Redwire (RDW) to Release Quarterly Earnings on Wednesday

Redwire (NYSE:RDW) will be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect Redwire to post earnings of ($0.15) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Redwire (NYSE:RDW) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.15). The company had revenue of $78.11 million for the quarter, compared to the consensus estimate of $66.86 million. On average, analysts expect Redwire to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Redwire Trading Up 0.9 %

Shares of RDW opened at $7.76 on Monday. The firm has a market capitalization of $516.32 million, a price-to-earnings ratio of -7.92 and a beta of 1.92. The firm’s fifty day simple moving average is $7.20 and its 200-day simple moving average is $6.27. Redwire has a twelve month low of $2.35 and a twelve month high of $9.36.

Analyst Ratings Changes

A number of analysts recently issued reports on RDW shares. B. Riley cut Redwire from a “buy” rating to a “neutral” rating and upped their target price for the company from $8.00 to $9.50 in a research report on Tuesday, October 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $6.00 price objective on shares of Redwire in a report on Monday, September 30th. Finally, Alliance Global Partners lifted their target price on shares of Redwire from $7.00 to $8.25 and gave the company a “buy” rating in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Redwire currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.95.

Redwire Company Profile

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.