Kratos Defense & Security Solutions (KTOS) Scheduled to Post Earnings on Wednesday

Kratos Defense & Security Solutions (NASDAQ:KTOS) will release its earnings data after the market closes on Wednesday, August 7th. Analysts expect Kratos Defense & Security Solutions to post earnings of $0.08 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.05 by $0.06. The business had revenue of $277.20 million during the quarter, compared to analyst estimates of $250.48 million. Kratos Defense & Security Solutions had a negative net margin of 0.06% and a positive return on equity of 3.43%. The company’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 EPS. On average, analysts expect Kratos Defense & Security Solutions to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Kratos Defense & Security Solutions Stock Performance

KTOS traded up $0.11 on Wednesday, hitting $22.50. 16,825 shares of the company’s stock were exchanged, compared to its average volume of 1,188,074. The company has a current ratio of 3.02, a quick ratio of 2.47 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average of $20.98 and a two-hundred day moving average of $19.32. Kratos Defense & Security Solutions has a twelve month low of $13.98 and a twelve month high of $22.87. The firm has a market cap of $3.38 billion, a PE ratio of 86.81 and a beta of 1.05.

Insider Activity

In related news, CFO Deanna H. Lund sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $20.00, for a total value of $120,000.00. Following the transaction, the chief financial officer now directly owns 310,001 shares of the company’s stock, valued at approximately $6,200,020. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $20.20, for a total value of $30,300.00. Following the completion of the transaction, the senior vice president now owns 65,515 shares of the company’s stock, valued at $1,323,403. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $20.00, for a total value of $120,000.00. Following the transaction, the chief financial officer now directly owns 310,001 shares of the company’s stock, valued at $6,200,020. The disclosure for this sale can be found here. Insiders sold a total of 168,220 shares of company stock valued at $3,603,256 over the last three months. Insiders own 2.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KTOS. Royal Bank of Canada boosted their price target on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Raymond James upgraded shares of Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $20.00 to $27.00 in a research note on Friday, April 26th. BTIG Research initiated coverage on Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They set a “neutral” rating for the company. Jefferies Financial Group lowered their target price on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, April 10th. Finally, Benchmark reiterated a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, June 28th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.50.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.