Intuitive Machines (LUNR) to Release Quarterly Earnings on Thursday

Intuitive Machines (NASDAQ:LUNR) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of ($0.13) 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 announced its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $41.41 million for the quarter, compared to the consensus estimate of $43.00 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 Up 13.1 %

Intuitive Machines stock opened at $11.00 on Tuesday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -13.26 and a beta of 0.35. The business has a 50 day moving average price of $7.42 and a two-hundred day moving average price of $5.51. Intuitive Machines has a 12 month low of $2.09 and a 12 month high of $13.25.

Insider Activity

In related news, SVP Timothy Price Crain II sold 125,577 shares of Intuitive Machines stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $4.02, for a total value of $504,819.54. Following the transaction, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at $1,458,496.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Kamal Seyed Ghaffarian sold 570,705 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $6.08, for a total value of $3,469,886.40. Following the completion of the sale, the director now directly owns 3,551,606 shares of the company’s stock, valued at $21,593,764.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Timothy Price Crain II sold 125,577 shares of Intuitive Machines stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $4.02, for a total transaction of $504,819.54. Following the transaction, the senior vice president now directly owns 362,810 shares in the company, valued at approximately $1,458,496.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,289,148 shares of company stock valued at $32,122,346 over the last quarter. 73.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LUNR has been the subject of several analyst reports. B. Riley lifted their price target on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Monday, September 30th. Benchmark reissued a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. Finally, Roth Mkm reissued a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, September 18th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $10.60.

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.