Telos Co. (NASDAQ:TLS) Expected to Announce Quarterly Sales of $52.58 Million

Brokerages expect Telos Co. (NASDAQ:TLSGet Rating) to post $52.58 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Telos’ earnings. The highest sales estimate is $54.60 million and the lowest is $48.90 million. Telos reported sales of $52.56 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Telos will report full year sales of $235.12 million for the current year, with estimates ranging from $225.80 million to $241.80 million. For the next year, analysts expect that the firm will report sales of $277.67 million, with estimates ranging from $268.50 million to $289.50 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Telos.

Telos (NASDAQ:TLSGet Rating) last announced its earnings results on Tuesday, May 10th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). Telos had a negative net margin of 18.30% and a negative return on equity of 18.55%.

Several research analysts have commented on TLS shares. B. Riley decreased their price target on shares of Telos from $12.50 to $10.50 in a research note on Wednesday. Northland Securities decreased their price target on shares of Telos from $30.00 to $13.00 in a research note on Friday, March 18th. Colliers Securities raised shares of Telos from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Wednesday, January 19th. Needham & Company LLC decreased their price target on shares of Telos from $22.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, March 17th. Finally, Zacks Investment Research raised shares of Telos from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 20th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $17.50.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Credit Suisse AG boosted its holdings in Telos by 5.8% in the third quarter. Credit Suisse AG now owns 8,725 shares of the company’s stock valued at $249,000 after acquiring an additional 476 shares in the last quarter. Jacob Asset Management of New York LLC boosted its stake in Telos by 0.5% in the 3rd quarter. Jacob Asset Management of New York LLC now owns 179,275 shares of the company’s stock worth $5,095,000 after purchasing an additional 975 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Telos by 5.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 21,088 shares of the company’s stock worth $325,000 after buying an additional 1,158 shares during the last quarter. Deutsche Bank AG raised its position in Telos by 1.5% in the 4th quarter. Deutsche Bank AG now owns 99,357 shares of the company’s stock worth $1,532,000 after buying an additional 1,433 shares during the last quarter. Finally, UMB Bank N A MO purchased a new position in Telos in the 4th quarter worth about $26,000. 67.91% of the stock is currently owned by institutional investors.

Shares of TLS opened at $6.95 on Thursday. The firm’s 50 day simple moving average is $9.27 and its 200 day simple moving average is $13.52. The company has a market capitalization of $471.68 million, a P/E ratio of -10.37 and a beta of 2.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.76 and a quick ratio of 3.74. Telos has a 1-year low of $6.54 and a 1-year high of $36.92.

Telos Company Profile (Get Rating)

Telos Corporation, together with its subsidiaries, provides information technology (IT) solutions and services worldwide. It provides Xacta, a premier platform for enterprise cyber risk management and security compliance automation solutions to large commercial and government enterprises; and Telos Ghost, a solution to eliminate cyber-attack surfaces by obfuscating and encrypting data, masking user identity and location, and hiding network resources, as well as provides security and privacy for intelligence gathering, cyber threat protection, securing critical infrastructure, and protecting communications and applications.

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