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

Kratos Defense & Security Solutions (NASDAQ:KTOS) is set to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. The business had revenue of $300.10 million during the quarter, compared to analysts’ expectations of $276.08 million. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The business’s revenue was up 16.8% on a year-over-year basis. During the same period last year, the firm posted $0.05 earnings per share. 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 Trading Up 0.9 %

Kratos Defense & Security Solutions stock opened at $23.19 on Wednesday. The firm has a 50 day simple moving average of $23.51 and a 200-day simple moving average of $21.59. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56. The stock has a market capitalization of $3.50 billion, a PE ratio of 331.29 and a beta of 1.02. Kratos Defense & Security Solutions has a 12-month low of $16.71 and a 12-month high of $25.91.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Truist Financial restated a “buy” rating and set a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Tuesday, October 1st. Benchmark reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. B. Riley lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $24.00 to $26.00 in a research note on Wednesday, October 30th. Finally, Robert W. Baird raised their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and an average target price of $25.10.

Insiders Place Their Bets

In related news, SVP Marie Mendoza sold 1,355 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $20.07, for a total value of $27,194.85. Following the completion of the transaction, the senior vice president now owns 63,393 shares in the company, valued at $1,272,297.51. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $20.07, for a total transaction of $27,194.85. Following the completion of the transaction, the senior vice president now owns 63,393 shares in the company, valued at approximately $1,272,297.51. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Deanna H. Lund sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $22.96, for a total transaction of $137,760.00. Following the transaction, the chief financial officer now owns 273,881 shares of the company’s stock, valued at approximately $6,288,307.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,091 shares of company stock worth $1,739,101 over the last ninety days. Corporate insiders own 2.27% of the company’s stock.

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.