Redwire (NYSE:RDW) Posts Earnings Results, Misses Estimates By $0.48 EPS

Redwire (NYSE:RDW) announced its earnings results on Monday. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.48), Zacks reports.

Redwire Price Performance

Shares of NYSE RDW traded down $0.77 during mid-day trading on Monday, hitting $11.29. The company had a trading volume of 2,376,165 shares, compared to its average volume of 778,776. The business’s 50-day simple moving average is $18.58 and its 200-day simple moving average is $12.63. The firm has a market cap of $751.05 million, a P/E ratio of -9.33 and a beta of 2.33. Redwire has a 12 month low of $3.00 and a 12 month high of $26.66.

Wall Street Analyst Weigh In

RDW has been the subject of a number of analyst reports. HC Wainwright boosted their price objective on shares of Redwire from $18.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. B. Riley raised Redwire from a “neutral” rating to a “buy” rating and raised their price target for the company from $9.50 to $27.00 in a research report on Monday, January 27th. Finally, Cantor Fitzgerald started coverage on Redwire in a research report on Friday, January 24th. They set an “overweight” rating and a $28.00 price objective for the company. Six analysts have rated the stock with a buy rating, According to MarketBeat, Redwire has an average rating of “Buy” and a consensus price target of $18.04.

Insiders Place Their Bets

In other news, major shareholder Park Lp Genesis II sold 5,371 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.01, for a total value of $96,731.71. Following the completion of the transaction, the insider now owns 4,598,056 shares in the company, valued at approximately $82,810,988.56. This represents a 0.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 684,454 shares of company stock worth $13,682,993. 2.60% of the stock is currently owned by company insiders.

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.