RADA Electronic Industries (RADA) Set to Announce Earnings on Tuesday

RADA Electronic Industries (NASDAQ:RADA – Get Rating) will be releasing its earnings data before the market opens on Tuesday, May 10th. Analysts expect RADA Electronic Industries to post earnings of $0.12 per share for the quarter.

RADA Electronic Industries (NASDAQ:RADA – Get Rating) last announced its quarterly earnings results on Wednesday, February 9th. The aerospace company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.03). RADA Electronic Industries had a net margin of 21.39% and a return on equity of 17.23%. The business had revenue of $31.76 million during the quarter, compared to analyst estimates of $31.50 million. During the same period last year, the company earned $0.06 EPS. On average, analysts expect RADA Electronic Industries to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of RADA Electronic Industries stock opened at $15.45 on Thursday. RADA Electronic Industries has a 52 week low of $8.20 and a 52 week high of $16.70. The business’s fifty day simple moving average is $14.25 and its 200-day simple moving average is $11.40. The firm has a market cap of $766.47 million, a PE ratio of 30.90 and a beta of 0.76.

A number of hedge funds and other institutional investors have recently modified their holdings of RADA. UBS Group AG increased its holdings in RADA Electronic Industries by 831.9% during the 3rd quarter. UBS Group AG now owns 63,350 shares of the aerospace company’s stock worth $674,000 after purchasing an additional 56,552 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of RADA Electronic Industries by 51.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 137,022 shares of the aerospace company’s stock valued at $1,458,000 after acquiring an additional 46,784 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of RADA Electronic Industries by 14.2% in the 4th quarter. BNP Paribas Arbitrage SA now owns 9,662 shares of the aerospace company’s stock valued at $91,000 after acquiring an additional 1,198 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of RADA Electronic Industries by 77.5% in the 4th quarter. Renaissance Technologies LLC now owns 246,755 shares of the aerospace company’s stock valued at $2,324,000 after acquiring an additional 107,755 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of RADA Electronic Industries in the 4th quarter valued at about $809,000. Institutional investors own 60.03% of the company’s stock.

Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded RADA Electronic Industries from a “buy” rating to a “hold” rating in a report on Tuesday, February 15th. Canaccord Genuity Group cut their price objective on RADA Electronic Industries from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, January 12th. Canaccord Genuity Group boosted their price objective on RADA Electronic Industries from $14.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, April 19th. StockNews.com started coverage on RADA Electronic Industries in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Alliance Global Partners downgraded RADA Electronic Industries from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a report on Thursday, March 17th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $14.80.

RADA Electronic Industries Company Profile (Get Rating)

RADA Electronic Industries Ltd., a defense technology company, develops, manufactures, markets, and sells defense electronics to various air forces and companies worldwide. It offers digital video/audio/data recorders; high definition digital video/audio/data recording for fighter and trainer aircrafts; a range of head-up-displays color video cameras for fighter aircraft; and various ground debriefing solutions.

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