Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Expected to Post Quarterly Sales of $210.51 Million

Brokerages predict that Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSGet Rating) will announce sales of $210.51 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Kratos Defense & Security Solutions’ earnings, with estimates ranging from $206.00 million to $219.57 million. Kratos Defense & Security Solutions posted sales of $205.10 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.6%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Kratos Defense & Security Solutions will report full-year sales of $894.89 million for the current financial year, with estimates ranging from $885.20 million to $905.00 million. For the next year, analysts anticipate that the business will post sales of $988.96 million, with estimates ranging from $962.40 million to $1.00 billion. Zacks Investment Research’s sales averages 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:KTOSGet Rating) last issued its earnings results on Thursday, May 5th. The aerospace company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. The company had revenue of $196.20 million for the quarter, compared to analysts’ expectations of $197.21 million. Kratos Defense & Security Solutions had a negative net margin of 2.43% and a positive return on equity of 2.05%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company posted $0.01 earnings per share.

Several brokerages have recently weighed in on KTOS. StockNews.com cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, May 21st. Canaccord Genuity Group lowered their target price on shares of Kratos Defense & Security Solutions from $28.00 to $26.00 in a research note on Wednesday, February 23rd. Robert W. Baird upgraded Kratos Defense & Security Solutions from a “neutral” rating to an “outperform” rating and set a $20.00 price target for the company in a research note on Thursday, May 12th. Finally, Truist Financial upgraded Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $25.22.

In other Kratos Defense & Security Solutions news, Director Scot B. Jarvis bought 8,000 shares of the business’s stock in a transaction dated Thursday, May 12th. The shares were purchased at an average price of $13.08 per share, with a total value of $104,640.00. Following the completion of the purchase, the director now owns 110,417 shares in the company, valued at approximately $1,444,254.36. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Scott I. Anderson purchased 10,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, May 16th. The stock was acquired at an average price of $12.75 per share, for a total transaction of $127,500.00. Following the completion of the acquisition, the director now owns 102,735 shares of the company’s stock, valued at approximately $1,309,871.25. The disclosure for this purchase can be found here. In the last quarter, insiders sold 112,889 shares of company stock valued at $2,099,855. Company insiders own 1.83% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd raised its stake in shares of Kratos Defense & Security Solutions by 428.2% during the fourth quarter. Point72 Hong Kong Ltd now owns 1,310 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 1,062 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Kratos Defense & Security Solutions in the first quarter valued at about $35,000. Public Employees Retirement System of Ohio lifted its position in shares of Kratos Defense & Security Solutions by 52.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,823 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 629 shares during the period. Parkside Financial Bank & Trust boosted its position in Kratos Defense & Security Solutions by 100.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,000 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Stephens Inc. AR boosted its position in Kratos Defense & Security Solutions by 38.8% during the first quarter. Stephens Inc. AR now owns 2,306 shares of the aerospace company’s stock valued at $47,000 after purchasing an additional 645 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Shares of KTOS traded up $0.49 during trading hours on Friday, hitting $14.77. The stock had a trading volume of 981,487 shares, compared to its average volume of 1,188,414. The firm has a market capitalization of $1.85 billion, a PE ratio of -98.47 and a beta of 0.80. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.22 and a quick ratio of 3.01. Kratos Defense & Security Solutions has a 12 month low of $12.54 and a 12 month high of $30.29. The stock has a fifty day moving average price of $17.08 and a 200 day moving average price of $18.18.

Kratos Defense & Security Solutions Company Profile (Get Rating)

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 and satellite communications, training and cybersecurity/ warfare, C5ISR/ modular systems, turbine technologies, and defense and rocket support services.

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