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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

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.

Earnings

ATRO

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.

News

Price Target

Analyst Ratings

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

WIIM

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

Guidance

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.

Earnings Beats

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

The refinancing provides improved liquidity, lower cash costs, and greater financial flexibility for the Company.&nbsp;
The revolving line of credit was expanded from&nbsp;$115 million&nbsp;to a&nbsp;$200 million&nbsp;maximum subject to the borrowing base, with an interest rate of SOFR plus&nbsp;2.5%&nbsp;to&nbsp;3.0%&nbsp;varying based on the Company&#39;s consolidated leverage ratio.&nbsp;

Astronics Amends, Expands Revolving Line Of Credit And Refinanced Its Term Loan

The firm-fixed price, indefinite delivery, indefinite quantity (IDIQ) contract has a total value of up to $215 million with an expected period of performance of five years. The contract was awarded with an initial delivery order of $15.5 million to cover qualification and low-rate initial production. The Company expects this effort will generate revenue of approximately $10 million to $12 million in 2024 of which $5 million to $7 million is expected in the second quarter.

Contracts

Astronics Wins $215M Contract For U.S. Army Radio Test Set TS-4549/T

<ul>
<li>Global leader in passenger power for commercial airlines has delivered 350 shipsets of the UltraLite G2 USB system with 300 more shipsets scheduled for 2024</li>
<li>USB Type C system weighs&nbsp;30%&nbsp;to&nbsp;40%&nbsp;less supporting airline efforts to reduce carbon emissions</li>
</ul>

Reported Monday, Astronics' EmPower UltraLite G2 USB Power System To Be Installed On 650 Aircraft By End Of Year

Astronics Dual-Modem Modem Manager (ModMan) Ushers in the Next Chapter of Inflight Entertainment and Connectivity by Enabling Airline Flexibility and Control
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.astronics.com%2F&amp;esheet=54015446&amp;newsitemid=20240524004871&amp;lan=en-US&amp;anchor=Astronics+Corporation&amp;index=1&amp;md5=2228a71b64b8753b7fcad8040b8294c7">Astronics Corporation</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATRO#NASDAQ">ATRO</a>), a leading supplier of advanced technologies and products to the global aerospace, defense, and other mission-critical industries, announced today that it has been awarded contracts from multiple customers for the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.astronics.com%2Fproductinfo%3Fproductgroup%3DInflight%2520Entertainment%2520System%2520Hardware%26subproduct%3DIFEC%2520Embedded%2520System%2520Hardware%26subitem%3DIFEC%2520Modem%2520Managers&amp;esheet=54015446&amp;newsitemid=20240524004871&amp;lan=en-US&amp;anchor=Astronics+Dual-Modem+ModMan&amp;index=2&amp;md5=d3e0d850cfc57a17b0f4e7e8d67c29fa">Astronics Dual-Modem ModMan</a> (ADMM) valued up to approximately $75 million over the next 3 to 5 years. The Company expects to receive a series of purchase orders throughout the duration of the contracts.

Astronics Awarded Contracts From Multiple Customers Valued Up To $75M For Dual-Modem Modem Manager Units

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 $21 to $19.

Truist Securities Maintains Hold on Astronics, Lowers Price Target to $19

Astronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATRO#NASDAQ">ATRO</a>) reported quarterly losses of $(0.09) per share which missed the analyst consensus estimate of $(0.01) by 800 percent. The company reported quarterly sales of $185.10 million which beat the analyst consensus estimate of $173.27 million by 6.83 percent. This is a 18.25 percent increase over sales of $156.54 million the same period last year.

Earnings Misses

Astronics Q1 2024 Adj EPS $(0.09) Misses $(0.01) Estimate, Sales $185.10M Beat $173.27M Estimate

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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 $18 to $21.

Truist Securities Maintains Hold on Astronics, Raises Price Target to $21

Astronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATRO#NASDAQ">ATRO</a>) reported quarterly earnings of $0.20 per share which beat the analyst consensus estimate of $0.15 by 33.33 percent. The company reported quarterly sales of $195.29 million which beat the analyst consensus estimate of $189.80 million by 2.89 percent. This is a 23.48 percent increase over sales of $158.15 million the same period last year.

Astronics Q4 2023 GAAP EPS $0.20 Beats $0.15 Estimate, Sales $195.29M Beat $189.80M Estimate

Astronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATRO#NASDAQ">ATRO</a>) reported its Q4 earnings results on Wednesday, February 28, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Astronics missed estimated earnings by -9.0%, reporting an EPS of $0.2 versus an estimate of $0.22.
Revenue was up $37.14 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.55 which was followed by a 13.0% drop in the share price the next day.
Here's a look at Astronics's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.04</td>
<td>-0.03</td>
<td>-0.31</td>
<td>-0.18</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.51</td>
<td>-0.37</td>
<td>-0.14</td>
<td>-0.21</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>172.36M</td>
<td>172.42M</td>
<td>144.27M</td>
<td>155.00M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>162.92M</td>
<td>174.45M</td>
<td>156.54M</td>
<td>158.15M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Astronics <a href="https://www.benzinga.com/quote/ATRO/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Astronics Q4 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 raises the price target from $17 to $18.

Truist Securities Maintains Hold on Astronics, Raises Price Target to $18

Astronics GAAP EPS of $0.04 misses by $0.17, revenue of $198.1M beats by $7.1M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Astronics (NASDAQ:<a href="https://investorplace.com/stock-quotes/atro-stock-quote/">ATRO</a>) just reported results for the second quarter of 2024.<ul><li>Astronics reported earnings per share of 4 cents. This was below the analyst estimate for EPS of 17 cents.</li><li>The company reported revenue of $98.11 million.</li><li>This was 48.63% worse than the analyst estimate for revenue of $190.99 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/atro-stock-earnings-astronics-for-q2-of-2024/">ATRO Stock Earnings: Astronics Misses EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

ATRO Stock Earnings: Astronics Misses EPS, Misses Revenue for Q2 2024

Truist Financial analyst Michael Ciarmoli maintained a Hold rating on Astronics (ATRO – Research Report) today and set a price target of $22.00. Th...

Truist Financial Sticks to Its Hold Rating for Astronics (ATRO)

Astronics Corporation (ATRO) Q2 2024 Earnings Call Transcript

Astronics: Improving, Gradually However

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Middle Coast Investing Q3 2024 Investor Letter: Transitions And Timing

Astronics ( ($ATRO) ) has issued an announcement. Astronics Corporation has announced the appointment of Nancy L. Hedges as Chief Financial Officer...

Astronics Appoints Nancy Hedges as New CFO

Astronics names Nancy Hedges as CFO

LMT, GE, RTX deliver earnings; None crack top 10 in the defense industry per SA quant metrics

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Press Releases

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

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

Astronics Corporation Reports 14% Growth in Sales in 2024 Second Quarter

Astronics Corporation to Webcast Presentation at the Midwest IDEAS Conference

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

Astronics Corporation to Present Virtually at the Gabelli 30th Annual Aerospace & Defense Symposium

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

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