Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Expected to Announce Quarterly Sales of $194.63 Million

Equities analysts predict that Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSGet Rating) will report sales of $194.63 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Kratos Defense & Security Solutions’ earnings. The lowest sales estimate is $190.00 million and the highest is $197.20 million. Kratos Defense & Security Solutions reported sales of $194.20 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.2%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Kratos Defense & Security Solutions will report full-year sales of $892.73 million for the current year, with estimates ranging from $883.00 million to $910.20 million. For the next financial year, analysts forecast that the firm will post sales of $992.96 million, with estimates ranging from $971.30 million to $1.01 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Kratos Defense & Security Solutions.

Kratos Defense & Security Solutions (NASDAQ:KTOSGet Rating) last posted its quarterly earnings data on Tuesday, February 22nd. The aerospace company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04. Kratos Defense & Security Solutions had a positive return on equity of 2.26% and a negative net margin of 0.25%. The company had revenue of $211.60 million for the quarter, compared to the consensus estimate of $208.40 million. During the same period in the previous year, the business earned $0.04 EPS. Kratos Defense & Security Solutions’s revenue for the quarter was up 2.5% compared to the same quarter last year.

Several research firms have issued reports on KTOS. Canaccord Genuity Group dropped their price objective on Kratos Defense & Security Solutions from $28.00 to $26.00 in a report on Wednesday, February 23rd. Truist Financial lowered their price objective on Kratos Defense & Security Solutions from $21.00 to $17.00 in a research note on Wednesday, February 23rd. Berenberg Bank assumed coverage on Kratos Defense & Security Solutions in a research note on Friday, January 21st. They set a “buy” rating and a $23.00 price objective for the company. StockNews.com assumed coverage on Kratos Defense & Security Solutions in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, The Goldman Sachs Group downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $30.00 to $21.00 in a research note on Wednesday, January 12th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $26.00.

KTOS stock traded up $0.31 during midday trading on Friday, hitting $19.64. 23,158 shares of the company’s stock were exchanged, compared to its average volume of 1,135,681. The company has a current ratio of 3.43, a quick ratio of 3.01 and a debt-to-equity ratio of 0.31. Kratos Defense & Security Solutions has a 12-month low of $14.93 and a 12-month high of $30.29. The firm has a 50 day moving average price of $18.87 and a 200-day moving average price of $19.79. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of -966.50 and a beta of 0.64.

In other news, SVP Benjamin M. Goodwin sold 3,000 shares of the business’s stock in a transaction on Tuesday, March 8th. The stock was sold at an average price of $20.73, for a total transaction of $62,190.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Marie Mendoza sold 1,381 shares of the business’s stock in a transaction on Friday, April 8th. The stock was sold at an average price of $20.41, for a total value of $28,186.21. The disclosure for this sale can be found here. In the last 90 days, insiders sold 116,679 shares of company stock valued at $2,221,064. Insiders own 1.83% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Bamco Inc. NY raised its position in Kratos Defense & Security Solutions by 4.5% during the third quarter. Bamco Inc. NY now owns 4,278,630 shares of the aerospace company’s stock valued at $95,456,000 after buying an additional 183,291 shares during the period. Peregrine Capital Management LLC raised its position in Kratos Defense & Security Solutions by 13.2% during the fourth quarter. Peregrine Capital Management LLC now owns 530,358 shares of the aerospace company’s stock valued at $10,289,000 after buying an additional 61,995 shares during the period. ARS Investment Partners LLC acquired a new position in Kratos Defense & Security Solutions during the third quarter valued at $10,292,000. Benjamin F. Edwards & Company Inc. raised its position in Kratos Defense & Security Solutions by 9.3% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 11,803 shares of the aerospace company’s stock valued at $263,000 after buying an additional 1,000 shares during the period. Finally, SG Americas Securities LLC raised its position in Kratos Defense & Security Solutions by 1,197.1% during the third quarter. SG Americas Securities LLC now owns 69,901 shares of the aerospace company’s stock valued at $1,559,000 after buying an additional 64,512 shares during the period. 85.93% of the stock is currently owned by hedge funds and other institutional investors.

About Kratos Defense & Security Solutions (Get Rating)

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 and satellite communications, training and cybersecurity/ warfare, C5ISR/ modular systems, turbine technologies, and defense and rocket support services.

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