Orbital Sciences Corp (ORB) Announces Quarterly Results
Orbital Sciences Corp (NYSE:ORB) posted its quarterly earnings results on Thursday. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.05, AnalystRatingsNetwork reports. The company had revenue of $318.10 million for the quarter, compared to the consensus estimate of $357.90 million. During the same quarter in the prior year, the company posted $0.27 earnings per share.
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 from $31.00 to $37.00 in a research note on Tuesday, July 1st. They now have a “buy” rating on the stock. On a related note, analysts at Stifel Nicolaus raised their price target on shares of Orbital Sciences Corp from $36.00 to $37.00 in a research note on Wednesday, April 30th. They now have a “buy” rating on the stock. Finally, analysts at KeyCorp downgraded shares of Orbital Sciences Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $36.33.
Orbital Sciences Corp (NYSE:ORB) opened at 28.70 on Thursday. Orbital Sciences Corp has a 1-year low of $17.26 and a 1-year high of $34.16. The stock’s 50-day moving average is $28.75 and its 200-day moving average is $27.20. The company has a market cap of $1.738 billion and a price-to-earnings ratio of 28.69.
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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