$0.05 Earnings Per Share Expected for Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) This Quarter

Wall Street brokerages expect that Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) will report $0.05 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Kratos Defense & Security Solutions’ earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.08. Kratos Defense & Security Solutions reported earnings per share of $0.08 in the same quarter last year, which would indicate a negative year-over-year growth rate of 37.5%. The business is scheduled to announce its next earnings results on Wednesday, July 29th.

On average, analysts expect that Kratos Defense & Security Solutions will report full-year earnings of $0.39 per share for the current financial year, with EPS estimates ranging from $0.32 to $0.47. For the next financial year, analysts anticipate that the business will post earnings of $0.54 per share, with EPS estimates ranging from $0.50 to $0.56. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Kratos Defense & Security Solutions.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Thursday, May 7th. The aerospace company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.07. The company had revenue of $168.90 million for the quarter, compared to the consensus estimate of $164.28 million. Kratos Defense & Security Solutions had a net margin of 1.27% and a return on equity of 4.24%. Kratos Defense & Security Solutions’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 earnings per share.

A number of equities analysts have weighed in on KTOS shares. Benchmark started coverage on shares of Kratos Defense & Security Solutions in a research note on Wednesday, March 18th. They set a “buy” rating and a $19.00 price target on the stock. Zacks Investment Research raised shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Monday, June 22nd. SunTrust Banks raised shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday, March 11th. BidaskClub lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research report on Friday, June 19th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Kratos Defense & Security Solutions in a research report on Friday. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $21.78.

In related news, insider Thomas E. Iv Mills sold 10,887 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $17.30, for a total transaction of $188,345.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Phillip D. Carrai sold 3,350 shares of the firm’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $15.00, for a total transaction of $50,250.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 133,626 shares of company stock valued at $2,236,658. Company insiders own 2.01% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. acquired a new position in Kratos Defense & Security Solutions during the 4th quarter worth $3,152,000. Amalgamated Bank lifted its position in shares of Kratos Defense & Security Solutions by 4.4% in the 4th quarter. Amalgamated Bank now owns 16,682 shares of the aerospace company’s stock worth $300,000 after buying an additional 703 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Kratos Defense & Security Solutions by 4.7% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 21,262 shares of the aerospace company’s stock worth $383,000 after buying an additional 955 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Kratos Defense & Security Solutions by 200.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,500 shares of the aerospace company’s stock worth $27,000 after buying an additional 1,000 shares during the last quarter. Finally, Allred Capital Management LLC lifted its position in shares of Kratos Defense & Security Solutions by 1.3% in the 1st quarter. Allred Capital Management LLC now owns 75,650 shares of the aerospace company’s stock worth $1,047,000 after buying an additional 1,000 shares during the last quarter. 85.50% of the stock is owned by institutional investors.

NASDAQ:KTOS traded up $0.48 during trading hours on Wednesday, reaching $15.44. 14,126 shares of the company were exchanged, compared to its average volume of 1,658,327. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.83 and a quick ratio of 2.49. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 170.35 and a beta of 1.20. Kratos Defense & Security Solutions has a 52-week low of $5.00 and a 52-week high of $25.08. The stock has a 50 day simple moving average of $17.18 and a 200 day simple moving average of $16.91.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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

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