Virgin Galactic (SPCE) to Release Quarterly Earnings on Wednesday

Virgin Galactic (NYSE:SPCE) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($4.10) per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Virgin Galactic (NYSE:SPCE) last announced its earnings results on Wednesday, August 7th. The company reported ($4.36) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($5.40) by $1.04. Virgin Galactic had a negative net margin of 3,764.43% and a negative return on equity of 83.64%. The firm had revenue of $4.22 million for the quarter, compared to analyst estimates of $3.50 million. During the same quarter in the prior year, the business posted ($9.20) EPS. On average, analysts expect Virgin Galactic to post $-18 EPS for the current fiscal year and $-10 EPS for the next fiscal year.

Virgin Galactic Trading Down 2.9 %

Shares of SPCE stock opened at $6.42 on Tuesday. The stock has a market cap of $182.84 million, a P/E ratio of -0.32 and a beta of 1.70. Virgin Galactic has a 1 year low of $5.26 and a 1 year high of $54.60. The company has a current ratio of 4.71, a quick ratio of 4.71 and a debt-to-equity ratio of 1.06. The stock has a 50 day simple moving average of $6.52 and a 200 day simple moving average of $10.15.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SPCE. Morgan Stanley reduced their target price on Virgin Galactic from $35.00 to $5.00 and set an “underweight” rating on the stock in a report on Tuesday, September 17th. Susquehanna reduced their price objective on shares of Virgin Galactic from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group decreased their target price on shares of Virgin Galactic from $53.00 to $47.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.50.

Virgin Galactic Company Profile

Virgin Galactic Holdings, Inc, an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. The company engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies.