Redwire (NYSE:RDW) Issues Quarterly Earnings Results

Redwire (NYSE:RDW - Get Free Report) posted its quarterly earnings data on Monday. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.48), Zacks reports. The firm 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 Price Performance

Shares of RDW stock traded up $0.99 during trading hours on Friday, reaching $10.37. 917,997 shares of the company's stock were exchanged, compared to its average volume of 812,807. The company's 50 day moving average is $18.05 and its two-hundred day moving average is $12.64. The company has a market cap of $690.03 million, a P/E ratio of -8.57 and a beta of 2.33. Redwire has a 1 year low of $3.17 and a 1 year high of $26.66.

Analysts Set New Price Targets

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

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Insiders Place Their Bets

In other news, major shareholder Park Lp Genesis II sold 5,371 shares of Redwire stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $18.01, for a total transaction of $96,731.71. Following the completion of the sale, the insider now directly owns 4,598,056 shares in the company, valued at approximately $82,810,988.56. This trade represents a 0.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 684,454 shares of company stock worth $13,682,993. 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.