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Astronics Corporation Class B
(OTC:ATROB)
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Rating:66Neutral
Price Target:
$75.00
▼(-1.83% Downside)
Action:N/A
Date:09/24/26
The score is driven primarily by improved operating performance and cash flow, reinforced by an upbeat earnings call with raised revenue guidance, strong backlog, and ongoing deleveraging. These positives are moderated by elevated balance-sheet leverage and a weak technical setup (price below key moving averages with negative MACD), while the high P/E and lack of dividend yield constrain the valuation component.
Positive Factors
Raised revenue outlook and sustained growth
The raised outlook and strong quarterly growth indicate broadening demand across Astronics’ aerospace and defense programs. Crossing $1 billion in expected annual revenue would expand operating scale, improve fixed-cost absorption, and support continued investment in engineered products and customer programs.
Negative Factors
Elevated leverage limits financial flexibility
Although debt has declined, leverage remains high relative to the equity base, leaving Astronics more sensitive to earnings volatility and execution setbacks. A heavier debt burden can constrain capital allocation, increase financing dependence, and slow the pace at which cash flow can be reinvested in growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Raised revenue outlook and sustained growth
The raised outlook and strong quarterly growth indicate broadening demand across Astronics’ aerospace and defense programs. Crossing $1 billion in expected annual revenue would expand operating scale, improve fixed-cost absorption, and support continued investment in engineered products and customer programs.
Read all positive factors
Astronics Corporation Class B (ATROB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.95B
Dividend YieldN/A
Average Volume (3M)10.43K
Price to Earnings (P/E)33.9
Beta (1Y)0.76
Revenue Growth14.49%
EPS GrowthN/A
CountryUS
Employees2,700
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)2.04
Shares Outstanding6,901,080
10 Day Avg. Volume17,082
30 Day Avg. Volume10,425
Financial Highlights & Ratios
PEG Ratio-0.20
Price to Book (P/B)12.42
Price to Sales (P/S)2.02
P/FCF Ratio40.34
Enterprise Value/Market Cap1.23
Enterprise Value/Revenue3.85
Enterprise Value/Gross Profit11.83
Enterprise Value/Ebitda32.02
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.69
Revenue Forecast (FY)$1.02B
Astronics Corporation Class B Business Overview & Revenue Model
Company Description
Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. It operates in...
How the Company Makes Money
Astronics makes money primarily by selling engineered aerospace and defense components and systems, along with test and measurement equipment and associated services, to aircraft manufacturers, defense contractors, and aerospace operators/maintena...
Astronics Corporation Class B Earnings Call Summary
Earnings Call Date:Aug 11, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational momentum: record revenue, bookings and backlog, substantial margin expansion (adjusted EBITDA margin ~19.8%), raised full-year guidance above $1.0B, solid cash generation and strategic defense wins (MV-75 engineering booking and Army radio test production). Headwinds cited were manageable and largely transitory — tariff run-rate and timing of refunds, GEO-to-LEO disruption in a portion of connectivity business, ramp-related margin timing in Test Systems, ongoing labor/retention friction, and some M&A/integration and legal uncertainties. Overall, the positive metrics and guidance substantially outweighed the challenges described.Positive Updates
Record Quarterly Revenue and Raised Guidance
Q2 sales reached a record $260.0M, up 27% year-over-year. Management raised full-year 2026 revenue guidance to $1.02B–$1.04B, marking the first time the company expects to cross the $1.0B threshold.
Negative Updates
Ongoing Tariff Headwinds and Uncertain Refund Timing
A $2.0M IEEPA tariff refund aided Q2 margins (~70 bps), but management estimates an ongoing tariff run-rate of roughly $3M–$4M per quarter at current volumes. An estimated $6M–$8M of future refunds is expected but timing remains uncertain.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Quarterly Revenue and Raised Guidance
Q2 sales reached a record $260.0M, up 27% year-over-year. Management raised full-year 2026 revenue guidance to $1.02B–$1.04B, marking the first time the company expects to cross the $1.0B threshold.
