Redwire (RDW) to Release Quarterly Earnings on Wednesday

Redwire (NYSE:RDW) is scheduled to 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. Parties interested in registering for the company’s conference call can do so using this link.

Redwire (NYSE:RDW) last released its earnings results on Wednesday, August 7th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.15). The business had revenue of $78.11 million for the quarter, compared to analysts’ expectations 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 3.4 %

Shares of Redwire stock traded up $0.26 during trading on Tuesday, hitting $7.91. 139,522 shares of the stock were exchanged, compared to its average volume of 332,545. Redwire has a 1-year low of $2.35 and a 1-year high of $9.36. The stock has a market capitalization of $526.33 million, a price-to-earnings ratio of -8.09 and a beta of 1.93. The company has a fifty day moving average price of $7.21 and a 200-day moving average price of $6.29.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. B. Riley lowered shares of Redwire from a “buy” rating to a “neutral” rating and raised their price target for the company from $8.00 to $9.50 in a research report on Tuesday, October 29th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $6.00 price objective on shares of Redwire in a research note on Monday, September 30th. Finally, Alliance Global Partners boosted their price target on shares of Redwire from $7.00 to $8.25 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.