Virgin Galactic (SPCE) Set to Announce Earnings on Tuesday

Virgin Galactic (NYSE:SPCE) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.26) per share for the quarter. Virgin Galactic has set its Q1 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Virgin Galactic (NYSE:SPCE) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.05. The company had revenue of $2.81 million during the quarter, compared to analysts’ expectations of $2.99 million. Virgin Galactic had a negative return on equity of 102.01% and a negative net margin of 7,387.31%. On average, analysts expect Virgin Galactic to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Virgin Galactic Stock Up 7.5 %

Shares of SPCE opened at $0.95 on Monday. The stock’s fifty day moving average is $1.31 and its 200-day moving average is $1.77. Virgin Galactic has a one year low of $0.70 and a one year high of $6.17. The company has a debt-to-equity ratio of 0.83, a current ratio of 5.12 and a quick ratio of 5.03.

Analyst Ratings Changes

SPCE has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Virgin Galactic from $1.75 to $1.00 and set an “underweight” rating on the stock in a research report on Thursday, April 4th. Truist Financial dropped their target price on Virgin Galactic from $3.00 to $2.00 and set a “hold” rating on the stock in a report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $2.30.

Virgin Galactic Company Profile

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.