FY2025 EPS Estimates for Redwire Cut by Cantor Fitzgerald

Redwire Co. (NYSE:RDW - Free Report) - Stock analysts at Cantor Fitzgerald lowered their FY2025 earnings estimates for shares of Redwire in a report issued on Monday, May 12th. Cantor Fitzgerald analyst C. Canfield now anticipates that the company will post earnings of ($0.40) per share for the year, down from their previous forecast of ($0.35). Cantor Fitzgerald currently has a "Overweight" rating and a $28.00 target price on the stock. The consensus estimate for Redwire's current full-year earnings is ($0.85) per share.

Redwire (NYSE:RDW - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($0.20) EPS for the quarter, meeting the consensus estimate of ($0.20). The firm had revenue of $61.40 million during the quarter, compared to analyst estimates of $74.54 million.

Other research analysts have also recently issued reports about the stock. HC Wainwright reiterated a "buy" rating and set a $26.00 price objective on shares of Redwire in a report on Wednesday, March 12th. B. Riley reduced their target price on shares of Redwire from $27.00 to $25.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Finally, Alliance Global Partners reaffirmed a "buy" rating on shares of Redwire in a research report on Tuesday, March 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $20.05.

Redwire Stock Up 8.1%

Shares of NYSE:RDW opened at $11.42 on Wednesday. The firm has a market capitalization of $863.04 million, a price-to-earnings ratio of -9.44 and a beta of 2.46. The stock's 50 day moving average is $10.26 and its 200-day moving average is $13.63. Redwire has a twelve month low of $4.73 and a twelve month high of $26.66.

Insider Activity at Redwire

In other news, major shareholder Park Lp Genesis II sold 10,115 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $24.11, for a total transaction of $243,872.65. Following the completion of the transaction, the insider now directly owns 3,644,566 shares of the company's stock, valued at $87,870,486.26. This represents a 0.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Redwire

Institutional investors have recently bought and sold shares of the company. Neuberger Berman Group LLC raised its stake in shares of Redwire by 150.0% in the first quarter. Neuberger Berman Group LLC now owns 114,840 shares of the company's stock valued at $952,000 after buying an additional 68,906 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in Redwire by 11,475.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 19,794 shares of the company's stock valued at $164,000 after purchasing an additional 19,623 shares during the last quarter. Nuveen LLC bought a new position in Redwire during the first quarter worth about $761,000. Virtu Financial LLC increased its stake in shares of Redwire by 30.1% in the first quarter. Virtu Financial LLC now owns 26,687 shares of the company's stock worth $221,000 after purchasing an additional 6,176 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Redwire in the first quarter valued at approximately $1,300,000. Hedge funds and other institutional investors own 8.10% of the company's stock.

Redwire Company Profile

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.

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