Cantor Fitzgerald Weighs in on LUNR FY2024 Earnings

Intuitive Machines, Inc. (NASDAQ:LUNR) – Cantor Fitzgerald issued their FY2024 EPS estimates for shares of Intuitive Machines in a research report issued to clients and investors on Tuesday, March 25th. Cantor Fitzgerald analyst A. Sheppard anticipates that the company will post earnings per share of ($4.63) for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $13.00 target price on the stock. The consensus estimate for Intuitive Machines’ current full-year earnings is $0.73 per share. Cantor Fitzgerald also issued estimates for Intuitive Machines’ FY2025 earnings at ($0.32) EPS.

LUNR has been the topic of a number of other reports. Bank of America initiated coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They set an “underperform” rating and a $16.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They set a “hold” rating and a $18.00 target price on the stock. Roth Capital set a $20.00 price target on shares of Intuitive Machines in a research note on Friday, March 7th. Benchmark reiterated a “buy” rating and issued a $16.00 price objective on shares of Intuitive Machines in a report on Tuesday. Finally, Canaccord Genuity Group dropped their target price on Intuitive Machines from $22.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Intuitive Machines Trading Down 5.9 %

Shares of NASDAQ LUNR opened at $8.27 on Thursday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -2.81 and a beta of 1.01. The stock’s 50-day moving average is $15.49 and its 200 day moving average is $12.90. Intuitive Machines has a 1-year low of $3.15 and a 1-year high of $24.95.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.12. The firm had revenue of $54.66 million for the quarter, compared to the consensus estimate of $72.58 million.

Insider Buying and Selling

In related news, insider Steven Vontur sold 4,528 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the completion of the sale, the insider now owns 104,272 shares of the company’s stock, valued at $2,043,731.20. This trade represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the transaction, the director now directly owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. The trade was a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 391,767 shares of company stock valued at $7,233,038 over the last ninety days. 73.68% of the stock is owned by insiders.

Hedge Funds Weigh In On Intuitive Machines

A number of institutional investors have recently bought and sold shares of LUNR. Quarry LP bought a new stake in Intuitive Machines during the 4th quarter valued at approximately $44,000. Jones Financial Companies Lllp lifted its stake in shares of Intuitive Machines by 751.3% in the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company’s stock valued at $70,000 after purchasing an additional 3,381 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Intuitive Machines by 201.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock valued at $90,000 after purchasing an additional 3,300 shares in the last quarter. Ancora Advisors LLC purchased a new stake in Intuitive Machines in the fourth quarter worth $91,000. Finally, Victory Capital Management Inc. bought a new position in Intuitive Machines in the fourth quarter worth $183,000. 72.21% of the stock is owned by institutional investors.

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.