporation in a research note on Friday. Zacks Investment Research upgraded Astronics Corporation from a “sell” rating to a “hold” rating in a research note on Friday. Dougherty & Co increased their price target on Astronics Corporation from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Canaccord Genuity reiterated a “buy” rating and issued a $40.00 price target on shares of Astronics Corporation in a research note on Tuesday, November 7th. Finally, BidaskClub cut Astronics Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $37.25.
Astronics Corporation (NASDAQ:ATRO) traded down $0.68 during midday trading on Tuesday, reaching $37.54. The company had a trading volume of 123,300 shares, compared to its average volume of 149,562. The firm has a market capitalization of $1,096.95, a P/E ratio of 32.39, a price-to-earnings-growth ratio of 1.89 and a beta of 1.04. Astronics Corporation has a 1-year low of $23.95 and a 1-year high of $41.03. The company has a quick ratio of 1.57, a current ratio of 3.07 and a debt-to-equity ratio of 0.52.
Astronics Corporation (NASDAQ:ATRO) last issued its quarterly earnings results on Tuesday, November 7th. The aerospace company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.14). Astronics Corporation had a return on equity of 10.29% and a net margin of 5.80%. The business had revenue of $149.64 million for the quarter, compared to analyst estimates of $154.90 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. The business’s revenue was down 3.5% on a year-over-year basis. sell-side analysts anticipate that Astronics Corporation will post 1.35 earnings per share for the current year.
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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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