Redwire (RDW) Expected to Announce Earnings on Monday

Redwire (NYSE:RDW) is expected to be releasing its earnings data before the market opens on Monday, March 10th. Analysts expect Redwire to post earnings of ($0.18) per share and revenue of $74.55 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Redwire Price Performance

Shares of RDW opened at $12.10 on Friday. Redwire has a one year low of $2.98 and a one year high of $26.66. The firm has a market capitalization of $805.28 million, a P/E ratio of -10.00 and a beta of 2.33. The business has a fifty day moving average of $18.58 and a 200 day moving average of $12.54.

Insider Buying and Selling at Redwire

In other news, major shareholder Park Lp Genesis II sold 5,371 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $18.01, for a total value of $96,731.71. Following the transaction, the insider now directly owns 4,598,056 shares in the company, valued at $82,810,988.56. The trade was a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders sold 684,454 shares of company stock valued at $13,682,993. Company insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RDW. HC Wainwright lifted their price objective on Redwire from $18.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Roth Mkm lifted their price objective on Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Cantor Fitzgerald started coverage on Redwire in a report on Friday, January 24th. They set an “overweight” rating and a $28.00 price target for the company. Finally, B. Riley raised Redwire from a “neutral” rating to a “buy” rating and boosted their price target for the company from $9.50 to $27.00 in a report on Monday, January 27th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $18.04.

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.