Intuitive Machines (LUNR) Scheduled to Post Quarterly Earnings on Tuesday

Intuitive Machines (NASDAQ:LUNR) is scheduled to be releasing its earnings data before the market opens on Tuesday, May 14th. Analysts expect Intuitive Machines to post earnings of ($0.14) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Monday, March 25th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.01. Intuitive Machines had a negative return on equity of 2.04% and a net margin of 78.98%. The firm had revenue of $30.56 million for the quarter, compared to analyst estimates of $17.70 million. On average, analysts expect Intuitive Machines to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Intuitive Machines Stock Performance

Shares of NASDAQ:LUNR traded up $0.14 during trading hours on Tuesday, hitting $5.71. The stock had a trading volume of 364,647 shares, compared to its average volume of 7,736,587. The firm has a market capitalization of $696.56 million, a price-to-earnings ratio of 2.26 and a beta of 0.34. The stock’s fifty day simple moving average is $5.60 and its 200 day simple moving average is $4.20. Intuitive Machines has a 1-year low of $2.09 and a 1-year high of $13.25.

Insider Buying and Selling

In other news, major shareholder Guy Shanon sold 123,717 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $8.99, for a total transaction of $1,112,215.83. Following the transaction, the insider now directly owns 1,302,673 shares in the company, valued at approximately $11,711,030.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 73.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Cantor Fitzgerald decreased their price target on Intuitive Machines from $13.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Benchmark reissued a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Thursday, April 4th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $15.00 price objective on shares of Intuitive Machines in a report on Thursday, April 4th.

Intuitive Machines Company Profile

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.