Equities Analysts Set Expectations for LUNR FY2024 Earnings

Intuitive Machines, Inc. (NASDAQ:LUNR) – Cantor Fitzgerald issued their FY2024 earnings per share estimates for Intuitive Machines in a note issued to 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 research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Intuitive Machines in a research note on Tuesday, February 25th. They set a “hold” rating and a $18.00 target price on the stock. Benchmark reissued a “buy” rating and issued a $16.00 target price on shares of Intuitive Machines in a research report on Tuesday. Bank of America started coverage on Intuitive Machines in a research report on Wednesday, February 5th. They set an “underperform” rating and a $16.00 price target on the stock. Roth Mkm lowered their price objective on Intuitive Machines from $20.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Finally, Roth Capital set a $20.00 target price on shares of Intuitive Machines in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Intuitive Machines has an average rating of “Moderate Buy” and an average target price of $16.00.

Intuitive Machines Stock Down 4.5 %

Shares of Intuitive Machines stock opened at $8.79 on Thursday. The company has a market cap of $1.23 billion, a PE ratio of -2.99 and a beta of 1.01. The business has a 50 day moving average of $15.70 and a 200 day moving average of $12.93. Intuitive Machines has a 52 week low of $3.15 and a 52 week high of $24.95.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.12. The business had revenue of $54.66 million for the quarter, compared to analysts’ expectations of $72.58 million.

Institutional Investors Weigh In On Intuitive Machines

Several large investors have recently bought and sold shares of LUNR. FORA Capital LLC purchased a new stake in shares of Intuitive Machines during the 3rd quarter valued at about $458,000. Geode Capital Management LLC boosted its holdings in Intuitive Machines by 31.2% in the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock worth $7,514,000 after purchasing an additional 222,136 shares during the last quarter. Van ECK Associates Corp bought a new stake in Intuitive Machines in the 4th quarter worth approximately $3,403,000. Entropy Technologies LP purchased a new stake in Intuitive Machines during the 4th quarter valued at $895,000. Finally, Spire Wealth Management bought a new position in shares of Intuitive Machines during the 4th quarter valued at $469,000. 72.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

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.