FY2024 Earnings Forecast for Redwire Issued By HC Wainwright

Redwire Co. (NYSE:RDW) – Analysts at HC Wainwright issued their FY2024 earnings per share (EPS) estimates for Redwire in a research note issued on Tuesday, November 26th. HC Wainwright analyst S. Buck forecasts that the company will post earnings of ($0.83) per share for the year. HC Wainwright currently has a “Buy” rating and a $18.00 price target on the stock. The consensus estimate for Redwire’s current full-year earnings is ($0.84) per share. HC Wainwright also issued estimates for Redwire’s Q4 2024 earnings at ($0.18) EPS and FY2025 earnings at ($0.17) EPS.

Several other research firms have also weighed in on RDW. Cantor Fitzgerald reissued an “overweight” rating and set a $6.00 price objective on shares of Redwire in a research note on Monday, September 30th. B. Riley cut shares of Redwire from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $8.00 to $9.50 in a research report on Tuesday, October 29th. Finally, Roth Mkm boosted their price target on shares of Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Redwire has a consensus rating of “Moderate Buy” and an average target price of $10.13.

Redwire Trading Up 3.2 %

Shares of RDW opened at $13.92 on Thursday. The stock has a market cap of $926.24 million, a P/E ratio of -11.50 and a beta of 1.93. Redwire has a 1 year low of $2.49 and a 1 year high of $14.90. The stock’s 50-day moving average price is $9.04 and its two-hundred day moving average price is $7.20.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. bought a new stake in Redwire in the 3rd quarter valued at $623,000. Vanguard Group Inc. lifted its holdings in shares of Redwire by 0.3% in the first quarter. Vanguard Group Inc. now owns 1,118,812 shares of the company’s stock valued at $4,912,000 after purchasing an additional 3,681 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Redwire by 17.2% during the second quarter. SG Americas Securities LLC now owns 15,670 shares of the company’s stock worth $112,000 after buying an additional 2,296 shares during the period. Bank of New York Mellon Corp lifted its stake in Redwire by 496.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 71,340 shares of the company’s stock valued at $512,000 after acquiring an additional 59,372 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Redwire by 64.7% during the 2nd quarter. Rhumbline Advisers now owns 32,335 shares of the company’s stock worth $232,000 after acquiring an additional 12,703 shares during the last quarter. Institutional investors own 8.10% of the company’s stock.

About Redwire

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.