Terran Orbital (NYSE:LLAP) Announces Earnings Results

Terran Orbital (NYSE:LLAP - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.09), Zacks reports. The business had revenue of $27.24 million during the quarter, compared to analyst estimates of $41.67 million. During the same period last year, the company earned ($0.31) earnings per share.

Terran Orbital Stock Up 7.9 %

Shares of NYSE:LLAP traded up $0.07 during trading on Wednesday, reaching $0.97. 5,459,599 shares of the company traded hands, compared to its average volume of 3,496,387. The firm has a market capitalization of $195.15 million, a PE ratio of -1.05 and a beta of 2.24. Terran Orbital has a 52 week low of $0.62 and a 52 week high of $1.84. The company's 50 day moving average is $1.25 and its two-hundred day moving average is $1.03.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LLAP shares. HC Wainwright reissued a "buy" rating and issued a $3.00 price objective on shares of Terran Orbital in a research report on Wednesday. Stifel Nicolaus reissued a "buy" rating and issued a $7.00 target price on shares of Terran Orbital in a research report on Wednesday. Finally, B. Riley dropped their price objective on shares of Terran Orbital from $1.35 to $1.00 and set a "neutral" rating for the company in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Terran Orbital has a consensus rating of "Hold" and a consensus price target of $4.07.

Terran Orbital Company Profile

Terran Orbital Corporation manufactures and sells satellites for aerospace and defense industries in the United States and internationally. The company offers end-to-end satellite solutions. It engages in the integrated design, manufacture, and assembly of satellites; and management, operation, and provision of information from satellites that are on-orbit on behalf of its customers from its in-house mission operations centers and integrated international ground communications network using its proprietary software both on the satellite and throughout its ground infrastructure.