Kratos Defense & Security Solutions (NASDAQ:KTOS) announced its earnings results on Tuesday. The aerospace company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.05, RTT News reports. 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 $159.40 million for the quarter, compared to the consensus estimate of $157.65 million. During the same period in the previous year, the business earned $0.03 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis.
Kratos Defense & Security Solutions stock traded up $0.15 during trading hours on Tuesday, hitting $13.19. 1,074,369 shares of the stock traded hands, compared to its average volume of 1,446,882. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.59 and a current ratio of 2.89. The company has a market cap of $1.35 billion, a PE ratio of 329.75, a PEG ratio of 15.05 and a beta of 2.34. Kratos Defense & Security Solutions has a 1 year low of $8.90 and a 1 year high of $14.94.
In other Kratos Defense & Security Solutions news, insider Thomas E. Iv Mills sold 73,372 shares of the business’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $13.19, for a total transaction of $967,776.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 15.60% of the stock is currently owned by insiders.
Several research analysts recently weighed in on the company. BidaskClub downgraded Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Noble Financial restated a “buy” rating and set a $20.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, August 3rd. Zacks Investment Research downgraded Kratos Defense & Security Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Finally, Canaccord Genuity restated a “buy” rating and set a $15.00 target price on shares of Kratos Defense & Security Solutions in a research note on Tuesday, July 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Kratos Defense & Security Solutions has a consensus rating of “Hold” and an average target price of $14.25.
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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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