Terran Orbital Co. Expected to Earn Q2 2023 Earnings of ($0.28) Per Share (NYSE:LLAP)

Terran Orbital Co. (NYSE:LLAP – Get Rating) – B. Riley cut their Q2 2023 earnings per share estimates for Terran Orbital in a report issued on Tuesday, May 16th. B. Riley analyst M. Crawford now forecasts that the company will post earnings of ($0.28) per share for the quarter, down from their prior forecast of ($0.23). The consensus estimate for Terran Orbital’s current full-year earnings is ($0.68) per share. B. Riley also issued estimates for Terran Orbital’s Q3 2023 earnings at ($0.22) EPS, Q4 2023 earnings at ($0.15) EPS, FY2023 earnings at ($0.95) EPS, FY2024 earnings at ($0.28) EPS and FY2025 earnings at $0.54 EPS.

Other analysts also recently issued reports about the company. Stifel Nicolaus decreased their target price on Terran Orbital from $8.00 to $7.00 in a research report on Tuesday. Benchmark reiterated a “buy” rating and set a $12.00 target price on shares of Terran Orbital in a research report on Wednesday, March 22nd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Terran Orbital currently has an average rating of “Buy” and a consensus target price of $10.75.

Terran Orbital Price Performance

Terran Orbital stock opened at $1.50 on Thursday. Terran Orbital has a 1-year low of $1.29 and a 1-year high of $6.68. The company has a market cap of $217.53 million, a PE ratio of -1.46 and a beta of 1.84. The stock’s 50 day moving average price is $1.77 and its 200 day moving average price is $1.95.

Terran Orbital (NYSE:LLAP – Get Rating) last posted its quarterly earnings results on Tuesday, March 21st. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.10). The company had revenue of $31.92 million during the quarter, compared to analysts’ expectations of $30.80 million.

Hedge Funds Weigh In On Terran Orbital

A number of institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. acquired a new position in Terran Orbital in the first quarter valued at $93,000. Penserra Capital Management LLC acquired a new position in Terran Orbital in the first quarter valued at $29,000. Bank of America Corp DE acquired a new position in Terran Orbital in the first quarter valued at $69,000. Rhumbline Advisers acquired a new position in Terran Orbital in the second quarter valued at $151,000. Finally, Northern Trust Corp acquired a new position in Terran Orbital in the second quarter valued at $1,142,000. 76.83% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Beach Point Capital Management sold 172,800 shares of the business’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $3.02, for a total value of $521,856.00. Following the completion of the transaction, the insider now directly owns 628,709 shares of the company’s stock, valued at $1,898,701.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 30.90% of the stock is owned by company insiders.

Terran Orbital Company Profile

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Terran Orbital Corporation manufactures, owns, and operates satellites and related space-based solutions that provide earth observation, data and analytics to defense, intelligence, civil, and commercial end users in the United States. The company operates through two segments, Satellite Solutions and Earth Observation Solutions.