Virgin Galactic (NYSE:SPCE) Releases Quarterly Earnings Results, Beats Estimates By $1.12 EPS

Virgin Galactic (NYSE:SPCE - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported ($2.53) EPS for the quarter, topping analysts' consensus estimates of ($3.65) by $1.12, Zacks reports. Virgin Galactic had a negative return on equity of 88.09% and a negative net margin of 3,975.27%. The firm had revenue of $0.43 million for the quarter, compared to analysts' expectations of $0.38 million.

Virgin Galactic Stock Down 0.9 %

Shares of SPCE traded down $0.04 during mid-day trading on Friday, reaching $3.80. The company had a trading volume of 1,610,175 shares, compared to its average volume of 1,826,643. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.52 and a current ratio of 4.52. The firm has a 50-day moving average price of $5.09 and a 200 day moving average price of $6.08. Virgin Galactic has a 52 week low of $3.60 and a 52 week high of $36.60. The company has a market capitalization of $109.58 million, a price-to-earnings ratio of -0.22 and a beta of 1.74.

About Virgin Galactic

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.