Virgin Galactic (SPCE) to Release Quarterly Earnings on Tuesday

Virgin Galactic (NYSE:SPCE - Get Free Report) will release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Virgin Galactic to post earnings of ($0.26) per share for the quarter. Virgin Galactic has set its Q1 2024 guidance at EPS.Individual interested in participating in the company's earnings conference call can do so using this link.

Virgin Galactic (NYSE:SPCE - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.25) earnings per share for the quarter, beating analysts' consensus estimates of ($0.30) by $0.05. Virgin Galactic had a negative return on equity of 102.01% and a negative net margin of 7,387.31%. The business had revenue of $2.81 million during the quarter, compared to analysts' expectations of $2.99 million. 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 Trading Down 1.1 %

Shares of NYSE SPCE traded down $0.01 during trading on Tuesday, reaching $0.87. The stock had a trading volume of 13,395,864 shares, compared to its average volume of 11,806,277. Virgin Galactic has a fifty-two week low of $0.70 and a fifty-two week high of $6.17. The company has a debt-to-equity ratio of 0.83, a quick ratio of 5.03 and a current ratio of 5.12. The business's 50-day moving average price is $1.36 and its 200-day moving average price is $1.79. The company has a market cap of $349.79 million, a P/E ratio of -0.56 and a beta of 1.60.

Analysts Set New Price Targets

Several research analysts recently commented on SPCE shares. Wells Fargo & Company lowered their target price on Virgin Galactic from $1.75 to $1.00 and set an "underweight" rating for the company in a research note on Thursday, April 4th. Truist Financial decreased their price target on Virgin Galactic from $3.00 to $2.00 and set a "hold" rating for the company in a report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the stock currently 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.