Virgin Galactic (SPCE) to Release Quarterly Earnings on Wednesday

Virgin Galactic (NYSE:SPCE - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Virgin Galactic to post earnings of ($4.10) per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Virgin Galactic (NYSE:SPCE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($4.36) EPS for the quarter, beating the consensus estimate of ($5.40) by $1.04. The business had revenue of $4.22 million during the quarter, compared to analysts' expectations of $3.50 million. Virgin Galactic had a negative return on equity of 83.64% and a negative net margin of 3,764.43%. During the same period last year, the firm earned ($9.20) EPS. On average, analysts expect Virgin Galactic to post $-19 EPS for the current fiscal year and $-9 EPS for the next fiscal year.

Virgin Galactic Price Performance

Shares of SPCE traded down $0.56 during trading hours on Wednesday, reaching $6.79. The company had a trading volume of 1,666,333 shares, compared to its average volume of 1,321,155. The firm has a 50 day simple moving average of $6.55 and a 200-day simple moving average of $10.52. Virgin Galactic has a 12-month low of $5.26 and a 12-month high of $54.60. The company has a current ratio of 4.71, a quick ratio of 4.71 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $193.41 million, a price-to-earnings ratio of -0.30 and a beta of 1.71.

Wall Street Analysts Forecast Growth

SPCE has been the subject of several recent research reports. The Goldman Sachs Group dropped their target price on shares of Virgin Galactic from $53.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday, October 10th. Morgan Stanley dropped their price objective on Virgin Galactic from $35.00 to $5.00 and set an "underweight" rating for the company in a research report on Tuesday, September 17th. Finally, Susquehanna decreased their price target on shares of Virgin Galactic from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $25.50.

Virgin Galactic Company Profile

Virgin Galactic Holdings, Inc, an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. The company engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies.