Rocket Lab USA (NASDAQ:RKLB – Get Free Report) issued its earnings results on Monday. The rocket manufacturer reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.02, Briefing.com reports. Rocket Lab USA had a negative net margin of 74.64% and a negative return on equity of 30.54%. The company had revenue of $92.80 million for the quarter, compared to analysts’ expectations of $94.98 million. During the same quarter last year, the company posted ($0.10) earnings per share. The firm’s quarterly revenue was up 69.0% on a year-over-year basis. Rocket Lab USA updated its Q2 2024 guidance to EPS.
Rocket Lab USA Stock Down 2.2 %
Shares of RKLB stock opened at $3.97 on Wednesday. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of -10.45 and a beta of 1.18. Rocket Lab USA has a one year low of $3.47 and a one year high of $8.05. The company’s fifty day moving average price is $3.99 and its 200-day moving average price is $4.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.13 and a quick ratio of 1.65.
Insider Activity
In other news, General Counsel Arjun Kampani sold 31,394 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $4.25, for a total transaction of $133,424.50. Following the sale, the general counsel now directly owns 695,147 shares in the company, valued at approximately $2,954,374.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Rocket Lab USA news, CFO Adam C. Spice sold 67,160 shares of Rocket Lab USA stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $4.25, for a total value of $285,430.00. Following the sale, the chief financial officer now directly owns 1,442,206 shares in the company, valued at approximately $6,129,375.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Arjun Kampani sold 31,394 shares of Rocket Lab USA stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $4.25, for a total transaction of $133,424.50. Following the completion of the sale, the general counsel now owns 695,147 shares in the company, valued at $2,954,374.75. The disclosure for this sale can be found here. Insiders own 13.70% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Report on RKLB
Rocket Lab USA Company Profile
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.
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