KeyCorp Estimates Rocket Lab USA FY2025 Earnings

Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) - Investment analysts at KeyCorp issued their FY2025 earnings per share estimates for shares of Rocket Lab USA in a research report issued to clients and investors on Tuesday, April 22nd. KeyCorp analyst M. Leshock forecasts that the rocket manufacturer will post earnings per share of ($0.17) for the year. KeyCorp has a "Overweight" rating and a $28.00 price target on the stock. The consensus estimate for Rocket Lab USA's current full-year earnings is ($0.38) per share.

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The rocket manufacturer reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.01). The business had revenue of $132.39 million for the quarter, compared to analyst estimates of $130.58 million. Rocket Lab USA had a negative return on equity of 39.47% and a negative net margin of 51.76%.

A number of other research firms have also recently weighed in on RKLB. Morgan Stanley increased their price objective on Rocket Lab USA from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. Needham & Company LLC began coverage on Rocket Lab USA in a report on Friday. They set a "buy" rating and a $28.00 price target for the company. The Goldman Sachs Group lifted their price objective on shares of Rocket Lab USA from $12.00 to $13.50 and gave the company a "neutral" rating in a research report on Thursday, January 16th. Citigroup cut their price objective on shares of Rocket Lab USA from $35.00 to $33.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Finally, Wells Fargo & Company lowered their target price on shares of Rocket Lab USA from $21.00 to $18.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $23.25.

Rocket Lab USA Stock Performance

Shares of RKLB traded up $0.50 during mid-day trading on Friday, hitting $22.38. 13,748,388 shares of the company's stock were exchanged, compared to its average volume of 15,507,341. The company has a current ratio of 2.58, a quick ratio of 2.16 and a debt-to-equity ratio of 0.97. Rocket Lab USA has a fifty-two week low of $3.66 and a fifty-two week high of $33.34. The business's 50 day moving average is $19.57 and its two-hundred day moving average is $21.24. The firm has a market capitalization of $10.15 billion, a P/E ratio of -60.48 and a beta of 2.08.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. purchased a new position in Rocket Lab USA during the third quarter worth $107,000. Udine Wealth Management Inc. acquired a new stake in shares of Rocket Lab USA during the fourth quarter valued at $1,342,000. Van ECK Associates Corp increased its position in Rocket Lab USA by 26.9% during the 4th quarter. Van ECK Associates Corp now owns 166,369 shares of the rocket manufacturer's stock worth $4,237,000 after purchasing an additional 35,293 shares in the last quarter. AlphaCentric Advisors LLC raised its stake in Rocket Lab USA by 66.7% in the 4th quarter. AlphaCentric Advisors LLC now owns 25,000 shares of the rocket manufacturer's stock valued at $637,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in Rocket Lab USA in the 4th quarter valued at about $1,281,000. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Rocket Lab USA

In other Rocket Lab USA news, insider Frank Klein sold 1,835 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $19.93, for a total value of $36,571.55. Following the sale, the insider now owns 1,417,644 shares of the company's stock, valued at $28,253,644.92. This represents a 0.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 13.70% of the stock is currently owned by insiders.

Rocket Lab USA Company Profile

Rocket Lab USA, Inc, a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.