FY2025 EPS Estimates for Rocket Lab USA Decreased by Analyst

Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) - Analysts at Cantor Fitzgerald lowered their FY2025 earnings estimates for Rocket Lab USA in a note issued to investors on Tuesday, June 10th. Cantor Fitzgerald analyst A. Sheppard now forecasts that the rocket manufacturer will earn ($0.39) per share for the year, down from their prior forecast of ($0.35). Cantor Fitzgerald has a "Overweight" rating and a $35.00 price target on the stock. The consensus estimate for Rocket Lab USA's current full-year earnings is ($0.38) per share. Cantor Fitzgerald also issued estimates for Rocket Lab USA's FY2026 earnings at ($0.10) EPS.

A number of other equities analysts have also weighed in on the company. Roth Capital lifted their price objective on Rocket Lab USA from $25.00 to $35.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Wells Fargo & Company lowered their price objective on Rocket Lab USA from $21.00 to $18.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group boosted their target price on Rocket Lab USA from $14.35 to $16.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Citigroup reduced their price target on shares of Rocket Lab USA from $35.00 to $33.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Finally, TD Cowen raised shares of Rocket Lab USA to a "strong-buy" rating in a research report on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Rocket Lab USA has a consensus rating of "Moderate Buy" and a consensus target price of $26.18.

Rocket Lab USA Stock Performance

RKLB stock traded down $0.96 during midday trading on Thursday, reaching $26.40. The stock had a trading volume of 12,865,806 shares, compared to its average volume of 17,032,583. The stock has a market cap of $11.97 billion, a PE ratio of -71.35 and a beta of 2.08. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.16 and a current ratio of 2.58. The firm has a fifty day simple moving average of $23.20 and a two-hundred day simple moving average of $23.77. Rocket Lab USA has a 52-week low of $4.20 and a 52-week high of $33.34.

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The rocket manufacturer reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.02). The business had revenue of $122.57 million during the quarter, compared to analyst estimates of $120.74 million. Rocket Lab USA had a negative return on equity of 39.47% and a negative net margin of 51.76%. The firm's revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.09) EPS.

Hedge Funds Weigh In On Rocket Lab USA

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Rocket Lab USA by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer's stock worth $715,728,000 after purchasing an additional 3,833,969 shares during the last quarter. FMR LLC increased its position in shares of Rocket Lab USA by 30,853.3% in the 4th quarter. FMR LLC now owns 3,696,136 shares of the rocket manufacturer's stock worth $94,141,000 after purchasing an additional 3,684,195 shares during the last quarter. Two Sigma Advisers LP bought a new stake in shares of Rocket Lab USA in the 4th quarter worth about $72,623,000. BNP Paribas Financial Markets bought a new stake in shares of Rocket Lab USA in the 4th quarter worth about $56,977,000. Finally, Two Sigma Investments LP bought a new stake in shares of Rocket Lab USA in the 4th quarter worth about $47,074,000. Institutional investors and hedge funds own 71.78% of the company's stock.

Insiders Place Their Bets

In other news, insider Frank Klein sold 44,885 shares of Rocket Lab USA stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $26.66, for a total transaction of $1,196,634.10. Following the completion of the sale, the insider now directly owns 1,370,190 shares in the company, valued at approximately $36,529,265.40. This trade represents a 3.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Arjun Kampani sold 28,988 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $26.66, for a total transaction of $772,820.08. Following the transaction, the insider now directly owns 540,618 shares of the company's stock, valued at approximately $14,412,875.88. This trade represents a 5.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 144,677 shares of company stock valued at $3,517,479. 13.70% of the stock is owned by company insiders.

Rocket Lab USA Company Profile

Rocket Lab USA, Inc, a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.