FY2022 Earnings Estimate for Redwire Co. (NYSE:RDW) Issued By Jefferies Financial Group

Redwire Co. (NYSE:RDWGet Rating) – Equities research analysts at Jefferies Financial Group lowered their FY2022 earnings estimates for Redwire in a report released on Wednesday, November 9th. Jefferies Financial Group analyst G. Konrad now expects that the company will post earnings per share of ($1.79) for the year, down from their previous estimate of ($1.71). The consensus estimate for Redwire’s current full-year earnings is ($1.79) per share. Jefferies Financial Group also issued estimates for Redwire’s Q4 2022 earnings at ($0.13) EPS, FY2023 earnings at ($0.22) EPS, FY2024 earnings at $0.01 EPS and FY2025 earnings at $0.35 EPS.

Redwire Trading Up 2.5 %

RDW opened at $2.46 on Monday. The firm has a market capitalization of $155.60 million, a P/E ratio of -1.36 and a beta of 2.14. The firm’s 50 day moving average is $2.62 and its 200-day moving average is $3.35. Redwire has a 52-week low of $2.15 and a 52-week high of $12.15. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 4.01.

Institutional Trading of Redwire

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Towerview LLC increased its stake in shares of Redwire by 20.9% in the second quarter. Towerview LLC now owns 475,345 shares of the company’s stock worth $1,445,000 after buying an additional 82,305 shares during the last quarter. Signaturefd LLC boosted its holdings in Redwire by 41.1% in the third quarter. Signaturefd LLC now owns 423,271 shares of the company’s stock worth $1,007,000 after purchasing an additional 123,271 shares during the period. Crescent Park Management L.P. boosted its holdings in Redwire by 178.5% in the second quarter. Crescent Park Management L.P. now owns 343,521 shares of the company’s stock worth $1,044,000 after purchasing an additional 220,156 shares during the period. LA Financiere DE L Echiquier boosted its holdings in Redwire by 31.7% in the first quarter. LA Financiere DE L Echiquier now owns 286,600 shares of the company’s stock worth $2,431,000 after purchasing an additional 69,000 shares during the period. Finally, State Street Corp boosted its holdings in Redwire by 250.2% in the second quarter. State Street Corp now owns 226,615 shares of the company’s stock worth $689,000 after purchasing an additional 161,900 shares during the period. Institutional investors own 25.76% of the company’s stock.

About Redwire

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Redwire Corporation, a space infrastructure company, develops, manufactures, and sells mission critical space solutions and components for national security, civil, and commercial space markets in the United States, Luxembourg, Germany, South Korea, Poland, and internationally. The company provides various antennas; and advanced sensors and components, which include solar arrays, composite booms, radio frequency antennas, payload adapters, space-qualifies camera systems, and star trackers and sun sensors.

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