Astronics Corp (NASDAQ: ATRO) has reported E.P.S. of $-0.09 for its first fiscal quarter (ending March 31) versus $-0.14 for the same period a year ago. This performance was $-0.29 short of the consensus estimate of $0.20. For the latest four quarters through March 31, E.P.S. were $-0.77 compared to $-1.15 a year ago.
Recent Price Action
Astronics Corp (NASDAQ: ATRO) stock increased 1.1% on 5/2/24. The shares closed at $17.22. NORMAL trading volume accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 4.6% during the last week.
Current PriceTarget Research Rating
ATRO is expected to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Astronics has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Astronics has a poor Appreciation Score of 22 but a good Power Rating of 70, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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