Astronics Corporation (ATRO) Releases Earnings Results, Beats Expectations By $0.09 EPS

Astronics Corporation (ATRO) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.57 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $0.48. The company posted revenue of $164.42 million in the period, compared to analysts expectations of $162.17 million. The company’s revenue was down -5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.

Many Wall Street Analysts have commented on Astronics Corporation. Astronics Corporation was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Jun 29, 2016.

Astronics Corporation closed down -0.89 points or -2.28% at $38.17 with 1,92,616 shares getting traded on Tusday. Post opening the session at $39.03, the shares hit an intraday low of $37.34 and an intraday high of $39.47 and the price fluctuated in this range throughout the day.Shares ended Tusday 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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