Here's Why You Should Add Astronics Stock to Your Portfolio Right Now

Astronics Corporation ATRO, with rising earnings estimates, low debt, high liquidity and a rising backlog, offers a great investment opportunity in the Zacks Aerospace Defense Equipment industry.Let’s focus on the reasons that make this Zacks Rank #1 (Strong Buy) stock an attractive investment pick at the moment.Growth Projections & Surprise History of ATROThe Zacks Consensus Estimate for Astronics’ 2025 earnings per share (EPS) has increased 17.3% to $1.29 in the past 30 days and indicates year-over-year growth of 18.4%.The consensus estimate for ATRO’s 2025 total revenues is pinned at $829.5 million, which indicates year-over-year growth of 4.3%.It delivered an earnings surprise of 128.57% in the last reported quarter.Astronics’ Debt PositionCurrently, the company’s total debt to capital is 39.7%, better than the industry’s average of 53.5%.ATRO’s LiquidityAstronics’ current ratio at the end of the fourth quarter was 2.73. A current ratio of greater than one indicates the company’s ability to meet its future short-term liabilities without difficulties.ATRO’s ROEROE indicates how efficiently a company has been utilizing its funds to generate higher returns. Currently, ATRO’s ROE is 10.79% compared with its industry’s average of 9.79%. This indicates that the company has been utilizing its funds more constructively than its peers in the industry.Rising Backlog for AstronicsAstronics had an excellent backlog of $599.2 million as of Dec. 31, 2024, up from $592.3 million at the end of 2023. Such significant backlog trends boost the company's revenue-generating possibilities for the following quarters.ATRO Stock Price PerformanceShares of ATRO have gained 22.8% in the past month compared with the industry’s 8.1% growth.Image Source: Zacks Investment ResearchOther Stocks to ConsiderOther top-ranked stocks from the same sector are Mercury Systems MRCY, Triumph Group TGI and Leidos Holdings, Inc. LDOS. Each of these stocks currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Mercury Systems has a long-term earnings growth rate of 13.2%. The Zacks Consensus Estimate for MRCY’s fiscal 2025 sales is pinned at $878.8 million, which indicates year-over-year growth of 5.2%.Triumph Group delivered an average earnings surprise of 159.38% in the last four quarters. The Zacks Consensus Estimate for TGI’s fiscal 2026 sales is pinned at $1.32 billion, which indicates growth of 11.5% from the fiscal 2025 estimated figure.Leidos Holdings has a long-term earnings growth rate of 7.4%. The Zacks Consensus Estimate for LDOS’ 2025 sales is pinned at $17.1 billion, which indicates year-over-year growth of 2.6%.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Triumph Group, Inc. (TGI): Free Stock Analysis Report Astronics Corporation (ATRO): Free Stock Analysis Report Leidos Holdings, Inc. (LDOS): Free Stock Analysis Report Mercury Systems Inc (MRCY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks