Is Astronics Stock a Good Investment?
Astronics Investment Advice | ATRO |
- Examine Astronics' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Astronics' leadership team and their track record. Good management can help Astronics navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Aerospace & Defense space and any emerging trends that could impact Astronics' business and its evolving consumer preferences.
- Compare Astronics' performance and market position to its competitors. Analyze how Astronics is positioned in terms of product offerings, innovation, and market share.
- Check if Astronics pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Astronics' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Astronics stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Astronics is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Examine Astronics Stock
Researching Astronics' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 73.0% of the company shares are held by institutions such as insurance companies. The book value of Astronics was presently reported as 7.11. The company has Price/Earnings To Growth (PEG) ratio of 1.46. Astronics recorded a loss per share of 0.16. The entity last dividend was issued on the 25th of January 1994. The firm had 1182:1000 split on the 11th of October 2018.
To determine if Astronics is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Astronics' research are outlined below:
| Astronics generated a negative expected return over the last 90 days | |
| Astronics has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 689.21 M. Net Loss for the year was (26.42 M) with profit before overhead, payroll, taxes, and interest of 65.48 M. | |
| Astronics currently holds about 10.68 M in cash with (23.95 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.33. | |
| Roughly 73.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from businesswire.com: Astronics Corporation to Webcast Presentation at the Sidoti Small Cap Conference |
Astronics Quarterly Cash And Short Term Investments |
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Astronics uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Astronics. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Astronics' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 7th of March 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 7th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Astronics' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Astronics' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2010-07-29 | 2010-06-30 | 0.11 | 0.13 | 0.02 | 18 | ||
2009-07-30 | 2009-06-30 | 0.12 | 0.1 | -0.02 | 16 | ||
2023-03-02 | 2022-12-31 | -0.18 | -0.21 | -0.03 | 16 | ||
2011-02-08 | 2010-12-31 | 0.19 | 0.22 | 0.03 | 15 | ||
2008-02-14 | 2007-12-31 | 0.14 | 0.11 | -0.03 | 21 | ||
2012-08-07 | 2012-06-30 | 0.3 | 0.25 | -0.05 | 16 | ||
2009-11-05 | 2009-09-30 | 0.08 | 0.13 | 0.05 | 62 | ||
2008-05-01 | 2008-03-31 | 0.19 | 0.14 | -0.05 | 26 |
Know Astronics' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Astronics is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Astronics backward and forwards among themselves. Astronics' institutional investor refers to the entity that pools money to purchase Astronics' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Minerva Advisors Llc | 2024-09-30 | 463.1 K | Cooper Creek Partners Management Llc | 2024-09-30 | 422.7 K | Arnhold & S. Bleichroeder Advisers, Llc | 2024-09-30 | 407.7 K | Wellington Management Company Llp | 2024-06-30 | 273.6 K | Needham Investment Management, Llc | 2024-09-30 | 267.5 K | Northern Trust Corp | 2024-09-30 | 244.5 K | Amvescap Plc. | 2024-06-30 | 239.3 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 197.7 K | Teton Advisors Inc | 2024-09-30 | 178 K | Next Century Growth Investors Llc | 2024-06-30 | 2.4 M | Blackrock Inc | 2024-06-30 | 2.1 M |
Astronics' market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 564.49 M.Market Cap |
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Astronics' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.05) | (0.05) | |
| Return On Capital Employed | (0.01) | (0.01) | |
| Return On Assets | (0.04) | (0.04) | |
| Return On Equity | (0.11) | (0.10) |
Determining Astronics' profitability involves analyzing its financial statements and using various financial metrics to determine if Astronics is a good buy. For example, gross profit margin measures Astronics' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Astronics' profitability and make more informed investment decisions.
