KeyCorp Comments on Rocket Lab USA FY2025 Earnings

Rocket Lab USA, Inc. (NASDAQ:RKLB) – KeyCorp issued their FY2025 EPS estimates for Rocket Lab USA in a report issued on Tuesday, April 22nd. KeyCorp analyst M. Leshock anticipates that the rocket manufacturer will post earnings per share of ($0.17) for the year. KeyCorp has a “Overweight” rating and a $28.00 price objective on the stock. The consensus estimate for Rocket Lab USA’s current full-year earnings is ($0.38) per share.

A number of other research firms also recently weighed in on RKLB. Citigroup decreased their price target on shares of Rocket Lab USA from $35.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Stifel Nicolaus upped their price objective on Rocket Lab USA from $26.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Needham & Company LLC started coverage on Rocket Lab USA in a report on Friday. They issued a “buy” rating and a $28.00 price target for the company. Wells Fargo & Company decreased their price objective on shares of Rocket Lab USA from $21.00 to $18.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Finally, TD Cowen raised shares of Rocket Lab USA to a “strong-buy” rating in a report on Monday, February 24th. Five investment 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.25.

Rocket Lab USA Stock Performance

Rocket Lab USA stock opened at $22.38 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.58 and a quick ratio of 2.16. The firm’s fifty day moving average price is $19.57 and its 200 day moving average price is $21.15. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of -60.48 and a beta of 2.08. Rocket Lab USA has a 12-month low of $3.65 and a 12-month high of $33.34.

Rocket Lab USA (NASDAQ:RKLB) last announced its quarterly earnings results on Thursday, February 27th. The rocket manufacturer reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). 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 $132.39 million for the quarter, compared to analysts’ expectations of $130.58 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RKLB. FMR LLC grew its position in Rocket Lab USA by 30,853.3% during the 4th quarter. FMR LLC now owns 3,696,136 shares of the rocket manufacturer’s stock worth $94,141,000 after acquiring an additional 3,684,195 shares during the last quarter. Two Sigma Advisers LP acquired a new position in Rocket Lab USA during the 4th quarter worth about $72,623,000. BNP Paribas Financial Markets bought a new stake in Rocket Lab USA during the 4th quarter worth about $56,977,000. Two Sigma Investments LP acquired a new stake in Rocket Lab USA in the 4th quarter valued at about $47,074,000. Finally, Renaissance Technologies LLC raised its stake in shares of Rocket Lab USA by 1,765.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,818,800 shares of the rocket manufacturer’s stock worth $46,325,000 after acquiring an additional 1,721,300 shares during the last quarter. 71.78% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Frank Klein sold 1,835 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $19.93, for a total value of $36,571.55. Following the sale, the insider now owns 1,417,644 shares of the company’s stock, valued at $28,253,644.92. The trade was a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 13.70% of the stock is owned by company insiders.

About Rocket Lab USA

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.