Intuitive Machines (LUNR) Scheduled to Post Quarterly Earnings on Tuesday

Intuitive Machines (NASDAQ:LUNR) will be posting its quarterly earnings results before the market opens on Tuesday, August 13th. Analysts expect Intuitive Machines to post earnings of ($0.14) per share for the quarter. Intuitive Machines has set its FY 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Tuesday, May 14th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). The business had revenue of $73.07 million during the quarter, compared to the consensus estimate of $45.00 million. During the same quarter in the prior year, the business earned ($0.24) earnings per share. 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 Performance

Shares of LUNR stock traded up $0.09 on Tuesday, hitting $3.43. 1,080,078 shares of the stock traded hands, compared to its average volume of 5,620,263. Intuitive Machines has a twelve month low of $2.09 and a twelve month high of $13.25. The firm’s 50-day moving average price is $4.07 and its two-hundred day moving average price is $4.93. The stock has a market capitalization of $427.49 million, a PE ratio of 8.51 and a beta of 0.21.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, SVP Timothy Price Crain II sold 74,423 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $3.93, for a total transaction of $292,482.39. Following the transaction, the senior vice president now directly owns 362,810 shares in the company, valued at $1,425,843.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Intuitive Machines news, SVP Timothy Price Crain II sold 74,423 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $3.93, for a total transaction of $292,482.39. Following the sale, the senior vice president now directly owns 362,810 shares in the company, valued at $1,425,843.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen J. Altemus sold 203,018 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $4.53, for a total transaction of $919,671.54. Following the completion of the transaction, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at approximately $4,126,463.07. The disclosure for this sale can be found here. In the last quarter, insiders sold 481,473 shares of company stock worth $2,004,098. Insiders own 73.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LUNR. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 target price on shares of Intuitive Machines in a report on Monday, July 22nd. Canaccord Genuity Group lowered their price objective on Intuitive Machines from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Roth Mkm cut their target price on Intuitive Machines from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Finally, B. Riley initiated coverage on Intuitive Machines in a research note on Friday, June 28th. They issued a “buy” rating and a $8.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $9.80.

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.