Terran Orbital Co. Expected to Earn Q2 2023 Earnings of ($0.28) Per Share (NYSE:LLAP)

Terran Orbital Co. (NYSE:LLAP – Get Rating) – Stock analysts at B. Riley decreased their Q2 2023 earnings per share (EPS) estimates for shares of Terran Orbital in a note issued to investors on Tuesday, May 16th. B. Riley analyst M. Crawford now forecasts that the company will earn ($0.28) per share for the quarter, down from their previous forecast of ($0.23). The consensus estimate for Terran Orbital’s current full-year earnings is ($0.68) per share. B. Riley also issued estimates for Terran Orbital’s Q3 2023 earnings at ($0.22) EPS, Q4 2023 earnings at ($0.15) EPS, FY2023 earnings at ($0.95) EPS, FY2024 earnings at ($0.28) EPS and FY2025 earnings at $0.54 EPS.

Terran Orbital (NYSE:LLAP – Get Rating) last announced its quarterly earnings results on Tuesday, March 21st. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.10). The firm had revenue of $31.92 million during the quarter, compared to analyst estimates of $30.80 million.

Several other equities analysts have also issued reports on LLAP. Stifel Nicolaus decreased their target price on Terran Orbital from $8.00 to $7.00 in a research note on Tuesday. Benchmark reissued a “buy” rating and set a $12.00 target price on shares of Terran Orbital in a research note on Wednesday, March 22nd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $10.75.

Terran Orbital Trading Down 3.2 %

LLAP opened at $1.50 on Thursday. The stock’s 50-day moving average price is $1.77 and its 200 day moving average price is $1.95. Terran Orbital has a 12-month low of $1.29 and a 12-month high of $6.68. The firm has a market cap of $217.53 million, a price-to-earnings ratio of -1.46 and a beta of 1.84.

Insider Buying and Selling at Terran Orbital

In other Terran Orbital news, major shareholder Beach Point Capital Management sold 172,800 shares of the stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $3.02, for a total value of $521,856.00. Following the sale, the insider now owns 628,709 shares of the company’s stock, valued at approximately $1,898,701.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 30.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Terran Orbital

Several hedge funds and other institutional investors have recently made changes to their positions in LLAP. SG Americas Securities LLC increased its position in Terran Orbital by 60.5% during the fourth quarter. SG Americas Securities LLC now owns 18,207 shares of the company’s stock worth $29,000 after buying an additional 6,861 shares during the period. Penserra Capital Management LLC acquired a new position in Terran Orbital during the first quarter worth approximately $29,000. American International Group Inc. increased its position in Terran Orbital by 71.1% during the fourth quarter. American International Group Inc. now owns 19,454 shares of the company’s stock worth $31,000 after buying an additional 8,084 shares during the period. Gabelli Funds LLC acquired a new position in Terran Orbital during the first quarter worth approximately $32,000. Finally, Alliancebernstein L.P. acquired a new position in Terran Orbital during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 76.83% of the company’s stock.

Terran Orbital Company Profile

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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.