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Astronics

Astronics Corp supplies products to the aerospace, defense, and electronics industries. The company has two reportable segments namely Aerospace and Test Systems. The aerospace segment serves three primary markets: military, commercial transport, and General Aviation. The Test Systems segment serves the aerospace, defense, and semiconductor markets. The company generates a majority of its revenue from the Aerospace segment. Geographically, it generates a majority of its revenue from the United States.

Astronics Corp

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Shares of defense companies are trading higher following Trump's inauguration as investors assess the new administration's economic policies.

Truist Securities analyst Michael Ciarmoli maintains Astronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATRO#NASDAQ">ATRO</a>) with a Hold and lowers the price target from $20 to $17.

News

Price Target

Analyst Ratings

Truist Securities Maintains Hold on Astronics, Lowers Price Target to $17

The Company also provided preliminary revenue expectations for 2025 of $820 million to $860 million representing an increase of approximately 6% over 2024 at the mid-point of the range.
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Astronics Corporation Says Q4 Preliminary Unaudited Revenue Was $208M-$210M Versus $194.9M Estimate; Sees FY24 Preliminary Unaudited Revenue Was Approximately $796M

<h3>Gainers</h3>
<ul>
<li>Primega Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGHL#NASDAQ">PGHL</a>) shares rose 18.8% to $12.52 during Tuesday's pre-market session. The market value of their outstanding shares is at $300.4 million. </li>
<li>AgEagle Aerial Sys (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UAVS#AMEX">UAVS</a>) stock rose 17.42% to $7.01. The market value of their outstanding shares is at $33.0 million. </li>
<li>Volato Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#AMEX">SOAR</a>) stock rose 13.82% to $0.31. The market value of their outstanding shares is at $9.2 million. </li>
<li>Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) stock rose 12.84% to $0.2. The company's market cap stands at $25.4 million. </li>
<li>Sidus Space (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIDU#NASDAQ">SIDU</a>) stock increased by 11.94% to $1.5. The company's market cap stands at $13.0 million. </li>
<li>Woodward (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WWD#NASDAQ">WWD</a>) shares increased by 11.82% to $200.5. The company's market cap stands at $11.9 billion. As per the press release, Q4 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Astronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATRO#NASDAQ">ATRO</a>) shares decreased by 20.5% to $14.0 during Tuesday's pre-market session. The market value of their outstanding shares is at $493.6 million. </li>
<li>ESGL Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESGL#NASDAQ">ESGL</a>) shares declined by 12.14% to $1.52. The market value of their outstanding shares is at $61.1 million. </li>
<li>Fluence Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNC#NASDAQ">FLNC</a>) stock fell 12.05% to $20.67. The market value of their outstanding shares is at $2.6 billion. As per the press release, Q4 earnings came out yesterday. </li>
<li>Air T (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRT#NASDAQ">AIRT</a>) shares declined by 9.9% to $18.21. The company's market cap stands at $50.2 million. </li>
<li>Blue Bird (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLBD#NASDAQ">BLBD</a>) stock declined by 9.83% to $38.62. The market value of their outstanding shares is at $1.2 billion. The company's, Q4 earnings came out yesterday. </li>
<li>Nature's Miracle Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) shares fell 9.2% to $2.27. The market value of their outstanding shares is at $4.4 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Tuesday's Pre-Market Session

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.astronics.com%2F&amp;esheet=54158326&amp;newsitemid=20241126969679&amp;lan=en-US&amp;anchor=Astronics+Corporation&amp;index=1&amp;md5=015f1afd25598de783032dd05ac5024a">Astronics Corporation</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATRO#NASDAQ">ATRO</a>) ("Astronics" or the "Company") today announced the pricing of $150 million aggregate principal amount of 5.500% convertible senior notes due 2030 (the "Notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Astronics also granted the initial purchasers of the Notes an option to purchase up to an additional $15 million aggregate principal amount of the Notes, for settlement within a 13-day period beginning on, and including, the first date on which the Notes are issued. The offering of the Notes is expected to close on December 3, 2024, subject to customary closing conditions.
The Notes will be Astronics' senior unsecured obligations. The Notes will mature on March 15, 2030, unless earlier converted, redeemed or repurchased. The Notes will bear interest at a rate of 5.500% per year, payable semi-annually in arrears on March 15 and September 15 of each year, beginning on March 15, 2025.

Offerings

Astronics Corp Announces The Pricing Of $150M Aggregate Principal Amount Of 5.500% Convertible Senior Notes Due 2030

Astronics shares are trading lower. The company announced a 150 million 2030 convertible senior notes offering.