Read all positive updates
Company Guidance
Management raised full‑year 2026 revenue guidance to $1.02–$1.04 billion (crossing $1.0B), with Q3 sales guided to $265–$275 million and Q4 revenue expected to improve modestly; they target continued margin expansion with adjusted EBITDA near 20% (Q2 was 19.8% / $51.5M) and adjusted operating margins moving into the high‑teens (Q2 adj. operating margin 16.6%), aided by the $44.7M 4549 Army production order (ramping to full‑rate by exit‑Q4 and expected to support deliveries ~18 months with similar orders for 4–5 years) and ~ $35M of 2026 revenue from MV‑75 FLRAA engineering work. Liquidity and cash metrics include Q2 cash from operations $30.1M, available liquidity $253.2M, long‑term debt $310.3M (down $24.1M YTD), CapEx guidance $40–$45M for the year (YTD $16.9M; Q2 $5.7M) and an expectation to be free cash flow positive for the remainder of 2026; other forward items noted were R&D running about $10–$12M per quarter, potential IEEPA tariff refunds of ~$6–$8M (timing uncertain) versus an estimated tariff run‑rate of $3–$4M/quarter, and the potential to release an additional $40–$50M of valuation allowance if sufficient future taxable income is evidenced.Astronics Corporation Class B Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
52
Neutral
Cash Flow
69
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 942.09M | 862.13M | 795.43M | 689.21M | 534.89M | 444.91M |
| Gross Profit | 306.51M | 258.16M | 168.34M | 120.80M | 71.54M | 65.36M |
| EBITDA | 113.19M | 66.34M | 16.60M | -207.00K | -2.02M | -4.68M |
| Net Income | 79.12M | 29.36M | -16.21M | -26.42M | -35.75M | -25.58M |
Balance Sheet | ||||||
| Total Assets | 760.84M | 706.68M | 648.76M | 649.00M | 615.03M | 609.14M |
| Cash, Cash Equivalents and Short-Term Investments | 9.02M | 18.18M | 9.29M | 11.31M | 13.78M | 29.76M |
| Total Debt | 352.97M | 378.35M | 193.87M | 197.88M | 178.41M | 181.80M |
| Total Liabilities | 562.62M | 566.60M | 392.67M | 399.48M | 375.11M | 352.53M |
| Stockholders Equity | 198.22M | 140.07M | 256.10M | 249.52M | 239.92M | 256.60M |
Cash Flow | ||||||
| Free Cash Flow | 61.42M | 43.12M | 22.14M | -31.59M | -35.99M | -11.56M |
| Operating Cash Flow | 103.25M | 74.80M | 30.57M | -23.95M | -28.31M | -5.53M |
| Investing Cash Flow | -63.91M | -53.75M | -8.43M | -4.11M | 14.39M | 3.18M |
| Financing Cash Flow | -43.25M | -22.39M | -14.53M | 25.43M | -1.41M | -7.50M |
Astronics Corporation Class B Technical Analysis
Negative
76.40
Price Trends
73.82
Negative
76.37
Negative
73.00
Negative
Market Momentum
-1.68
Negative
45.06
Neutral
68.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATROB, the sentiment is Negative. The current price of 76.4 is above the 20-day moving average (MA) of 69.44, above the 50-day MA of 73.82, and above the 200-day MA of 73.00, indicating a bearish trend. The MACD of -1.68 indicates Negative momentum. The RSI at 45.06 is Neutral, neither overbought nor oversold. The STOCH value of 68.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ATROB.
Astronics Corporation Class B Risk Analysis
Astronics Corporation Class B disclosed 42 risk factors in its most recent earnings report. Astronics Corporation Class B reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Astronics Corporation Class B Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $12.08B | 31.55 | 18.00% | 0.32% | 15.65% | 78.52% | |
70 Outperform | $19.66B | 35.95 | 21.75% | 0.37% | 22.35% | 41.77% | |
67 Neutral | $19.97B | 37.87 | 20.69% | 0.18% | 10.54% | 22.56% | |
66 Neutral | $2.95B | 33.90 | 51.97% | ― | 14.49% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | $2.61B | -96.87 | -3.72% | 1.36% | 8.57% | -162.23% | |
57 Neutral | $5.05B | -164.03 | -2.01% | 3.82% | 7.85% | 22.99% |
* Industrials Sector Average
ATROB
Astronics Corporation Class B
68.43
20.27
42.09%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.