New Lifetime High Reached By Astronics Corporation (ATRO)
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified Astronics Corporation ( ATRO ) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Astronics Corporation as such a stock due to the following factors:
- ATRO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $8.7 million.
- ATRO has traded 190,417 shares today.
- ATRO is trading at a new lifetime high.
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More details on ATRO:
Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace and defense industries worldwide. It operates in two segments, Aerospace and Test Systems. ATRO has a PE ratio of 31.3. Currently there are 2 analysts that rate Astronics Corporation a buy, no analysts rate it a sell, and none rate it a hold.
The average volume for Astronics Corporation has been 80,500 shares per day over the past 30 days. Astronics has a market cap of $638.5 million and is part of the industrial goods sector and aerospace/defense industry. The stock has a beta of 0.51 and a short float of 2.2% with 1.26 days to cover. Shares are up 15.5% year-to-date as of the close of trading on Wednesday.
TheStreetRatings.com Analysis:
TheStreet Quant Ratings rates Astronics Corporation as a buy . The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, compelling growth in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
Highlights from the ratings report include:
- The revenue growth came in higher than the industry average of 9.6%. Since the same quarter one year prior, revenues rose by 30.2%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Aerospace & Defense industry. The net income increased by 45.1% when compared to the same quarter one year prior, rising from $4.93 million to $7.16 million.
- Net operating cash flow has significantly increased by 105.80% to $16.83 million when compared to the same quarter last year. In addition, ASTRONICS CORP has also vastly surpassed the industry average cash flow growth rate of 19.29%.
- Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 105.32% over the past year, a rise that has exceeded that of the S&P 500 Index. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
- ASTRONICS CORP's earnings per share improvement from the most recent quarter was slightly positive. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, ASTRONICS CORP reported lower earnings of $1.60 versus $1.76 in the prior year. This year, the market expects an improvement in earnings ($1.70 versus $1.60).
- You can view the full Astronics Corporation Ratings Report .
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