Cantor Fitzgerald Lowers Earnings Estimates for Redwire

Redwire Co. (NYSE:RDW) – Research analysts at Cantor Fitzgerald decreased their FY2025 earnings per share (EPS) estimates for Redwire in a report issued on Monday, May 12th. Cantor Fitzgerald analyst C. Canfield now forecasts that the company will post earnings of ($0.40) per share for the year, down from their prior estimate of ($0.35). Cantor Fitzgerald has a “Overweight” rating and a $28.00 price objective on the stock. The consensus estimate for Redwire’s current full-year earnings is ($0.85) per share.

Other equities research analysts have also recently issued reports about the company. HC Wainwright restated a “buy” rating and set a $26.00 target price on shares of Redwire in a research report on Wednesday, March 12th. Alliance Global Partners reissued a “buy” rating on shares of Redwire in a report on Monday. Finally, B. Riley decreased their target price on Redwire from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Redwire currently has a consensus rating of “Moderate Buy” and an average price target of $20.05.

Redwire Stock Performance

RDW stock opened at $11.59 on Wednesday. Redwire has a one year low of $4.73 and a one year high of $26.66. The firm’s fifty day moving average is $10.24 and its 200 day moving average is $13.62. The firm has a market cap of $875.89 million, a PE ratio of -9.58 and a beta of 2.46.

Redwire (NYSE:RDW) last posted its earnings results on Monday, May 12th. The company reported ($0.20) earnings per share for the quarter, meeting the consensus estimate of ($0.20). The firm had revenue of $61.40 million for the quarter, compared to analysts’ expectations of $74.54 million.

Hedge Funds Weigh In On Redwire

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP purchased a new stake in Redwire during the 4th quarter valued at about $33,000. Summit Investment Advisors Inc. grew its position in shares of Redwire by 64.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,382 shares of the company’s stock valued at $39,000 after purchasing an additional 931 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Redwire in the first quarter valued at approximately $42,000. FNY Investment Advisers LLC acquired a new stake in shares of Redwire in the first quarter valued at approximately $47,000. Finally, GAMMA Investing LLC lifted its position in Redwire by 69,077.8% during the first quarter. GAMMA Investing LLC now owns 6,226 shares of the company’s stock worth $52,000 after buying an additional 6,217 shares in the last quarter. 8.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Redwire

In other news, major shareholder Park Lp Genesis II sold 10,115 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $24.11, for a total transaction of $243,872.65. Following the completion of the sale, the insider now owns 3,644,566 shares of the company’s stock, valued at $87,870,486.26. This represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.60% of the company’s stock.

About Redwire

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.