Orbital Sciences Corp. (ORB) Releases Quarterly Earnings Results
Orbital Sciences Corp. (NYSE:ORB) released its earnings data on Thursday. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03, Analyst Ratings Network.com reports. The company had revenue of $322.00 million for the quarter, compared to the consensus estimate of $360.08 million.
Shares of Orbital Sciences Corp. (NYSE:ORB) opened at 21.76 on Thursday. Orbital Sciences Corp. has a 52 week low of $11.90 and a 52 week high of $22.98. The stock’s 50-day moving average is $20.13 and its 200-day moving average is $18.50. The company has a market cap of $1.309 billion and a P/E ratio of 18.92.
A number of analysts have recently weighed in on ORB shares. Analysts at Jefferies Group reiterated a “buy” rating on shares of Orbital Sciences Corp. in a research note to investors on Monday, September 16th. They now have a $27.00 price target on the stock, up previously from $24.00. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Orbital Sciences Corp. presently has a consensus rating of “Buy” and an average target price of $21.15.
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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