Astronics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATRO#NASDAQ">ATRO</a>) ("Astronics" or the "Company") today announced that it intends to offer, subject to market and other conditions, $150 million aggregate principal amount of convertible senior notes due 2030 (the "Notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Astronics also expects to grant to the initial purchasers of the Notes an option to purchase up to an additional $15 million aggregate principal amount of the Notes, for settlement within a 13-day period beginning on, and including, the first date on which the Notes are issued.

Astronics Corporation Announces $150M Convertible Senior Notes Due 2030 Offering

Guidance

Astronics Sees FY24 Capital Expenditures $9M-$11M

Astronics Sees FY24 Revenue $777M-$797M Vs $780.835M Est; Sees Q4 Revenue $190M-$210M

Astronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATRO#NASDAQ">ATRO</a>) reported quarterly losses of $(0.34) per share which missed the analyst consensus estimate of $0.08 by 525 percent. The company reported quarterly sales of $203.700 million which beat the analyst consensus estimate of $198.610 million by 2.56 percent. This is a 25.03 percent increase over sales of $162.922 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Astronics Q3 2024 GAAP EPS $(0.34) Misses $0.08 Estimate, Sales $203.700M Beat $198.610M Estimate

Shares of aerospace and defense companies are trading higher after Donald Trump won the 2024 presidential election.

Astronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATRO#NASDAQ">ATRO</a>) is gearing up to announce its quarterly earnings on Wednesday, 2024-11-06. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Astronics will report an earnings per share (EPS) of $0.08.
The market awaits Astronics's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Past Earnings Performance</h3>
During the last quarter, the company reported an EPS missed by $0.13, leading to a 7.7% drop in the share price on the subsequent day.
Here's a look at Astronics's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.17</td>
<td>-0.01</td>
<td>0.22</td>
<td>0.04</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.04</td>
<td>-0.09</td>
<td>0.20</td>
<td>-0.51</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-8.0%</td>
<td>7.000000000000001%</td>
<td>-2.0%</td>
<td>-13.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730822519_0.png" alt="eps graph" />
<h3>Market Performance of Astronics's Stock</h3>
Shares of Astronics were trading at $18.19 as of November 04. Over the last 52-week period, shares are up 10.88%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Insights Shared by Analysts on Astronics</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Astronics.
With 1 analyst ratings, Astronics has a consensus rating of Neutral. The average one-year price target is $20.0, indicating a potential 9.95% upside.
<h3>Analyzing Analyst Ratings Among Peers</h3>
The below comparison of the analyst ratings and average 1-year price targets of Ducommun, Byrna Technologies and AerSale, three prominent players in the industry, gives insights for their relative performance expectations and market positioning.
<ul>
<li>The consensus outlook from analysts is an Buy trajectory for Ducommun, with an average 1-year price target of $74.33, indicating a potential 308.63% upside.</li>
<li>As per analysts' assessments, Byrna Technologies is favoring an Buy trajectory, with an average 1-year price target of $18.0, suggesting a potential 1.04% downside.</li>
<li>The consensus among analysts is an Buy trajectory for AerSale, with an average 1-year price target of $9.25, indicating a potential 49.15% downside.</li>
</ul>
<h3>Peers Comparative Analysis Summary</h3>
The peer analysis summary outlines pivotal metrics for Ducommun, Byrna Technologies and AerSale, demonstrating their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Astronics</td>
<td>Neutral</td>
<td>13.56%</td>
<td>$41.35M</td>
<td>0.60%</td>
</tr>
<tr>
<td>Ducommun</td>
<td>Buy</td>
<td>5.17%</td>
<td>$51.24M</td>
<td>1.19%</td>
</tr>
<tr>
<td>Byrna Technologies</td>
<td>Buy</td>
<td>194.34%</td>
<td>$13.01M</td>
<td>2.28%</td>
</tr>
<tr>
<td>AerSale</td>
<td>Buy</td>
<td>11.22%</td>
<td>$21.72M</td>
<td>-0.81%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Astronics ranks in the middle among its peers for revenue growth, with one peer showing significantly higher growth. It ranks at the bottom for gross profit, with peers reporting higher figures. In terms of return on equity, Astronics is at the bottom compared to its peers, who have higher returns. Overall, Astronics' performance is mixed compared to its peers in these key metrics.
<h3>About Astronics</h3>
Astronics Corp supplies products to the aerospace, defense, and electronics industries. The company has two reportable segments namely Aerospace and Test Systems. The aerospace segment serves three primary markets: military, commercial transport, and General Aviation. The Test Systems segment serves the aerospace, defense, and semiconductor markets. The company generates a majority of its revenue from the Aerospace segment. Geographically, it generates a majority of its revenue from the United States.
<h3>Astronics: A Financial Overview</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Astronics's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 13.56%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Astronics's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 0.77%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Astronics's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 0.6%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.24%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: With a high debt-to-equity ratio of 0.78, Astronics faces challenges in effectively managing its debt levels, indicating potential financial strain.
<a href="https://www.benzinga.com/quote/ATRO/earnings">To track all earnings releases for Astronics visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Astronics's Earnings

