Kratos Defense & Security Solutions, Inc (KTOS) Expected to Announce Earnings of $0.06 Per Share

Equities research analysts expect Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) to announce earnings of $0.06 per share for the current quarter, according to Zacks. Six analysts have made estimates for Kratos Defense & Security Solutions’ earnings. The lowest EPS estimate is $0.04 and the highest is $0.07. Kratos Defense & Security Solutions posted earnings per share of $0.09 during the same quarter last year, which would suggest a negative year-over-year growth rate of 33.3%. The company is scheduled to announce its next earnings report on Wednesday, February 27th.

On average, analysts expect that Kratos Defense & Security Solutions will report full-year earnings of $0.20 per share for the current financial year, with EPS estimates ranging from $0.19 to $0.22. For the next financial year, analysts anticipate that the firm will report earnings of $0.36 per share, with EPS estimates ranging from $0.29 to $0.42. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Kratos Defense & Security Solutions.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Tuesday, November 6th. The aerospace company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. Kratos Defense & Security Solutions had a negative net margin of 4.64% and a positive return on equity of 3.99%. The firm had revenue of $159.40 million during the quarter, compared to analyst estimates of $157.65 million. During the same period in the previous year, the business earned $0.03 EPS. The business’s revenue for the quarter was up 1.5% on a year-over-year basis.

Several brokerages have recently commented on KTOS. BidaskClub downgraded shares of Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 5th. Zacks Investment Research upgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Friday, November 9th. B. Riley reiterated a “buy” rating on shares of Kratos Defense & Security Solutions in a research note on Wednesday, November 7th. Robert W. Baird started coverage on shares of Kratos Defense & Security Solutions in a research report on Monday. They set an “outperform” rating and a $19.00 price objective on the stock. Finally, ValuEngine upgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 7th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Kratos Defense & Security Solutions has an average rating of “Buy” and a consensus price target of $15.50.

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC grew its position in Kratos Defense & Security Solutions by 743.9% during the 2nd quarter. FMR LLC now owns 6,045,983 shares of the aerospace company’s stock worth $69,589,000 after purchasing an additional 5,329,583 shares during the last quarter. Capital International Investors acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at $46,587,000. Capital Research Global Investors acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at $38,280,000. Impala Asset Management LLC raised its position in Kratos Defense & Security Solutions by 98.2% during the third quarter. Impala Asset Management LLC now owns 970,591 shares of the aerospace company’s stock worth $14,345,000 after acquiring an additional 480,765 shares during the period. Finally, Hardman Johnston Global Advisors LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth $6,259,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions stock traded down $0.61 during mid-day trading on Friday, hitting $12.81. The company’s stock had a trading volume of 2,153,262 shares, compared to its average volume of 1,311,324. The company has a quick ratio of 2.60, a current ratio of 2.89 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1.38 billion, a PE ratio of 320.25, a P/E/G ratio of 12.78 and a beta of 2.47. Kratos Defense & Security Solutions has a 12 month low of $8.90 and a 12 month high of $16.09.

Kratos Defense & Security Solutions Company Profile

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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