$187.89 Million in Sales Expected for Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) This Quarter

Equities research analysts expect that Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) will post $187.89 million in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Kratos Defense & Security Solutions’ earnings, with the lowest sales estimate coming in at $177.00 million and the highest estimate coming in at $198.22 million. Kratos Defense & Security Solutions reported sales of $168.90 million in the same quarter last year, which indicates a positive year-over-year growth rate of 11.2%. The business is scheduled to announce its next earnings report on Thursday, May 6th.

On average, analysts expect that Kratos Defense & Security Solutions will report full-year sales of $828.15 million for the current financial year, with estimates ranging from $811.00 million to $852.75 million. For the next financial year, analysts anticipate that the company will post sales of $942.46 million, with estimates ranging from $910.00 million to $975.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Kratos Defense & Security Solutions.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Thursday, February 25th. The aerospace company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). Kratos Defense & Security Solutions had a net margin of 0.62% and a return on equity of 3.99%. The business had revenue of $206.40 million for the quarter, compared to the consensus estimate of $218.72 million.

A number of brokerages recently weighed in on KTOS. Jefferies Financial Group downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating and boosted their price objective for the company from $23.00 to $27.00 in a research report on Thursday, January 7th. Robert W. Baird restated a “neutral” rating and issued a $29.00 target price on shares of Kratos Defense & Security Solutions in a research report on Thursday, February 25th. B. Riley cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and set a $28.00 target price for the company. in a research report on Wednesday, January 6th. They noted that the move was a valuation call. Noble Financial cut shares of Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating in a research report on Friday, February 26th. Finally, Canaccord Genuity upped their target price on shares of Kratos Defense & Security Solutions from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, March 4th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $25.90.

Shares of NASDAQ:KTOS traded up $0.65 during trading on Monday, reaching $28.62. 35,062 shares of the company’s stock traded hands, compared to its average volume of 1,523,950. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.86 and a quick ratio of 3.47. Kratos Defense & Security Solutions has a 12 month low of $13.34 and a 12 month high of $34.11. The company has a 50 day moving average of $27.23 and a 200-day moving average of $24.73. The stock has a market capitalization of $3.53 billion, a P/E ratio of 699.42 and a beta of 1.09.

In related news, SVP Benjamin M. Goodwin sold 1,473 shares of the stock in a transaction that occurred on Thursday, January 21st. The shares were sold at an average price of $29.10, for a total transaction of $42,864.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Deanna H. Lund sold 10,070 shares of the stock in a transaction that occurred on Thursday, January 21st. The shares were sold at an average price of $29.17, for a total transaction of $293,741.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,945 shares of company stock valued at $1,468,656. Company insiders own 15.54% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter valued at approximately $31,760,000. Capital Asset Advisory Services LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter valued at approximately $236,000. UBS Asset Management Americas Inc. lifted its position in shares of Kratos Defense & Security Solutions by 6.3% in the 4th quarter. UBS Asset Management Americas Inc. now owns 123,912 shares of the aerospace company’s stock valued at $3,399,000 after acquiring an additional 7,321 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter valued at approximately $256,000. Finally, Principal Financial Group Inc. increased its stake in Kratos Defense & Security Solutions by 67.8% in the 4th quarter. Principal Financial Group Inc. now owns 30,737 shares of the aerospace company’s stock valued at $843,000 after buying an additional 12,415 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc operates as a government contractor of the U.S. Department of Defense. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, space, training and cybersecurity/ warfare, satellite communications, C5ISR/ modular systems, turbine technologies, and defense and rocket support services.

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Earnings History and Estimates for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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