Orbital Sciences Corp. VP Sells $46,073 in Stock (ORB)
Orbital Sciences Corp. (NYSE:ORB) VP Hollis Thompson unloaded 2,452 shares of the company’s stock on the open market in a transaction dated Thursday, September 12th. The shares were sold at an average price of $18.79, for a total value of $46,073.08. Following the completion of the transaction, the vice president now directly owns 35,378 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on ORB shares. Analysts at Jefferies Group raised their price target on shares of Orbital Sciences Corp. (NYSE:ORB) from $21.00 to $24.00 in a research note to investors on Friday, July 19th. They now have a “buy” rating on the stock. Analysts at Zacks downgraded shares of Orbital Sciences Corp. (NYSE:ORB) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, June 25th. They now have a $19.60 price target on the stock.
One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $20.40.
Orbital Sciences Corp. (NYSE:ORB) traded up 0.48% during mid-day trading on Friday, hitting $18.85. 190,496 shares of the company’s stock traded hands. Orbital Sciences Corp. has a 1-year low of $11.90 and a 1-year high of $19.33. The stock has a 50-day moving average of $18.38 and a 200-day moving average of $17.53. The company has a market cap of $1.134 billion and a P/E ratio of 16.31.
Orbital Sciences Corp. (NYSE:ORB) last released its earnings data on Thursday, July 18th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.04. The company had revenue of $333.10 million for the quarter, compared to the consensus estimate of $358.34 million. During the same quarter last year, the company posted $0.25 earnings per share. Orbital Sciences Corp.’s revenue was down 10.3% compared to the same quarter last year. Analysts expect that Orbital Sciences Corp. will post $1.12 EPS for the current fiscal year.
Orbital Sciences Corporation develops and manufactures small- and medium-class rockets and space systems for commercial, military and civil government customers, including the United States Department of Defense (NYSE:ORB), the National Aeronautics and Space Administration (NASA) and other United States Government agencies.
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