Cantor Fitzgerald Predicts Redwire FY2025 Earnings

Redwire Co. (NYSE:RDW) – Equities researchers at Cantor Fitzgerald issued their FY2025 earnings estimates for shares of Redwire in a research note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst A. Sheppard anticipates that the company will post earnings per share of ($0.24) for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $6.00 price objective on the stock. The consensus estimate for Redwire’s current full-year earnings is ($0.84) per share.

A number of other analysts have also recently commented on the stock. Roth Mkm upped their price target on shares of Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, November 8th. HC Wainwright raised their price target on Redwire from $18.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, B. Riley lowered Redwire from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $8.00 to $9.50 in a research note on Tuesday, October 29th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.46.

Redwire Trading Down 3.0 %

Redwire stock opened at $21.66 on Wednesday. The business’s 50 day simple moving average is $14.10 and its 200 day simple moving average is $9.58. Redwire has a 12 month low of $2.76 and a 12 month high of $22.50. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -17.90 and a beta of 2.17.

Hedge Funds Weigh In On Redwire

A number of large investors have recently modified their holdings of RDW. Arkadios Wealth Advisors purchased a new stake in Redwire during the 4th quarter valued at about $165,000. The Manufacturers Life Insurance Company purchased a new stake in Redwire during the 2nd quarter valued at $74,000. Vontobel Holding Ltd. bought a new stake in Redwire in the 3rd quarter worth $74,000. AQR Capital Management LLC bought a new position in shares of Redwire during the second quarter valued at about $89,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of Redwire by 129.1% during the third quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock worth $97,000 after purchasing an additional 7,921 shares during the period. 8.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Redwire

In other news, major shareholder Park Lp Genesis II sold 5,371 shares of Redwire stock in a transaction 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 of the company’s stock, valued at approximately $82,810,988.56. The trade was a 0.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 267,656 shares of company stock valued at $4,721,852. 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.