Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Expected to Post Earnings of $0.05 Per Share

Wall Street analysts forecast that Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) will post earnings of $0.05 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Kratos Defense & Security Solutions’ earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.09. Kratos Defense & Security Solutions posted earnings per share of $0.09 during the same quarter last year, which indicates a negative year-over-year growth rate of 44.4%. The business is expected to report its next quarterly earnings report on Thursday, May 6th.

On average, analysts expect that Kratos Defense & Security Solutions will report full year earnings of $0.39 per share for the current fiscal year, with EPS estimates ranging from $0.26 to $0.50. For the next financial year, analysts anticipate that the firm will post earnings of $0.52 per share, with EPS estimates ranging from $0.38 to $0.65. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Kratos Defense & Security Solutions.

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

Several equities analysts recently commented on KTOS shares. B. Riley cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and set a $28.00 price objective for the company. in a research note on Wednesday, January 6th. They noted that the move was a valuation call. Truist cut Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating and set a $27.00 target price for the company. in a research report on Monday, January 11th. Robert W. Baird reiterated a “neutral” rating and set a $29.00 price target on shares of Kratos Defense & Security Solutions in a research report on Thursday, February 25th. Alembic Global Advisors downgraded shares of Kratos Defense & Security Solutions from an “overweight” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research note on Monday, March 1st. Finally, TheStreet raised shares of Kratos Defense & Security Solutions from a “c+” rating to a “b” rating in a report on Friday, April 16th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $25.90.

Shares of Kratos Defense & Security Solutions stock opened at $26.45 on Tuesday. Kratos Defense & Security Solutions has a 1 year low of $13.98 and a 1 year high of $34.11. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.86 and a quick ratio of 3.47. The stock has a fifty day moving average price of $26.68 and a 200-day moving average price of $25.35. The firm has a market cap of $3.27 billion, a PE ratio of 661.29 and a beta of 1.09.

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco sold 10,000 shares of the stock in a transaction on Monday, March 22nd. The shares were sold at an average price of $25.56, for a total transaction of $255,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Benjamin M. Goodwin sold 2,500 shares of the firm’s stock in a transaction on Monday, February 22nd. The stock was sold at an average price of $30.00, for a total transaction of $75,000.00. The disclosure for this sale can be found here. Insiders sold 49,432 shares of company stock worth $1,408,159 in the last 90 days. Company insiders own 15.54% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Kratos Defense & Security Solutions during the fourth quarter valued at approximately $31,760,000. Price T Rowe Associates Inc. MD lifted its position in shares of Kratos Defense & Security Solutions by 17.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,188,176 shares of the aerospace company’s stock worth $114,882,000 after purchasing an additional 613,944 shares during the period. Thornburg Investment Management Inc. bought a new position in Kratos Defense & Security Solutions in the fourth quarter worth about $13,804,000. Morgan Stanley lifted its holdings in Kratos Defense & Security Solutions by 66.5% in the fourth quarter. Morgan Stanley now owns 1,248,625 shares of the aerospace company’s stock worth $34,249,000 after buying an additional 498,684 shares during the period. Finally, Washington Harbour Partners LP purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth approximately $8,997,000. Hedge funds and other institutional investors 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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