Orbital Sciences Corp. (ORB) Posts Quarterly Earnings, Beats Expectations By $0.02 EPS
Orbital Sciences Corp. (NYSE:ORB) issued its quarterly earnings data on Thursday. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.02, StockRatingsNetwork reports. The company had revenue of $375.40 million for the quarter, compared to the consensus estimate of $397.40 million.
Orbital Sciences Corp. (NYSE:ORB) opened at 26.25 on Thursday. Orbital Sciences Corp. has a 52 week low of $14.01 and a 52 week high of $26.25. The stock’s 50-day moving average is $24.25 and its 200-day moving average is $21.92. The company has a market cap of $1.587 billion and a P/E ratio of 24.28.
On the ratings front, analysts at Zacks upgraded shares of Orbital Sciences Corp. from a “neutral” rating to an “outperform” rating in a research note on Monday, January 13th. They now have a $26.60 price target on the stock.
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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