Analysts expect Virgin Galactic Holdings, Inc. (NYSE:SPCE) to post ($0.31) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Virgin Galactic’s earnings. The highest EPS estimate is ($0.30) and the lowest is ($0.31). Virgin Galactic reported earnings of ($0.30) per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 3.3%. The company is expected to announce its next quarterly earnings results on Monday, August 2nd.
On average, analysts expect that Virgin Galactic will report full-year earnings of ($1.11) per share for the current year, with EPS estimates ranging from ($1.28) to ($0.94). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.60) per share, with EPS estimates ranging from ($0.97) to ($0.33). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Virgin Galactic.
Virgin Galactic (NYSE:SPCE) last posted its quarterly earnings results on Monday, May 10th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.24). During the same period in the prior year, the firm earned ($1.86) EPS.
SPCE opened at $16.64 on Tuesday. Virgin Galactic has a 12-month low of $14.21 and a 12-month high of $62.80. The firm has a market capitalization of $3.94 billion, a PE ratio of -12.70 and a beta of 0.80. The firm has a 50 day moving average of $23.82 and a two-hundred day moving average of $30.15.
In other Virgin Galactic news, Director Chamath Palihapitiya sold 3,100,000 shares of Virgin Galactic stock in a transaction on Tuesday, March 2nd. The shares were sold at an average price of $35.28, for a total transaction of $109,368,000.00. Following the sale, the director now owns 4,910,292 shares of the company’s stock, valued at approximately $173,235,101.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Virgin Investments Ltd sold 1,484,000 shares of Virgin Galactic stock in a transaction on Wednesday, April 14th. The stock was sold at an average price of $26.86, for a total transaction of $39,860,240.00. The disclosure for this sale can be found here. In the last three months, insiders sold 6,484,000 shares of company stock valued at $200,490,240. 14.30% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC acquired a new stake in Virgin Galactic during the 1st quarter worth $824,000. Price T Rowe Associates Inc. MD boosted its stake in Virgin Galactic by 1.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,561 shares of the company’s stock worth $1,886,000 after purchasing an additional 1,005 shares during the last quarter. Captrust Financial Advisors boosted its stake in Virgin Galactic by 39.4% during the 1st quarter. Captrust Financial Advisors now owns 2,606 shares of the company’s stock worth $80,000 after purchasing an additional 736 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Virgin Galactic during the 1st quarter valued at about $3,527,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Virgin Galactic during the 1st quarter valued at about $559,000. 23.46% of the stock is currently owned by institutional investors.
Virgin Galactic Company Profile
Virgin Galactic Holdings, Inc, an integrated aerospace company, develops human spaceflight for private individuals and researchers in the United States. It also manufactures air and space vehicles. The company's spaceship operations include commercial human spaceflight, flying commercial research, and development payloads into space.
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