Cantor Fitzgerald Comments on Rocket Lab USA FY2025 Earnings

Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) - Equities research analysts at Cantor Fitzgerald upped their FY2025 earnings estimates for shares of Rocket Lab USA in a research note issued on Monday, May 12th. Cantor Fitzgerald analyst A. Sheppard now expects that the rocket manufacturer will earn ($0.35) per share for the year, up from their prior estimate of ($0.36). The consensus estimate for Rocket Lab USA's current full-year earnings is ($0.38) per share.

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). Rocket Lab USA had a negative net margin of 51.76% and a negative return on equity of 39.47%. The firm had revenue of $122.57 million during the quarter, compared to analyst estimates of $120.74 million. During the same period in the prior year, the firm earned ($0.09) EPS. The business's quarterly revenue was up 32.1% on a year-over-year basis.

Several other research analysts have also weighed in on RKLB. Wells Fargo & Company cut their target price on Rocket Lab USA from $21.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $28.00 price objective on shares of Rocket Lab USA in a research note on Tuesday. Morgan Stanley increased their target price on shares of Rocket Lab USA from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. TD Cowen upgraded shares of Rocket Lab USA to a "strong-buy" rating in a research note on Monday, February 24th. Finally, The Goldman Sachs Group boosted their price objective on shares of Rocket Lab USA from $14.35 to $16.00 and gave the stock a "neutral" rating in a research note on Monday. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $23.50.

Rocket Lab USA Trading Up 1.4%

Shares of NASDAQ:RKLB traded up $0.35 during midday trading on Wednesday, reaching $25.57. The company's stock had a trading volume of 23,678,845 shares, compared to its average volume of 15,827,978. The firm has a market cap of $11.60 billion, a price-to-earnings ratio of -69.11 and a beta of 2.04. The business has a 50 day moving average price of $20.04 and a 200 day moving average price of $22.31. Rocket Lab USA has a 1 year low of $4.15 and a 1 year high of $33.34. The company has a quick ratio of 2.16, a current ratio of 2.58 and a debt-to-equity ratio of 0.97.

Institutional Investors Weigh In On Rocket Lab USA

Hedge funds have recently bought and sold shares of the business. SeaCrest Wealth Management LLC acquired a new stake in shares of Rocket Lab USA in the 4th quarter valued at about $754,000. Smith Anglin Financial LLC grew its holdings in shares of Rocket Lab USA by 10.3% during the fourth quarter. Smith Anglin Financial LLC now owns 11,746 shares of the rocket manufacturer's stock valued at $299,000 after purchasing an additional 1,096 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Rocket Lab USA during the 4th quarter worth approximately $1,758,000. Connective Portfolio Management LLC acquired a new stake in shares of Rocket Lab USA during the 4th quarter worth approximately $586,000. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Rocket Lab USA by 3.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 91,872 shares of the rocket manufacturer's stock worth $2,340,000 after purchasing an additional 3,479 shares during the last quarter. Institutional investors and hedge funds own 71.78% of the company's stock.

Insider Activity at Rocket Lab USA

In other news, insider Frank Klein sold 1,835 shares of Rocket Lab USA stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $19.93, for a total transaction of $36,571.55. Following the sale, the insider now directly owns 1,417,644 shares of the company's stock, valued at approximately $28,253,644.92. The trade was a 0.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 13.70% of the company's stock.

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.