Intuitive Machines (NASDAQ:LUNR) Releases Earnings Results, Beats Expectations By $0.12 EPS

Intuitive Machines (NASDAQ:LUNR) announced its quarterly earnings data on Tuesday. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.12, Zacks reports. The firm had revenue of $54.66 million during the quarter, compared to the consensus estimate of $72.58 million.

Intuitive Machines Trading Down 4.5 %

Shares of LUNR stock traded down $0.41 during trading hours on Wednesday, reaching $8.79. 11,594,553 shares of the company’s stock were exchanged, compared to its average volume of 15,385,780. Intuitive Machines has a fifty-two week low of $3.15 and a fifty-two week high of $24.95. The stock’s 50 day moving average is $15.91 and its 200-day moving average is $12.96. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -2.99 and a beta of 1.01.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LUNR shares. Roth Capital set a $20.00 price target on Intuitive Machines in a research report on Friday, March 7th. Benchmark reissued a “buy” rating and set a $16.00 target price on shares of Intuitive Machines in a research report on Tuesday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They issued a “hold” rating and a $18.00 price target for the company. Bank of America initiated coverage on Intuitive Machines in a report on Wednesday, February 5th. They set an “underperform” rating and a $16.00 target price for the company. Finally, Cantor Fitzgerald decreased their price objective on Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Intuitive Machines presently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Insider Transactions at Intuitive Machines

In other Intuitive Machines news, insider Steven Vontur sold 9,266 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $22.50, for a total value of $208,485.00. Following the completion of the transaction, the insider now owns 98,656 shares of the company’s stock, valued at approximately $2,219,760. This trade represents a 8.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business’s stock in a transaction dated 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 sale, the director now owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. The trade was a 9.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 392,713 shares of company stock valued at $7,250,066 in the last quarter. 73.68% of the stock is currently owned by corporate insiders.

About Intuitive Machines

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.