BigBear.ai (NYSE:BBAI) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

BigBear.ai (NYSE:BBAI) posted its quarterly earnings data on Tuesday. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02, Briefing.com reports. BigBear.ai had a negative return on equity of 295.34% and a negative net margin of 104.53%. The firm had revenue of $41.51 million for the quarter, compared to the consensus estimate of $45.04 million. During the same quarter last year, the company earned $0.03 earnings per share. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. BigBear.ai updated its FY 2024 guidance to EPS.

BigBear.ai Price Performance

Shares of NYSE:BBAI traded up $0.02 during trading on Friday, hitting $1.76. 2,713,640 shares of the company’s stock were exchanged, compared to its average volume of 6,559,603. The company has a debt-to-equity ratio of 1.99, a current ratio of 2.10 and a quick ratio of 2.10. BigBear.ai has a 52-week low of $1.17 and a 52-week high of $4.80. The business’s 50-day simple moving average is $1.58 and its 200 day simple moving average is $1.52. The company has a market cap of $438.88 million, a price-to-earnings ratio of -1.91 and a beta of 3.46.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the completion of the transaction, the director now owns 143,713,297 shares in the company, valued at $255,809,668.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on BBAI. Cantor Fitzgerald reiterated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday. HC Wainwright reiterated a “buy” rating and set a $3.00 target price on shares of BigBear.ai in a research report on Wednesday.

BigBear.ai Company Profile

BigBear.ai Holdings, Inc provides artificial intelligence-powered decision intelligence solutions. It offers national security, supply chain management, and digital identity and biometrics solutions. The company also provides data ingestion, data enrichment, data processing, artificial intelligence, machine learning, predictive analytics, and predictive visualization solutions and services.