Zacks: Analysts Expect Kratos Defense & Security Solutions, Inc (KTOS) to Announce $0.03 Earnings Per Share

Wall Street brokerages predict that Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) will announce earnings of $0.03 per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Kratos Defense & Security Solutions’ earnings, with estimates ranging from $0.02 to $0.04. Kratos Defense & Security Solutions also reported earnings per share of $0.03 during the same quarter last year. The company is expected to announce its next earnings report on Thursday, November 1st.

On average, analysts expect that Kratos Defense & Security Solutions will report full year earnings of $0.18 per share for the current fiscal year, with EPS estimates ranging from $0.18 to $0.19. For the next financial year, analysts forecast that the firm will post earnings of $0.36 per share, with EPS estimates ranging from $0.29 to $0.41. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Kratos Defense & Security Solutions.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Thursday, August 2nd. The aerospace company reported $0.02 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.02. The firm had revenue of $151.20 million for the quarter, compared to the consensus estimate of $147.00 million. Kratos Defense & Security Solutions had a positive return on equity of 2.54% and a negative net margin of 5.26%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the business posted $0.01 EPS.

KTOS has been the topic of a number of research reports. BidaskClub upgraded Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 12th. Zacks Investment Research downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Canaccord Genuity restated a “buy” rating and issued a $15.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, July 10th. Noble Financial restated a “buy” rating and issued a $20.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, August 3rd. Finally, ValuEngine downgraded Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, June 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Kratos Defense & Security Solutions currently has a consensus rating of “Buy” and a consensus price target of $14.25.

Shares of KTOS stock traded down $0.03 on Friday, reaching $12.98. The stock had a trading volume of 900,101 shares, compared to its average volume of 1,504,977. The company has a market cap of $1.53 billion, a P/E ratio of 324.50, a price-to-earnings-growth ratio of 17.14 and a beta of 2.30. Kratos Defense & Security Solutions has a 1 year low of $8.90 and a 1 year high of $14.94. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.89 and a quick ratio of 2.59.

In related news, Director Bandel L. Carano bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The shares were bought at an average cost of $12.70 per share, with a total value of $127,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Thomas E. Iv Mills sold 73,372 shares of the firm’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $13.19, for a total value of $967,776.68. The disclosure for this sale can be found here. 15.60% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Advisors Capital Management LLC bought a new stake in Kratos Defense & Security Solutions during the third quarter valued at about $5,024,000. Northern Trust Corp raised its holdings in Kratos Defense & Security Solutions by 2.9% during the second quarter. Northern Trust Corp now owns 1,155,002 shares of the aerospace company’s stock valued at $13,294,000 after acquiring an additional 33,056 shares during the period. Millennium Management LLC raised its holdings in Kratos Defense & Security Solutions by 11.8% during the second quarter. Millennium Management LLC now owns 3,740,522 shares of the aerospace company’s stock valued at $43,053,000 after acquiring an additional 394,260 shares during the period. Boulegeris Investments Inc. raised its holdings in Kratos Defense & Security Solutions by 61.1% during the second quarter. Boulegeris Investments Inc. now owns 185,585 shares of the aerospace company’s stock valued at $2,136,000 after acquiring an additional 70,390 shares during the period. Finally, Stephens Investment Management Group LLC raised its holdings in Kratos Defense & Security Solutions by 6.8% during the second quarter. Stephens Investment Management Group LLC now owns 1,282,190 shares of the aerospace company’s stock valued at $14,476,000 after acquiring an additional 81,122 shares during the period. 89.55% of the stock is currently owned by institutional investors.

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.

See Also: Intrinsic Value

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