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

Core Viewpoint - Astronics Corporation (ATRO) presents a strong investment opportunity in the Aerospace Defense Equipment industry due to rising earnings estimates, low debt levels, high liquidity, and an increasing backlog [1] Growth Projections & Surprise History - The Zacks Consensus Estimate for Astronics' 2025 earnings per share (EPS) has risen by 6.4% to $1.17 over the past 60 days, reflecting a 129.4$837.8 million, indicating a growth of 7.6% from the 2024 estimate [2] - Astronics achieved an earnings surprise of 94.44% in the last reported quarter [2] Debt Position - The company's total debt to capital ratio stands at 41.8%, which is better than the industry average of 54.02% [3] Liquidity - Astronics' current ratio at the end of the third quarter was 2.83, indicating a strong ability to meet future short-term liabilities [4] Rising Backlog - As of September 28, 2024, Astronics reported a backlog of $611.9 million, an increase from$586.6 million at the end of 2023, enhancing revenue-generating potential for upcoming quarters [5] Stock Price Performance - ATRO shares have decreased by 1.7% over the past month, compared to a 2.5% decline in the industry [6] Other Stocks to Consider - Other notable stocks in the same industry include Mercury Systems (MRCY), Triumph Group (TGI), and Leonardo DRS, Inc. (DRS), with Triumph Group currently holding a Zacks Rank of 1 [7]