Vertical Aerospace (NYSE:EVTL) Announces Earnings Results, Misses Estimates By $0.01 EPS

Key Points

• Vertical Aerospace reported EPS of ($0.39) for the quarter, missing analysts' consensus of ($0.38) by $0.01.
• The stock opened at $3.55 (1‑year range $2.76–$7.60) with a market capitalization of $353.8 million, a 50‑day SMA of $4.59 and a 200‑day SMA of $4.99, highlighting its low current valuation versus historical trading levels.
• Analysts hold a consensus rating of “Moderate Buy” with a $11.80 average target (six Buy vs. two Sell), while institutional ownership is high at 81.17% and several funds have recently added or initiated positions.

Vertical Aerospace (NYSE:EVTL - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported ($0.39) EPS for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.01), FiscalAI reports.

Vertical Aerospace Price Performance

EVTL opened at $3.55 on Tuesday. The business has a fifty day simple moving average of $4.59 and a 200 day simple moving average of $4.99. Vertical Aerospace has a 1 year low of $2.76 and a 1 year high of $7.60. The company has a market capitalization of $353.76 million, a PE ratio of -0.07 and a beta of 1.23.

Institutional Investors Weigh In On Vertical Aerospace

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Balyasny Asset Management L.P. raised its stake in Vertical Aerospace by 25.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 14,435 shares of the company's stock worth $77,000 after purchasing an additional 2,963 shares in the last quarter. LPL Financial LLC boosted its holdings in Vertical Aerospace by 65.3% in the 4th quarter. LPL Financial LLC now owns 18,255 shares of the company's stock valued at $97,000 after purchasing an additional 7,209 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in shares of Vertical Aerospace during the 3rd quarter worth approximately $73,000. Engineers Gate Manager LP bought a new position in shares of Vertical Aerospace during the second quarter worth approximately $123,000. Finally, Raymond James Financial Inc. bought a new position in shares of Vertical Aerospace during the second quarter worth approximately $102,000. Institutional investors and hedge funds own 81.17% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EVTL. William Blair began coverage on Vertical Aerospace in a research report on Wednesday, January 7th. They issued an "outperform" rating for the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Vertical Aerospace in a report on Wednesday, January 21st. Raymond James Financial cut Vertical Aerospace from a "market perform" rating to an "underperform" rating in a research note on Monday, February 23rd. Needham & Company LLC reaffirmed a "buy" rating and set a $11.00 price objective (up from $9.00) on shares of Vertical Aerospace in a research report on Monday, December 15th. Finally, D. Boral Capital reiterated a "buy" rating and issued a $14.00 price objective on shares of Vertical Aerospace in a report on Wednesday, December 3rd. Six analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $11.80.

About Vertical Aerospace

Vertical Aerospace is a United Kingdom–based aerospace manufacturer specializing in the development of electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. Founded in 2016 by entrepreneur Stephen Fitzpatrick, the company is publicly listed on the New York Stock Exchange under the ticker EVTL. Vertical Aerospace's mission is to deliver zero-emission, high-speed electric aircraft designed to transform short-haul journeys in densely populated areas.

The company's flagship model, the VA-X4, is a piloted, five-seat eVTOL craft engineered for quiet operation, low running costs and minimal environmental impact.

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