Astronics Corporation

NasdaqGS:ATRO Stock Report

Market Cap: US$2.8b

Astronics Future Growth

Future criteria checks 3/6

Astronics is forecast to grow earnings and revenue by 48.1% and 7.3% per annum respectively while EPS is expected to grow by 23.7% per annum.

Key information

48.1%

Earnings growth rate

23.71%

EPS growth rate

Aerospace & Defense earnings growth18.3%
Revenue growth rate7.3%
Future return on equityn/a
Analyst coverage

Low

Last updated08 Apr 2026

Recent future growth updates

Recent updates

Narrative Update • Apr 29

ATRO: Aero Margins And 737 Max Production Will Support Future Repricing

Analysts have raised their price targets on Astronics to as high as $107, up from prior targets around $75 to $90, citing stronger confidence in aero operating margins and potential upside from production, tariffs, operating leverage, and pricing. Analyst Commentary Bullish analysts are responding to Astronics' recent Q4 earnings beat by lifting price targets and highlighting several potential drivers that they see as supportive for the equity story.
Narrative Update • Apr 14

ATRO: Higher Aero Margins Will Support Future Earnings Repricing

Astronics' analyst price targets have moved higher, including a Truist increase to $107 from $75 and a TD Cowen move to $90 from $85, as analysts highlight confidence in sustained aero operating margins, potential margin expansion to an upper teen range, and upside from factors such as higher Boeing 737 Max production rates, possible tariff relief, operating leverage, and incremental pricing. Analyst Commentary Bullish analysts are raising their price targets on Astronics, pointing to what they see as stronger execution and earnings power than previously reflected in their models.
Narrative Update • Mar 31

ATRO: Higher Aero Margins And 737 Production Will Support Rerating

Astronics' analyst price targets have moved up to as high as $107, with analysts pointing to stronger confidence in aero operating margins, upside from higher Boeing 737 Max production rates, potential tariff relief, operating leverage, and incremental pricing as key supports for the revised views. Analyst Commentary Bullish analysts are highlighting Astronics as a name where recent execution and margin trends are feeding directly into higher valuation frameworks.
Seeking Alpha • Mar 25

Astronics Can Manage Through The Turbulence

Summary Astronics delivered record Q4 revenue and post-pandemic high margins, with backlog also at a record level. Management expects a return to double-digit revenue growth in 2026, supported by strong commercial aircraft demand and improved pricing. Recent geopolitical events in the Middle East have driven near-term volatility, causing ATRO to underperform sector peers in March. Despite the pullback, I view ATRO as a long-term winner, with valuation remaining reasonable and secular trends strongly in the company's favor. Read the full article on Seeking Alpha
Narrative Update • Mar 17

ATRO: Future Aero Margin Optimism Will Face Execution Risk On Production

Narrative update on Astronics The Street price targets on Astronics have recently moved higher, with increases such as Truist's shift to $107 from $75 and TD Cowen's move to $90 from $85. Analysts attribute these changes to greater confidence in aero operating margins, operating leverage, potential tariff relief, higher Boeing 737 Max production, and incremental pricing.
Narrative Update • Mar 03

ATRO: Aero Margin Expansion And 2026 Outlook Will Support Rerating

Astronics' analyst price target has moved from $90 to $107, with analysts pointing to stronger confidence in aero operating margins, potential upper teen profitability, and upside from higher Boeing 737 Max production rates, possible tariff relief, operating leverage, and incremental pricing. Analyst Commentary Bullish analysts are reacting positively to Astronics' recent Q4 earnings, using the results as a springboard to reset expectations on profitability and overall earnings power.
Narrative Update • Feb 17

ATRO: In Seat Power Leadership And 2026 Earnings Outlook May Support Rerating

Analysts have raised their Astronics price target to $65, pointing to the company’s position in aircraft in-seat power systems and projected earnings growth, supported by over 7% expected sales growth, as key drivers of their updated view. Analyst Commentary Bullish analysts are highlighting Astronics as a focused play on aircraft in-seat power systems at a time when that niche remains a key feature for airlines and aircraft manufacturers.
Narrative Update • Feb 02

