Analysts Expect Telos Co. (NASDAQ:TLS) Will Post Quarterly Sales of $63.30 Million

Wall Street analysts predict that Telos Co. (NASDAQ:TLS) will post sales of $63.30 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Telos’ earnings, with the highest sales estimate coming in at $64.20 million and the lowest estimate coming in at $61.60 million. Telos posted sales of $44.90 million during the same quarter last year, which suggests a positive year over year growth rate of 41%. The firm is scheduled to announce its next quarterly earnings report on Thursday, March 24th.

According to Zacks, analysts expect that Telos will report full year sales of $241.66 million for the current year, with estimates ranging from $239.98 million to $242.60 million. For the next year, analysts expect that the firm will post sales of $284.52 million, with estimates ranging from $265.96 million to $307.60 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Telos.

Telos (NASDAQ:TLS) last posted its earnings results on Monday, November 15th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $70.07 million for the quarter, compared to analyst estimates of $76.30 million. Telos had a negative net margin of 15.67% and a negative return on equity of 13.80%.

TLS has been the subject of several research reports. Needham & Company LLC dropped their price target on Telos from $47.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, November 16th. BMO Capital Markets dropped their target price on shares of Telos from $32.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, November 16th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Telos from a “hold” rating to a “sell” rating in a research note on Saturday, November 13th. Colliers Securities cut shares of Telos from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 16th. Finally, Wedbush downgraded shares of Telos from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $47.00 to $18.00 in a report on Monday, November 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $29.75.

NASDAQ TLS traded down $0.44 on Friday, hitting $13.65. The company had a trading volume of 710,155 shares, compared to its average volume of 679,545. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.53 and a quick ratio of 3.50. The company’s fifty day moving average price is $17.07 and its 200-day moving average price is $25.15. The company has a market capitalization of $911.21 million, a PE ratio of -26.72 and a beta of 2.14. Telos has a 12-month low of $12.92 and a 12-month high of $41.84.

In other news, CEO John B. Wood acquired 100,000 shares of the company’s stock in a transaction on Wednesday, November 17th. The shares were bought at an average cost of $18.14 per share, with a total value of $1,814,000.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jefferson V. Wright sold 14,000 shares of Telos stock in a transaction on Friday, November 5th. The stock was sold at an average price of $26.17, for a total transaction of $366,380.00. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. Financial Insights Inc. acquired a new stake in Telos during the 2nd quarter worth $34,000. Macquarie Group Ltd. purchased a new position in shares of Telos during the third quarter worth about $52,000. Parallel Advisors LLC acquired a new stake in shares of Telos during the second quarter worth about $66,000. Legal & General Group Plc lifted its holdings in shares of Telos by 68.7% in the 2nd quarter. Legal & General Group Plc now owns 2,867 shares of the company’s stock valued at $97,000 after purchasing an additional 1,168 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Telos by 119.4% in the 3rd quarter. Royal Bank of Canada now owns 4,246 shares of the company’s stock valued at $120,000 after purchasing an additional 2,311 shares during the period. Hedge funds and other institutional investors own 60.16% of the company’s stock.

Telos Company Profile

Telos Corporation, together with its subsidiaries, provides information technology (IT) solutions and services worldwide. It provides Xacta, a premier platform for enterprise cyber risk management and security compliance automation solutions to large commercial and government enterprises; and Telos Ghost, a solution to eliminate cyber-attack surfaces by obfuscating and encrypting data, masking user identity and location, and hiding network resources, as well as provides security and privacy for intelligence gathering, cyber threat protection, securing critical infrastructure, and protecting communications and applications.

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Earnings History and Estimates for Telos (NASDAQ:TLS)

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