Astronics (NASDAQ:ATRO) Stock, Quote.Headers.trade-ideas

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.

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U.S. stocks traded higher, with the Dow Jones gaining around 300 points on Monday. Here are some big stocks recording gains in today’s session.

Elanco Animal Health, Sovos Brands, Veritiv, Graham And Other Big Stocks Moving Higher On Monday

Astronics Corp

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.

Price Target

Analyst Ratings

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

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

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 Provides Preliminary Revenue Expectations For 2024 Of $760M-$795M; Est. $755.4M

<h3>Gainers</h3>
<ul>
<li>Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) shares rose 11.9% to $7.15 during Tuesday's after-market session. The company's market cap stands at $306.5 million. </li>
<li>C3is (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CISS#NASDAQ">CISS</a>) stock rose 9.26% to $0.47. The market value of their outstanding shares is at $4.1 million. </li>
<li>Smart Powerr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CREG#NASDAQ">CREG</a>) shares rose 8.11% to $1.76. The market value of their outstanding shares is at $13.9 million. </li>
<li>Vast Renewables (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSTE#NASDAQ">VSTE</a>) stock increased by 5.01% to $3.98. The market value of their outstanding shares is at $116.5 million. </li>
<li>JanOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAN#NASDAQ">JAN</a>) shares rose 4.99% to $0.56. The company's market cap stands at $2.7 million. </li>
<li>Astronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATRO#NASDAQ">ATRO</a>) shares moved upwards by 3.78% to $16.18. The company's market cap stands at $549.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Park Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKE#NYSE">PKE</a>) stock fell 6.0% to $13.25 during Tuesday's after-market session. The company's market cap stands at $268.3 million. The company's, Q3 earnings came out today. </li>
<li>View (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIEW#NASDAQ">VIEW</a>) shares declined by 4.92% to $2.13. The company's market cap stands at $8.6 million. </li>
<li>Applied UV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUVI#NASDAQ">AUVI</a>) shares declined by 4.55% to $2.52. The market value of their outstanding shares is at $3.1 million. </li>
<li>Swvl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWVL#NASDAQ">SWVL</a>) shares decreased by 4.29% to $3.8. The market value of their outstanding shares is at $25.8 million. </li>
<li>Ault Alliance (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AULT#AMEX">AULT</a>) stock fell 2.78% to $0.07. The market value of their outstanding shares is at $4.9 million. </li>
<li>Nauticus Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) stock decreased by 2.46% to $0.29. The company's market cap stands at $14.2 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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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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Press Releases

Astronics Awarded Contract for U.S. Army Radio Test Set TS-4549/T Valued at Approximately $215 Million

Astronics Corporation Refinances Debt with Expanded Revolver and Lower Cost Term Loan

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

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Astronics

Astronics (ATRO) Forecast

Astronics (NASDAQ:ATRO) Stock, Quote.Headers.trade-ideas