ATRO: In Seat Power Leadership And 2026 Outlook May Support Rerating

Analysts have lifted their fair value estimate for Astronics to US$90.00 from US$85.00, citing updated assumptions on revenue growth, profit margins and future P/E, along with recent Street research that highlights the company's position in aircraft in seat power systems and expectations for earnings growth supported by expanding investor awareness. Analyst Commentary Bullish analysts are pointing to Astronics' position in aircraft in-seat power systems as a key support for the higher fair value estimate and their constructive view on the stock.
Narrative Update • Jan 19

ATRO: Future Earnings Outlook And In-Seat Power Leadership May Drive Rerating

Astronics' analyst fair value estimate has been raised from US$49.00 to US$85.00 as analysts point to its position in aircraft in-seat power systems, projected earnings and sales growth, and the potential for broader investor awareness. Analyst Commentary Recent research points to a constructive view on Astronics, with bullish analysts highlighting the company’s role in aircraft in seat power systems and its projected growth profile.
Analysis Article • Jan 10

Astronics Corporation's (NASDAQ:ATRO) Share Price Boosted 28% But Its Business Prospects Need A Lift Too

Despite an already strong run, Astronics Corporation ( NASDAQ:ATRO ) shares have been powering on, with a gain of 28...
Narrative Update • Jan 05

ATRO: Future Aerospace And Defense Cycles Will Test Current Optimism

Astronics' analyst fair value estimate has moved higher from US$32.75 to US$54.88 as analysts factor in stronger revenue growth, expanding profit margins, and higher expected future P/E multiples, supported by recent initiations and price target increases that highlight the company's position in aircraft in seat power systems and exposure to aerospace and defense demand. Analyst Commentary Recent Street research on Astronics has been largely constructive, with several firms initiating coverage and lifting fair value estimates alongside higher price targets.
Analysis Article • Jan 05

Is Astronics (NASDAQ:ATRO) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Narrative Update • Dec 14

ATRO: In Seat Power Leadership Will Drive Substantial Future Share Upside

Astronics updated analyst price target has edged down by about $1.60 to roughly $61, as analysts balance slightly softer long term margin and growth assumptions with continued Buy ratings that highlight the company’s leading in seat power position, robust aerospace demand, and potential for earnings and multiple expansion over the next several years. Analyst Commentary Recent Street research remains broadly constructive on Astronics, with multiple initiations and target hikes underscoring confidence in the company’s earnings trajectory and competitive positioning, even as some macro and sector specific risks temper enthusiasm at the margin.
Narrative Update • Nov 29

ATRO: New Contract Wins And Market Share Gains Will Drive Substantial Share Upside

Astronics' analyst price target has been raised from $60.67 to $62.75, reflecting increased conviction among analysts. This change is based on forecasts for strong revenue growth and margin expansion, supported by recent industry research coverage and favorable market dynamics.
Narrative Update • Nov 15

ATRO: Multiple New Contract Wins Will Drive Share Performance Ahead

The consensus analyst price target for Astronics has increased from $54.33 to $60.67, a boost of over $6 per share. Analysts point to stronger anticipated revenue growth, improved profit margins, and positive trends in aerospace demand as justifications for the higher valuation.
Narrative Update • Oct 25

Aerospace Demand And Travel Trends Will Lift Supplier Performance Ahead

Astronics’ analyst fair value estimate has increased from $51.33 to $54.33 per share. Analysts cite improving aerospace demand, favorable supplier positioning, and strong growth tailwinds as contributing factors.
Narrative Update • Oct 11

Boeing And Airbus Ramps Will Drive Aerospace Connectivity

Astronics' analyst price target has been raised significantly from $47 to approximately $51.33. Analysts cite strong aerospace and defense exposure, promising contract opportunities, and robust growth potential as supporting factors for this upward revision.
Analysis Article • Oct 01

Astronics Corporation (NASDAQ:ATRO) Surges 25% Yet Its Low P/S Is No Reason For Excitement

Astronics Corporation ( NASDAQ:ATRO ) shares have continued their recent momentum with a 25% gain in the last month...
Narrative Update • Sep 21

