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

Kratos Defense & Security Solutions (NASDAQ:KTOS) is set to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Kratos Defense & Security Solutions to post earnings of $0.05 per share for the quarter. Kratos Defense & Security Solutions has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Tuesday, February 13th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. Kratos Defense & Security Solutions had a negative net margin of 0.86% and a positive return on equity of 3.01%. The business had revenue of $273.80 million for the quarter, compared to analyst estimates of $253.39 million. During the same period in the previous year, the company earned $0.03 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. 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 Price Performance

NASDAQ KTOS opened at $18.54 on Friday. Kratos Defense & Security Solutions has a 12-month low of $12.12 and a 12-month high of $21.60. The firm’s fifty day simple moving average is $17.99 and its two-hundred day simple moving average is $18.49. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.22.

Insiders Place Their Bets

In other news, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $20.00, for a total transaction of $120,000.00. Following the completion of the sale, the chief financial officer now owns 214,765 shares of the company’s stock, valued at $4,295,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $18.24, for a total transaction of $127,680.00. Following the completion of the sale, the insider now owns 345,711 shares of the company’s stock, valued at $6,305,768.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total transaction of $120,000.00. Following the sale, the chief financial officer now directly owns 214,765 shares of the company’s stock, valued at approximately $4,295,300. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,538 shares of company stock worth $773,419. Company insiders own 2.27% of the company’s stock.

Wall Street Analyst Weigh In

KTOS has been the subject of several research reports. Jefferies Financial Group lowered their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, April 10th. Raymond James upgraded shares of Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $20.00 to $27.00 in a research report on Friday, April 26th. Royal Bank of Canada restated an “outperform” rating and set a $23.00 target price on shares of Kratos Defense & Security Solutions in a research report on Wednesday, February 14th. Truist Financial boosted their target price on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Benchmark reiterated a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.14.

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.