Brokers Offer Predictions for LUNR FY2024 Earnings

Intuitive Machines, Inc. (NASDAQ:LUNR) – Equities research analysts at Cantor Fitzgerald issued their FY2024 earnings per share (EPS) estimates for Intuitive Machines in a report released on Tuesday, March 25th. Cantor Fitzgerald analyst A. Sheppard forecasts that the company will earn ($4.63) per share for the year. Cantor Fitzgerald has a “Overweight” rating and a $13.00 price target on the stock. The consensus estimate for Intuitive Machines’ current full-year earnings is $0.73 per share. Cantor Fitzgerald also issued estimates for Intuitive Machines’ FY2025 earnings at ($0.32) EPS.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings data on Tuesday, March 25th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.12. The firm had revenue of $54.66 million for the quarter, compared to the consensus estimate of $72.58 million.

Other equities analysts have also issued research reports about the stock. Roth Mkm reduced their target price on shares of Intuitive Machines from $20.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft began coverage on Intuitive Machines in a research note on Tuesday, February 25th. They set a “hold” rating and a $18.00 price objective on the stock. Canaccord Genuity Group lowered their target price on Intuitive Machines from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Tuesday. Bank of America began coverage on Intuitive Machines in a research report on Wednesday, February 5th. They set an “underperform” rating and a $16.00 price target on the stock. Finally, Benchmark reiterated a “buy” rating and issued a $16.00 price objective on shares of Intuitive Machines in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Intuitive Machines Price Performance

Shares of NASDAQ LUNR opened at $8.07 on Thursday. The stock has a market capitalization of $1.13 billion, a P/E ratio of -2.74 and a beta of 1.01. Intuitive Machines has a one year low of $3.15 and a one year high of $24.95. The firm’s 50 day simple moving average is $15.28 and its two-hundred day simple moving average is $12.92.

Insiders Place Their Bets

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.35, for a total value of $6,935,804.55. Following the completion of the transaction, the director now directly owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. This represents a 9.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Vontur sold 4,528 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total transaction of $88,748.80. Following the completion of the sale, the insider now directly owns 104,272 shares of the company’s stock, valued at approximately $2,043,731.20. This represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 391,767 shares of company stock worth $7,233,038. 73.68% of the stock is currently owned by company insiders.

Institutional Trading of Intuitive Machines

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Intuitive Machines by 33.6% in the 4th quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company’s stock worth $73,503,000 after acquiring an additional 1,017,706 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Intuitive Machines in the fourth quarter worth $33,255,000. Renaissance Technologies LLC raised its holdings in Intuitive Machines by 99.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company’s stock worth $22,170,000 after purchasing an additional 609,118 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in Intuitive Machines by 3,991.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company’s stock valued at $21,102,000 after buying an additional 1,133,581 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Intuitive Machines by 20.5% during the 4th quarter. Geode Capital Management LLC now owns 1,125,005 shares of the company’s stock valued at $20,437,000 after buying an additional 191,733 shares in the last quarter. 72.21% of the stock is owned by institutional investors.

About Intuitive Machines

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.