Zacks: Analysts Expect Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Will Post Quarterly Sales of $209.48 Million

Brokerages expect Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) to announce $209.48 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Kratos Defense & Security Solutions’ earnings. The lowest sales estimate is $208.90 million and the highest is $210.10 million. Kratos Defense & Security Solutions posted sales of $206.40 million in the same quarter last year, which would indicate a positive year over year growth rate of 1.5%. The business is expected to report its next earnings results on Thursday, February 24th.

According to Zacks, analysts expect that Kratos Defense & Security Solutions will report full year sales of $809.42 million for the current fiscal year, with estimates ranging from $808.80 million to $810.00 million. For the next fiscal year, analysts forecast that the business will post sales of $889.50 million, with estimates ranging from $873.90 million to $910.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Kratos Defense & Security Solutions.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Wednesday, November 3rd. The aerospace company reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.07. Kratos Defense & Security Solutions had a net margin of 9.76% and a return on equity of 1.87%. The firm had revenue of $200.60 million during the quarter, compared to analysts’ expectations of $203.24 million. During the same period in the prior year, the company posted $0.11 EPS.

Several equities analysts have issued reports on KTOS shares. TheStreet cut shares of Kratos Defense & Security Solutions from a “b-” rating to a “c+” rating in a research report on Wednesday, October 6th. Canaccord Genuity reduced their price objective on shares of Kratos Defense & Security Solutions from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, November 4th. Truist reduced their price objective on shares of Kratos Defense & Security Solutions from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday, October 15th. Royal Bank of Canada initiated coverage on shares of Kratos Defense & Security Solutions in a research note on Thursday, October 21st. They issued an “outperform” rating and a $28.00 price objective on the stock. Finally, Truist Securities reduced their price objective on shares of Kratos Defense & Security Solutions from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday, October 15th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of “Buy” and an average price target of $27.89.

NASDAQ KTOS traded up $0.35 on Thursday, hitting $20.71. The company’s stock had a trading volume of 513,960 shares, compared to its average volume of 1,124,312. The company has a quick ratio of 3.24, a current ratio of 3.67 and a debt-to-equity ratio of 0.31. Kratos Defense & Security Solutions has a 1-year low of $19.87 and a 1-year high of $34.11. The company’s 50-day moving average is $22.10 and its 200 day moving average is $24.29. The firm has a market cap of $2.57 billion, a PE ratio of 33.40 and a beta of 0.73.

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction on Monday, August 30th. The shares were sold at an average price of $24.95, for a total value of $174,650.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Deanna H. Lund sold 11,500 shares of the firm’s stock in a transaction on Monday, November 22nd. The shares were sold at an average price of $20.13, for a total transaction of $231,495.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,984 shares of company stock worth $2,191,703. 1.83% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. Albion Financial Group UT purchased a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at about $25,000. Rockefeller Capital Management L.P. raised its holdings in shares of Kratos Defense & Security Solutions by 273.4% in the second quarter. Rockefeller Capital Management L.P. now owns 956 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 700 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at about $41,000. Arkadios Wealth Advisors purchased a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at about $42,000. Finally, Ameritas Investment Company LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the first quarter valued at about $46,000. Institutional investors own 86.27% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc provides mission critical products, services and solutions for United States national security priorities. Its products include microwave electronic products, satellite communications, modular systems, and rocket support operating. The company was founded on December 19, 1994 and is headquartered in Round Rock, TX.

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Earnings History and Estimates for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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