Redwire (RDW) Scheduled to Post Earnings on Wednesday

Redwire (NYSE:RDW - Get Free Report) is set to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter.

Redwire (NYSE:RDW - Get Free Report) 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 company had revenue of $78.11 million for the quarter, compared to analyst estimates 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 Down 2.7 %

Shares of NYSE RDW traded down $0.21 during midday trading on Thursday, reaching $7.69. The company's stock had a trading volume of 403,204 shares, compared to its average volume of 332,780. The company has a 50 day moving average price of $7.16 and a 200 day moving average price of $6.19. Redwire has a one year low of $2.35 and a one year high of $9.36. The company has a market cap of $511.66 million, a price-to-earnings ratio of -7.77 and a beta of 1.96.

Analyst Ratings Changes

A number of research firms have recently issued reports on RDW. Alliance Global Partners boosted their price target on shares of Redwire from $7.00 to $8.25 and gave the company a "buy" rating in a report on Tuesday, July 30th. B. Riley lowered shares of Redwire from a "buy" rating to a "neutral" rating and boosted their price target for the company from $8.00 to $9.50 in a report on Tuesday. Finally, 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Redwire currently has a consensus rating of "Moderate Buy" and an average 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.