Evaluate Astronics' management efficiency
Astronics has return on total asset (ROA) of 0.0218 % which means that it generated a profit of $0.0218 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.0266) %, meaning that it created substantial loss on money invested by shareholders. Astronics' management efficiency ratios could be used to measure how well Astronics manages its routine affairs as well as how well it operates its assets and liabilities. As of the 28th of November 2024, Return On Tangible Assets is likely to grow to -0.05. In addition to that, Return On Capital Employed is likely to grow to -0.01. At this time, Astronics' Fixed Asset Turnover is very stable compared to the past year.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 7.54 | 7.91 | |
| Tangible Book Value Per Share | 3.80 | 3.99 | |
| Enterprise Value Over EBITDA | 45.86 | 48.15 | |
| Price Book Value Ratio | 2.31 | 1.84 | |
| Enterprise Value Multiple | 45.86 | 48.15 | |
| Price Fair Value | 2.31 | 1.84 | |
| Enterprise Value | 1.3 B | 1.4 B |
The strategic initiatives led by Astronics' management are central to its market success. By analyzing these initiatives, we provide a clear picture of the stock's growth prospects.
Beta 1.835 |
Basic technical analysis of Astronics Stock
As of the 28th of November, Astronics shows the Risk Adjusted Performance of (0.07), standard deviation of 3.55, and Mean Deviation of 2.34. Astronics technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.Astronics' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Astronics insiders, such as employees or executives, is commonly permitted as long as it does not rely on Astronics' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Astronics insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Astronics' Outstanding Corporate Bonds
Astronics issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Astronics uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Astronics bonds can be classified according to their maturity, which is the date when Astronics has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View |
Understand Astronics' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Astronics' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.07) | |||
| Market Risk Adjusted Performance | (0.15) | |||
| Mean Deviation | 2.34 | |||
| Coefficient Of Variation | (1,024) | |||
| Standard Deviation | 3.55 | |||
| Variance | 12.63 | |||
| Information Ratio | (0.13) | |||
| Jensen Alpha | (0.62) | |||
| Total Risk Alpha | (0.89) | |||
| Treynor Ratio | (0.16) | |||
| Maximum Drawdown | 22.57 | |||
| Value At Risk | (7.33) | |||
| Potential Upside | 3.6 | |||
| Skewness | (0.81) | |||
| Kurtosis | 3.36 |
| Risk Adjusted Performance | (0.07) | |||
| Market Risk Adjusted Performance | (0.15) | |||
| Mean Deviation | 2.34 | |||
| Coefficient Of Variation | (1,024) | |||
| Standard Deviation | 3.55 | |||
| Variance | 12.63 | |||
| Information Ratio | (0.13) | |||
| Jensen Alpha | (0.62) | |||
| Total Risk Alpha | (0.89) | |||
| Treynor Ratio | (0.16) | |||
| Maximum Drawdown | 22.57 | |||
| Value At Risk | (7.33) | |||
| Potential Upside | 3.6 | |||
| Skewness | (0.81) | |||
| Kurtosis | 3.36 |
Consider Astronics' intraday indicators
Astronics intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Astronics stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Astronics Corporate Filings
8K | 26th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 14th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 7th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
F4 | 2nd of October 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
Astronics Stock media impact
Far too much social signal, news, headlines, and media speculation about Astronics that are available to investors today. That information is available publicly through Astronics media outlets and privately through word of mouth or via Astronics internal channels. However, regardless of the origin, that massive amount of Astronics data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Astronics news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Astronics relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Astronics' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Astronics alpha.
Astronics Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Astronics can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Astronics Corporate Executives
Elected by the shareholders, the Astronics' board of directors comprises two types of representatives: Astronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Astronics. The board's role is to monitor Astronics' management team and ensure that shareholders' interests are well served. Astronics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Astronics' outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Burney | CFO, Executive VP and Secretary | Profile |
Already Invested in Astronics?
The danger of trading Astronics is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Astronics is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Astronics. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Astronics is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Astronics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Astronics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Astronics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Astronics Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Astronics Stock, please use our How to Invest in Astronics guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Aerospace & Defense space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Astronics. If investors know Astronics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Astronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.93) | Earnings Share (0.16) | Revenue Per Share 22.48 | Quarterly Revenue Growth 0.25 | Return On Assets 0.0218 |
The market value of Astronics is measured differently than its book value, which is the value of Astronics that is recorded on the company's balance sheet. Investors also form their own opinion of Astronics' value that differs from its market value or its book value, called intrinsic value, which is Astronics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Astronics' market value can be influenced by many factors that don't directly affect Astronics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Astronics' value and its price, as these two are different measures arrived at by various means. Investors typically determine if Astronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.