Boeing And Airbus Ramps Will Drive Aerospace Connectivity

Astronics' fair value has been revised upward as the consensus price target and future P/E ratio both increased, reflecting improved growth expectations, with the target rising from $41.50 to $47.00. What's in the News Astronics completed a share repurchase program, buying 310,042 shares for $8.49 million, representing 1% of shares under the buyback announced in 2019.
Narrative Update • Sep 06

Boeing And Airbus Ramps Will Drive Aerospace Connectivity

The substantial rise in net profit margin and sharp decline in future P/E multiple indicate markedly improved earnings outlook and valuation for Astronics, supporting the increase in the consensus analyst price target from $38.58 to $41.50. What's in the News Astronics raised the lower end of its 2025 revenue guidance to $840–$860 million, with the revised midpoint representing a 6.9% increase over 2024 sales.
Analysis Article • Jun 12

Does Astronics (NASDAQ:ATRO) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • May 16

We Take A Look At Why Astronics Corporation's (NASDAQ:ATRO) CEO Has Earned Their Pay Packet

Key Insights Astronics will host its Annual General Meeting on 22nd of May Total pay for CEO Peter Gundermann includes...
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New Narrative • May 09

Record Aerospace Bookings And Operational Savings Will Secure Lasting Performance

Record bookings and strong Aerospace performance indicate potential for sustained revenue growth and improved earnings.
Analysis Article • May 08

Improved Revenues Required Before Astronics Corporation (NASDAQ:ATRO) Stock's 26% Jump Looks Justified

Despite an already strong run, Astronics Corporation ( NASDAQ:ATRO ) shares have been powering on, with a gain of 26...
Analysis Article • Apr 02

Astronics Corporation (NASDAQ:ATRO) Shares Could Be 40% Below Their Intrinsic Value Estimate

Key Insights The projected fair value for Astronics is US$41.01 based on 2 Stage Free Cash Flow to Equity Current share...
Analysis Article • Mar 06

The Market Lifts Astronics Corporation (NASDAQ:ATRO) Shares 36% But It Can Do More

Astronics Corporation ( NASDAQ:ATRO ) shares have continued their recent momentum with a 36% gain in the last month...
Analysis Article • Feb 23

Astronics (NASDAQ:ATRO) Could Be At Risk Of Shrinking As A Company

What financial metrics can indicate to us that a company is maturing or even in decline? Businesses in decline often...
Seeking Alpha • Feb 21

Astronics: Why I Remain Extremely Bullish

Summary Astronics' stock rebounded after issuing convertible notes, outperforming the S&P 500, and I maintain a strong buy rating with a $28 price target. Preliminary Q4 revenues of $208-$210 million met high-end guidance, indicating strong demand and a healthy book-to-bill ratio, with Boeing deliveries resuming. 2025 revenue outlook shows 3-8% growth, but litigation risks could impact free cash flow, potentially zeroing it through 2026 if the court sides with Lufthansa. Despite litigation risks, the increase in Boeing 737 MAX production is a growth driver, supporting a 48% upside for Astronics stock. Read the full article on Seeking Alpha
Analysis Article • Dec 02

Why Investors Shouldn't Be Surprised By Astronics Corporation's (NASDAQ:ATRO) Low P/S

Astronics Corporation's ( NASDAQ:ATRO ) price-to-sales (or "P/S") ratio of 0.7x might make it look like a buy right now...
Seeking Alpha • Nov 26

Astronics Stock Plunges On Convertible Note Offering: But Why?

Summary Astronics Corporation's $150 million convertible note offering led to a 15% stock price drop, reflecting shareholder concerns about potential dilution and future cash flow generation. The proceeds will repay a term loan maturing in 2027 and part of an upsized revolving credit facility, pushing debt maturity to 2030. The market's reaction suggests skepticism about Astronics' growth prospects and ability to generate shareholder value, given a 62.3% stock price decline over the past decade. Despite maintaining a buy rating, I acknowledge elevated risks and uncertainties regarding ATRO's future cash flow and financial health. Read the full article on Seeking Alpha
Analysis Article • Nov 13

Is Astronics (NASDAQ:ATRO) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Seeking Alpha • Aug 18

