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Astronics Corporation Reports 2024 First Quarter Financial Results
Business Wire (Thu, 2-May 4:15 PM ET)
Astronics Corporation Announces First Quarter 2024 Financial Results Conference Call and Webcast
Business Wire (Mon, 22-Apr 8:30 AM ET)
Astronics Corporation Reports 2023 Fourth Quarter and Full Year Financial Results
Business Wire (Wed, 28-Feb 4:15 PM ET)
Astronics Corporation Announces Fourth Quarter 2023 Financial Results Conference Call and Webcast
Business Wire (Thu, 15-Feb 9:00 AM ET)
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 trades on the NASDAQ stock market under the symbol ATRO.
As of May 14, 2024, ATRO stock price climbed to $18.92 with 89,273 million shares trading.
ATRO has a beta of 1.84, meaning it tends to be more sensitive to market movements. ATRO has a correlation of 0.30 to the broad based SPY ETF.
ATRO has a market cap of $659.17 million. This is considered a Small Cap stock.
Last quarter Astronics reported $185 million in Revenue and -$.09 earnings per share. This beat revenue expectation by $12 million and missed earnings estimates by -$.08.
In the last 3 years, ATRO stock traded as high as $22.44 and as low as $7.46.
The top ETF exchange traded funds that ATRO belongs to (by Net Assets): VTI, IWM, XAR, VXF, IWN.
ATRO has underperformed the market in the last year with a return of +21.4%, while the SPY ETF gained +28.8%. In the last 3 month period, ATRO fell short of the market, returning +3.9%, while SPY returned +6.2%. However, in the most recent 2 weeks ATRO has outperformed the stock market by returning +13.6%, while SPY returned +2.6%.
ATRO support price is $18.42 and resistance is $19.36 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ATRO stock will trade within this expected range on the day.