Insider Selling: Janice Obuchowski Sells 15,000 Shares of Orbital Sciences Corp. Stock (ORB)
Orbital Sciences Corp. (NYSE:ORB) Director Janice Obuchowski sold 15,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $23.25, for a total transaction of $348,750.00. Following the completion of the sale, the director now directly owns 34,055 shares of the company’s stock, valued at approximately $791,779. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Separately, 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 equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $21.15.
Orbital Sciences Corp. (NYSE:ORB) traded down 1.19% on Monday, hitting $23.20. 411,248 shares of the company’s stock traded hands. Orbital Sciences Corp. has a 52 week low of $11.90 and a 52 week high of $23.91. The stock’s 50-day moving average is $21.87 and its 200-day moving average is $19.05. The company has a market cap of $1.403 billion and a price-to-earnings ratio of 21.72.
Orbital Sciences Corp. (NYSE:ORB) last announced its earnings results on Thursday, October 17th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.03. The company had revenue of $322.00 million for the quarter, compared to the consensus estimate of $360.08 million. During the same quarter last year, the company posted $0.33 earnings per share. Orbital Sciences Corp.’s revenue was down 13.6% compared to the same quarter last year. On average, analysts predict that Orbital Sciences Corp. will post $1.13 earnings per share 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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