Truist Securities analyst Michael Ciarmoli maintains Astronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATRO#NASDAQ">ATRO</a>) with a Hold and lowers the price target from $22 to $20.

Truist Securities Maintains Hold on Astronics, Lowers Price Target to $20

To succeed David C. Burney upon his retirement

Management

Astronics Appoints Nancy Hedges As CFO Effective January 4, 2025

Astronics shares are trading lower. The company reported Q2 financial results.

Truist Securities analyst Michael Ciarmoli maintains Astronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATRO#NASDAQ">ATRO</a>) with a Hold and raises the price target from $20 to $22.

Truist Securities Maintains Hold on Astronics, Raises Price Target to $22

Astronics Sees Q3 Revenue $195M-$205M

Astronics Sees FY24 Revenue $780-$800M Vs $770.015M Est.

Astronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATRO#NASDAQ">ATRO</a>) reported quarterly earnings of $0.04 per share which beat the analyst consensus estimate of $(0.01) by 500 percent. The company reported quarterly sales of $198.100 million which beat the analyst consensus estimate of $190.995 million by 3.72 percent. This is a 13.55 percent increase over sales of $174.454 million the same period last year.

Astronics Q2 2024 EPS $0.04 Beats $(0.01) Estimate, Sales $198.100M Beat $190.995M Estimate

Truist Securities analyst Michael Ciarmoli maintains Astronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATRO#NASDAQ">ATRO</a>) with a Hold and raises the price target from $19 to $20.

Truist Securities Maintains Hold on Astronics, Raises Price Target to $20

Why I Still Believe In Astronics Despite Recent Underperformance

Astronics (ATRO) Corporation announced that it intends to offer, subject to market and other conditions, $150M aggregate principal amount of conver...

Astronics announces $150M convertible senior notes offering

Astronics Corporation stock tumbles on $150M convertible senior notes offering

Astronics Stock Plunges On Convertible Note Offering: But Why?

Astronics ( ($ATRO) ) has issued an announcement. Astronics Corporation issued $165 million in 5.5% Convertible Senior Notes due 2030, with provisi...

Astronics Restructures Finances with Convertible Notes Issuance

Night Watch Investment Management Q4 2024 Update

Astronics guides Q4 revenue above consensus, shares rise

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1. STOCK NEWS: Disney (DIS), Fox (FOXA), and Warner B...

Venu Sports JV discontinued, Walgreens reports Q1 beat: Morning Buzz

Truist lowered the firm's price target on Astronics (ATRO) to $17 from $20 and keeps a Hold rating on the shares as part of a broader research note...

Astronics price target lowered to $17 from $20 at Truist

Next Century Growth Investors Q4 2024 Commentary

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Press Releases

Gabelli Funds to Host 30th Annual Aerospace & Defense Symposium at The Harvard Club, New York City Thursday, September 5, 2024

Astronics Corporation Appoints Nancy L. Hedges as Chief Financial Officer Effective January 4, 2025

Astronics Corporation Announces Third Quarter 2024 Financial Results Conference Call and Webcast

Astronics Corporation Reports 25% Growth in Sales in 2024 Third Quarter

Astronics Corporation Announces $150 Million Convertible Senior Notes Offering

Astronics Corporation Announces Pricing of $150 Million Convertible Senior Notes Offering

Astronics Corporation to Webcast Presentation at the Sidoti Small Cap Conference

Events

Sidoti Events, LLC's Virtual December Small-Cap Conference

Astronics Corporation to Webcast Presentations at CJS Securities 25th Annual New Ideas Conference and the 27th Annual Needham Growth Conference

Astronics Corporation Announces Preliminary Unaudited Revenue for Fourth Quarter 2024 and Initiates Revenue Guidance for 2025

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