Astronics Corporation (ATRO) Beats Q4 Earnings and Revenue Estimates
Astronics Corporation (ATRO) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.20 per share a year ago.
Astronics: Why I Remain Extremely Bullish
Astronics' stock rebounded after issuing convertible notes, outperforming the S&P 500, and I maintain a strong buy rating with a $28 price target. Preliminary Q4 revenues of $208-$210 million met high-end guidance, indicating strong demand and a healthy book-to-bill ratio, with Boeing deliveries resuming. 2025 revenue outlook shows 3-8% growth, but litigation risks could impact free cash flow, potentially zeroing it through 2026 if the court sides with Lufthansa.
Here's Why You Should Add Astronics Stock to Your Portfolio Right Now
ATRO makes a strong case for investment in the Aerospace sector, given its solid earnings growth prospects, low debt, high liquidity and rising backlog.
Astronics Stock Tumbles 10% This Year: What Should Investors Do Now?
Investors interested in ATRO may add this stock to their portfolio, considering its discounted valuation and upward revision in earnings estimates.
Astronics Stock Plunges On Convertible Note Offering: But Why?
Astronics Corporation's $150 million convertible note offering led to a 15% stock price drop, reflecting shareholder concerns about potential dilution and future cash flow generation. The proceeds will repay a term loan maturing in 2027 and part of an upsized revolving credit facility, pushing debt maturity to 2030. The market's reaction suggests skepticism about Astronics' growth prospects and ability to generate shareholder value, given a 62.3% stock price decline over the past decade.
Why I Still Believe In Astronics Despite Recent Underperformance
Astronics' stock has underperformed, with a 10% decline since my strong buy rating, despite improved earnings and operational metrics in the third quarter. Third-quarter sales grew 25%, driven by the Aerospace and Test Systems segments, with significant margin improvements despite non-recurring costs. Risks include Boeing production delays and litigation with Lufthansa Technik, but long-term demand and EBITDA growth projections remain strong.
All You Need to Know About Astronics (ATRO) Rating Upgrade to Strong Buy
Astronics (ATRO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Astronics Corporation (ATRO) Q3 2024 Earnings Call Transcript
Astronics Corporation (NASDAQ:ATRO ) Q3 2024 Earnings Conference Call November 6, 2024 4:45 AM ET Company Participants Craig Mychajluk - Investor Relations Peter Gundermann - Chairman, President and Chief Executive Officer David Burney - Executive Vice President and Chief Financial Officer Nancy Hedges - Corporate Controller and Principal Accounting Officer Conference Call Participants Jonathan Tanwanteng - CJS Securities Michael Ciarmoli - Truist Securities Operator Greetings and welcome to the Astronics Corporation Third Quarter Fiscal Year 2024 Financial Results. At this time, all participants are in a listen-only mode.
Astronics Corporation (ATRO) Beats Q3 Earnings and Revenue Estimates
Astronics Corporation (ATRO) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to loss of $0.18 per share a year ago.
Astronics Corporation (ATRO) Q2 2024 Earnings Call Transcript
Astronics Corporation (NASDAQ:ATRO ) Q2 2024 Results Conference Call August 1, 2024 4:45 PM ET Company Participants Debra Pawlowski - Investor Relations Pete Gundermann - Chairman, President & Chief Executive Officer Dave Burney - Chief Financial Officer` Conference Call Participants Jon Tanwanteng - CJS Securities Michael Ciarmoli - Truist Scott Lewis - Lewis Capital Operator Good day, everyone, and welcome to the Astronics Corporation Second Quarter 2024 Financial Results Conference Call. All participants will be in a listen-only mode.
Astronics Corporation (ATRO) Q2 Earnings Miss Estimates
Astronics Corporation (ATRO) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to loss of $0.37 per share a year ago.
New Strong Sell Stocks for July 18th
NTIC, ATRO and PII have been added to the Zacks Rank #5 (Strong Sell) List on July 18, 2024.
