Kratos Defense & Security Solutions (KTOS) Reaches New 12-Month High Following Strong Earnings

Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) shares reached a new 52-week high during mid-day trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $15.00 and last traded at $14.90, with a volume of 230497 shares changing hands. The stock had previously closed at $13.19.

The aerospace company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. Kratos Defense & Security Solutions had a negative net margin of 5.26% and a positive return on equity of 2.54%. The firm had revenue of $159.40 million for the quarter, compared to analyst estimates of $157.65 million. During the same period last year, the firm earned $0.03 EPS. The business’s quarterly revenue was up 1.5% compared to the same quarter last year.

Several research firms have commented on KTOS. BidaskClub lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Zacks Investment Research lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Canaccord Genuity reissued a “buy” rating and issued a $15.00 target price on shares of Kratos Defense & Security Solutions in a report on Tuesday, July 10th. Finally, Noble Financial reissued a “buy” rating and issued a $20.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $14.25.

In other news, insider Thomas E. Iv Mills sold 73,372 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $13.19, for a total value of $967,776.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 15.60% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Cornerstone Wealth Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at approximately $476,000. Public Employees Retirement Association of Colorado boosted its stake in shares of Kratos Defense & Security Solutions by 252.3% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 11,110 shares of the aerospace company’s stock valued at $164,000 after purchasing an additional 7,956 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at approximately $170,000. WINTON GROUP Ltd acquired a new stake in Kratos Defense & Security Solutions during the 1st quarter worth approximately $119,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Kratos Defense & Security Solutions during the 2nd quarter worth approximately $196,000. Institutional investors own 90.75% of the company’s stock.

The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.59 and a current ratio of 2.89. The stock has a market capitalization of $1.35 billion, a P/E ratio of 372.63, a P/E/G ratio of 15.05 and a beta of 2.34.

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Kratos Defense & Security Solutions Company Profile (NASDAQ:KTOS)

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.

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