Astronics: Improving, Gradually However

Summary Astronics is a supplier to the wider aerospace industry, one which struggled in recent years after it was a darling in the 2010s. After years of struggles, Astronics has shown modest improvements with double-digit sales growth, but profitability is still lagging, but improving nonetheless. The company has struggled with losses in its test segment, but improvements are seen, including a $215 million US Army contract. Shares have settled around $19, with gradual improvements expected, making it a potential buy for a modest position. Read the full article on Seeking Alpha
Analysis Article • Jul 17

Investors Holding Back On Astronics Corporation (NASDAQ:ATRO)

When close to half the companies operating in the Aerospace & Defense industry in the United States have price-to-sales...
Seeking Alpha • May 14

Astronics Q1 Review: Stock Is A Strong Buy

Summary Astronics Corporation sales grew by 18.2% in Q1, exceeding guidance, with strong growth in aerospace sales. Gross margins increased from 17.6% to 18.5% due to volume and price increases. Astronics has strong near-term demand, a front-loaded backlog, and opportunities for growth in the aerospace segment. Read the full article on Seeking Alpha
Analysis Article • May 02

Astronics Corporation's (NASDAQ:ATRO) CEO Compensation Is Looking A Bit Stretched At The Moment

Key Insights Astronics' Annual General Meeting to take place on 8th of May Salary of US$606.3k is part of CEO Peter...
Seeking Alpha • Feb 29

Astronics: A Buy On Margin And Volume Growth In Aerospace

Summary Astronics Corporation stock has surged nearly 27.5% since October 2023, outperforming the market. The company's exposure to various end markets and its dominant market share in in-seat power systems are positive factors. Astronics exceeded its top line expectations in Q4 2023, with sales growing 23.5% YoY, driven by higher OEM build rates and airline budgets. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NasdaqGS:ATRO - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20281,074N/AN/AN/A1
12/31/20271,056109941365
12/31/2026971109691085
12/31/2025862294375N/A
9/27/2025831-35174N/A
6/28/2025823-43648N/A
3/29/2025816-44049N/A
12/31/2024795-162231N/A
9/28/2024782-6-42N/A
6/29/2024741-12-14-7N/A
3/30/2024718-25-10-3N/A
12/31/2023689-26-32-24N/A
9/30/2023652-40-21-11N/A
7/1/2023621-38-48-39N/A
4/1/2023575-37-56-48N/A
12/31/2022535-36-36-28N/A
10/1/2022493-27-32-26N/A
7/2/2022473-20-18-14N/A
4/2/2022455-17-42N/A
12/31/2021445-26-12-6N/A
10/2/2021444-47-19-13N/A
7/3/2021438-45-14-7N/A
4/3/2021451-6117N/A
12/31/2020503-1163037N/A
9/26/2020586-1303544N/A
6/27/2020657-1236675N/A
3/28/2020722-934355N/A
12/31/2019773523143N/A
9/28/201977799N/A70N/A
6/29/2019813114N/A56N/A
3/30/2019832122N/A67N/A
12/31/201880347N/A55N/A
9/29/201877229N/A31N/A
6/30/201870918N/A41N/A
3/31/201865111N/A30N/A
12/31/201762420N/A38N/A
9/30/201760735N/A46N/A
7/1/201761341N/A30N/A
4/1/201762649N/A55N/A
12/31/201663348N/A49N/A
10/1/201663652N/A60N/A
7/2/201668165N/A81N/A
4/2/201669068N/A52N/A
12/31/201569267N/A79N/A
10/3/201570172N/A74N/A
7/4/201568064N/A98N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATRO's forecast earnings growth (48.1% per year) is above the savings rate (3.5%).

Earnings vs Market: ATRO's earnings (48.1% per year) are forecast to grow faster than the US market (16.4% per year).

High Growth Earnings: ATRO's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ATRO's revenue (7.3% per year) is forecast to grow slower than the US market (11.4% per year).

High Growth Revenue: ATRO's revenue (7.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if ATRO's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 22:09
End of Day Share Price 2026/05/07 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Astronics Corporation is covered by 9 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kenneth HerbertCanaccord Genuity
Jonathan TanwantengCJS Securities, Inc.
Gregory PalmCraig-Hallum Capital Group LLC