Astronics Corporation (ATRO) is Upgraded by KeyBanc Capital Mkts to Overweight

Astronics Corporation (ATRO) was Upgraded by KeyBanc Capital Mkts to ” Overweight”. Earlier the firm had a rating of “Sector Weight ” on the company shares. KeyBanc Capital Mkts advised their investors in a research report released on Jun 29, 2016.

Many Wall Street Analysts have commented on Astronics Corporation. Company shares were Reiterated by Dougherty & Company on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $50 .Astronics Corporation was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Apr 20, 2016.

On the company’s financial health, Astronics Corporation reported $0.44 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.51. The company had revenue of $159.50 million for the quarter, compared to analysts expectations of $167.77 million. The company’s revenue was down -1.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.41 EPS.

Astronics Corporation closed down -1.37 points or -4.13% at $31.83 with 3,37,985 shares getting traded on Monday. Post opening the session at $32.63, the shares hit an intraday low of $31.37 and an intraday high of $33.035 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 2, 2016, James S Kramer (Executive Vice President) sold 3,000 shares at $38.12 per share price. According to the SEC, on May 23, 2016, Robert T Brady (director) purchased 4,500 shares at $35.39 per share price. On Dec 17, 2015, John B Drenning (director) sold 6,000 shares at $38.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Astronics Corporation is a supplier of products to the aerospace defense consumer electronics and semi-conductor industries. Its products include advanced high-performance lighting and safety systems electrical power generation and distribution systems aircraft structures avionics products and automatic test systems. The Company has two segments: Aerospace and Test Systems. It designs and builds its products through its wholly owned subsidiaries Astronics Advanced Electronic Systems Corp. (AES); Astronics AeroSat Corporation (AeroSat); Ballard Technology Inc. (Ballard); DME Corporation (DME); Luminescent Systems Inc. (LSI); Luminescent Systems Canada Inc. (LSI Canada); Max-Viz Inc. (Max-Viz); Peco Inc. (Peco); PGA Electronic s.a. (PGA) Astronics Test Systems Inc. and Armstrong Aerospace Inc. (Armstrong). The Company has operations in the United States Canada and France.

Astronics Corporation

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