Vertical Aerospace (EVTL) to Release Quarterly Earnings on Friday

Vertical Aerospace (NYSE:EVTL) will likely be announcing its results before the market opens on Friday, December 19th. Analysts expect the company to announce earnings of ($0.23) per share for the quarter.

Vertical Aerospace (NYSE:EVTL) last issued its quarterly earnings data on Tuesday, November 4th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.09). On average, analysts expect Vertical Aerospace to post $-4 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Vertical Aerospace Stock Up 1.6%

NYSE:EVTL opened at $5.68 on Wednesday. The stock has a market capitalization of $559.45 million, a price-to-earnings ratio of -0.12 and a beta of 1.23. Vertical Aerospace has a 52 week low of $2.76 and a 52 week high of $15.99. The firm has a 50 day moving average of $4.91 and a 200 day moving average of $5.36.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vertical Aerospace in a report on Wednesday, October 8th. D. Boral Capital reiterated a “buy” rating and issued a $14.00 price target on shares of Vertical Aerospace in a research note on Wednesday, December 3rd. Canaccord Genuity Group reissued a “buy” rating and issued a $11.00 price target on shares of Vertical Aerospace in a report on Monday, September 22nd. Needham & Company LLC restated a “buy” rating and set a $11.00 price objective (up previously from $9.00) on shares of Vertical Aerospace in a report on Monday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Vertical Aerospace in a research report on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.80.

Institutional Trading of Vertical Aerospace

Several large investors have recently made changes to their positions in EVTL. Quarry LP purchased a new position in shares of Vertical Aerospace during the third quarter worth $49,000. Virtu Financial LLC acquired a new stake in Vertical Aerospace during the 3rd quarter worth about $53,000. Boothbay Fund Management LLC acquired a new stake in Vertical Aerospace during the 3rd quarter worth about $65,000. Schonfeld Strategic Advisors LLC acquired a new stake in Vertical Aerospace during the 3rd quarter worth about $73,000. Finally, Jump Financial LLC purchased a new position in shares of Vertical Aerospace during the 2nd quarter valued at about $91,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

About Vertical Aerospace

Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility in the United Kingdom. It offers VX4, an eVTOL aircraft. Vertical Aerospace Ltd.