Terran Orbital Co. (NYSE:LLAP) Expected to Post Q3 2022 Earnings of ($0.18) Per Share

Terran Orbital Co. (NYSE:LLAPGet Rating) – Research analysts at B. Riley issued their Q3 2022 earnings per share (EPS) estimates for Terran Orbital in a report issued on Sunday, September 11th. B. Riley analyst M. Crawford anticipates that the company will post earnings of ($0.18) per share for the quarter. B. Riley has a “Buy” rating and a $10.00 price objective on the stock. The consensus estimate for Terran Orbital’s current full-year earnings is ($1.17) per share. B. Riley also issued estimates for Terran Orbital’s Q4 2022 earnings at ($0.17) EPS, FY2022 earnings at ($0.77) EPS, Q1 2023 earnings at ($0.13) EPS, Q2 2023 earnings at ($0.10) EPS, Q3 2023 earnings at ($0.06) EPS, Q4 2023 earnings at ($0.05) EPS, FY2023 earnings at ($0.34) EPS and FY2024 earnings at $0.25 EPS.

A number of other research firms have also recently weighed in on LLAP. Bank of America began coverage on Terran Orbital in a report on Wednesday, June 15th. They set a “buy” rating and a $9.00 price target on the stock. Stifel Nicolaus initiated coverage on Terran Orbital in a report on Monday, August 15th. They set a “buy” rating and a $8.00 target price on the stock. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Terran Orbital has a consensus rating of “Buy” and an average price target of $12.83.

Terran Orbital Price Performance

Shares of LLAP stock opened at $3.96 on Wednesday. The company has a 50 day moving average of $4.35. Terran Orbital has a 52 week low of $3.63 and a 52 week high of $12.69.

Insider Buying and Selling

In related news, major shareholder Beach Point Capital Management sold 5,605 shares of the company’s stock in a transaction on Thursday, July 7th. The shares were sold at an average price of $4.82, for a total value of $27,016.10. Following the completion of the sale, the insider now directly owns 1,098,597 shares in the company, valued at $5,295,237.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders sold 150,368 shares of company stock worth $724,548.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. First Republic Investment Management Inc. acquired a new position in Terran Orbital during the 2nd quarter worth $98,000. State Street Corp acquired a new position in Terran Orbital during the 2nd quarter worth $1,519,000. Virtu Financial LLC raised its position in shares of Terran Orbital by 195.6% during the second quarter. Virtu Financial LLC now owns 38,636 shares of the company’s stock valued at $177,000 after buying an additional 25,566 shares during the last quarter. American International Group Inc. acquired a new position in shares of Terran Orbital during the second quarter valued at about $51,000. Finally, Northern Trust Corp acquired a new position in shares of Terran Orbital during the second quarter valued at about $1,142,000. Institutional investors and hedge funds own 84.94% of the company’s stock.

Terran Orbital Company Profile

(Get Rating)

Terran Orbital Corporation manufactures, owns, and operates satellites and related space-based solutions that provide earth observation, data and analytics to defense, intelligence, civil, and commercial end users in the United States. The company operates through two segments, Satellite Solutions and Earth Observation Solutions.

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Earnings History and Estimates for Terran Orbital (NYSE:LLAP)

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