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

Redwire (NYSE:RDW - Get Free Report) posted its earnings results on Monday. The company reported ($0.66) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.48), Zacks reports. The company had revenue of $69.56 million during the quarter, compared to analyst estimates of $74.55 million. Redwire updated its FY 2025 guidance to EPS.

Redwire Stock Up 10.6 %

Shares of NYSE:RDW traded up $0.99 during trading on Friday, reaching $10.37. 917,997 shares of the company traded hands, compared to its average volume of 812,807. Redwire has a 52 week low of $3.17 and a 52 week high of $26.66. The firm has a market capitalization of $690.03 million, a PE ratio of -8.57 and a beta of 2.33. The company's 50 day moving average is $18.05 and its two-hundred day moving average is $12.64.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on RDW. Alliance Global Partners restated a "buy" rating on shares of Redwire in a research note on Tuesday. B. Riley reduced their price objective on Redwire from $27.00 to $25.00 and set a "neutral" rating for the company in a report on Wednesday. Cantor Fitzgerald reiterated an "overweight" rating and set a $28.00 target price on shares of Redwire in a research note on Tuesday. Finally, HC Wainwright reissued a "buy" rating and set a $26.00 price target on shares of Redwire in a report on Wednesday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $17.71.

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Insider Activity at Redwire

In other Redwire news, major shareholder Park Lp Genesis II sold 10,115 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $24.11, for a total value of $243,872.65. Following the sale, the insider now owns 3,644,566 shares of the company's stock, valued at approximately $87,870,486.26. This trade represents a 0.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 684,454 shares of company stock valued at $13,682,993 over the last quarter. 2.60% of the stock is owned by corporate insiders.

About Redwire

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.