Cantor Fitzgerald Comments on Rocket Lab USA FY2025 Earnings

Rocket Lab USA, Inc. (NASDAQ:RKLB) – Research analysts at Cantor Fitzgerald upped their FY2025 earnings per share (EPS) estimates for shares of Rocket Lab USA in a report released on Monday, May 12th. Cantor Fitzgerald analyst A. Sheppard now expects that the rocket manufacturer will post earnings of ($0.35) per share for the year, up from their previous estimate of ($0.36). The consensus estimate for Rocket Lab USA’s current full-year earnings is ($0.38) per share.

A number of other equities research analysts have also recently weighed in on the company. Citigroup lowered their price target on Rocket Lab USA from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price target on shares of Rocket Lab USA in a research report on Tuesday. Morgan Stanley upped their target price on Rocket Lab USA from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. KeyCorp reduced their target price on shares of Rocket Lab USA from $32.00 to $28.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Finally, Wells Fargo & Company decreased their target price on shares of Rocket Lab USA from $21.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Rocket Lab USA Stock Up 2.7%

RKLB stock opened at $21.83 on Wednesday. The company’s 50-day moving average price is $19.77 and its 200 day moving average price is $22.20. Rocket Lab USA has a 52 week low of $4.15 and a 52 week high of $33.34. The company has a current ratio of 2.58, a quick ratio of 2.16 and a debt-to-equity ratio of 0.97. The company has a market cap of $9.90 billion, a P/E ratio of -59.00 and a beta of 2.04.

Rocket Lab USA (NASDAQ:RKLB) last announced its quarterly earnings data on Thursday, May 8th. The rocket manufacturer reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02). Rocket Lab USA had a negative return on equity of 39.47% and a negative net margin of 51.76%. The business had revenue of $122.57 million for the quarter, compared to analyst estimates of $120.74 million. During the same period in the prior year, the company earned ($0.09) EPS. The company’s revenue was up 32.1% on a year-over-year basis.

Insider Buying and Selling

In other Rocket Lab USA news, insider Frank Klein sold 44,553 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $18.18, for a total transaction of $809,973.54. Following the completion of the sale, the insider now directly owns 1,419,479 shares in the company, valued at $25,806,128.22. This represents a 3.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 13.70% of the stock is currently owned by company insiders.

Institutional Trading of Rocket Lab USA

A number of institutional investors have recently modified their holdings of RKLB. Spectrum Wealth Counsel LLC acquired a new position in shares of Rocket Lab USA during the 4th quarter valued at $25,000. Sandy Spring Bank purchased a new position in shares of Rocket Lab USA in the fourth quarter valued at $26,000. Versant Capital Management Inc increased its stake in Rocket Lab USA by 118.1% during the 1st quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer’s stock worth $28,000 after buying an additional 860 shares during the period. MassMutual Private Wealth & Trust FSB purchased a new position in Rocket Lab USA in the 1st quarter valued at about $29,000. Finally, Farther Finance Advisors LLC increased its position in shares of Rocket Lab USA by 181.1% during the first quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer’s stock worth $35,000 after acquiring an additional 1,226 shares during the last quarter. Hedge funds and other institutional investors own 71.78% of the company’s stock.

Rocket Lab USA Company Profile

Rocket Lab USA, Inc, a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.