Equities Analysts Offer Predictions for LUNR FY2024 Earnings

Intuitive Machines, Inc. (NASDAQ:LUNR) – Equities researchers at Cantor Fitzgerald issued their FY2024 earnings estimates for shares of Intuitive Machines in a research report issued to clients and investors on Tuesday, March 25th. Cantor Fitzgerald analyst A. Sheppard forecasts that the company will post earnings per share of ($4.63) for the year. Cantor Fitzgerald has a “Overweight” rating and a $13.00 price target on the stock. The consensus estimate for Intuitive Machines’ current full-year earnings is $0.73 per share. Cantor Fitzgerald also issued estimates for Intuitive Machines’ FY2025 earnings at ($0.32) EPS.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.12. The business had revenue of $54.66 million during the quarter, compared to the consensus estimate of $72.58 million.

A number of other research firms also recently issued reports on LUNR. Bank of America assumed coverage on Intuitive Machines in a report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intuitive Machines in a research report on Tuesday, February 25th. They issued a “hold” rating and a $18.00 price target for the company. Benchmark restated a “buy” rating and set a $16.00 price objective on shares of Intuitive Machines in a report on Tuesday. Canaccord Genuity Group reduced their price objective on shares of Intuitive Machines from $22.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Roth Capital set a $20.00 target price on shares of Intuitive Machines in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Intuitive Machines has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Intuitive Machines Stock Performance

Shares of LUNR opened at $8.27 on Thursday. The firm has a market cap of $1.16 billion, a PE ratio of -2.81 and a beta of 1.01. Intuitive Machines has a 52-week low of $3.15 and a 52-week high of $24.95. The business’s 50 day moving average price is $15.49 and its two-hundred day moving average price is $12.90.

Institutional Investors Weigh In On Intuitive Machines

Several institutional investors have recently made changes to their positions in the stock. Quarry LP bought a new position in shares of Intuitive Machines in the fourth quarter valued at approximately $44,000. Jones Financial Companies Lllp boosted its holdings in Intuitive Machines by 751.3% in the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company’s stock valued at $70,000 after purchasing an additional 3,381 shares during the period. The Manufacturers Life Insurance Company purchased a new position in shares of Intuitive Machines during the 3rd quarter valued at $85,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Intuitive Machines by 201.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock worth $90,000 after purchasing an additional 3,300 shares during the period. Finally, Ancora Advisors LLC purchased a new stake in shares of Intuitive Machines in the fourth quarter worth $91,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, insider Steven Vontur sold 4,528 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total transaction of $88,748.80. Following the sale, the insider now directly owns 104,272 shares of the company’s stock, valued at $2,043,731.20. This represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the completion of the transaction, the director now directly owns 3,494,768 shares of the company’s stock, valued at approximately $64,128,992.80. This trade represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 391,767 shares of company stock worth $7,233,038. Insiders own 73.68% of the company’s stock.

Intuitive Machines Company Profile

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.