Kratos Defense & Security Solutions, Inc (KTOS) Expected to Post Earnings of $0.03 Per Share

Brokerages expect that Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) will post earnings of $0.03 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Kratos Defense & Security Solutions’ earnings. The highest EPS estimate is $0.04 and the lowest is $0.02. Kratos Defense & Security Solutions also posted earnings per share of $0.03 during the same quarter last year. The business is expected to announce its next earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Kratos Defense & Security Solutions will report full year earnings of $0.18 per share for the current fiscal year, with EPS estimates ranging from $0.18 to $0.19. For the next year, analysts forecast that the company will post earnings of $0.36 per share, with EPS estimates ranging from $0.29 to $0.41. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Kratos Defense & Security Solutions.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Thursday, August 2nd. The aerospace company reported $0.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. Kratos Defense & Security Solutions had a positive return on equity of 2.54% and a negative net margin of 5.26%. The firm had revenue of $151.20 million during the quarter, compared to analyst estimates of $147.00 million. During the same quarter in the previous year, the business earned $0.01 EPS. Kratos Defense & Security Solutions’s revenue for the quarter was up 2.2% compared to the same quarter last year.

KTOS has been the topic of several research analyst reports. Canaccord Genuity reiterated a “buy” rating and issued a $15.00 price objective on shares of Kratos Defense & Security Solutions in a report on Tuesday, July 10th. BidaskClub upgraded Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, July 17th. Zacks Investment Research cut Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. ValuEngine upgraded Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Finally, Noble Financial reiterated a “buy” rating and issued a $20.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $14.25.

In other news, insider Thomas E. Iv Mills sold 73,372 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $13.19, for a total transaction of $967,776.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bandel L. Carano bought 10,000 shares of the stock in a transaction dated Tuesday, August 7th. The shares were bought at an average price of $12.70 per share, for a total transaction of $127,000.00. The disclosure for this purchase can be found here. Insiders own 15.60% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Cornerstone Wealth Management LLC acquired a new position in Kratos Defense & Security Solutions in the second quarter valued at approximately $476,000. SG Americas Securities LLC acquired a new position in Kratos Defense & Security Solutions in the first quarter valued at approximately $112,000. WINTON GROUP Ltd acquired a new position in Kratos Defense & Security Solutions in the first quarter valued at approximately $119,000. Campbell & CO Investment Adviser LLC acquired a new position in Kratos Defense & Security Solutions in the second quarter valued at approximately $196,000. Finally, Sei Investments Co. lifted its holdings in Kratos Defense & Security Solutions by 4,596.4% in the second quarter. Sei Investments Co. now owns 19,443 shares of the aerospace company’s stock valued at $224,000 after acquiring an additional 19,029 shares during the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

KTOS stock traded down $0.22 during trading on Friday, hitting $13.53. The stock had a trading volume of 29,304 shares, compared to its average volume of 1,492,646. The company has a current ratio of 2.89, a quick ratio of 2.59 and a debt-to-equity ratio of 0.58. Kratos Defense & Security Solutions has a twelve month low of $8.90 and a twelve month high of $14.94. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 342.00, a PEG ratio of 17.14 and a beta of 2.30.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through three segments: Kratos Government Solutions, Unmanned Systems, and Public Safety & Security. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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