Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) Expected to Post Earnings of $0.07 Per Share

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Equities research analysts expect Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) to post $0.07 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Kratos Defense & Security Solutions’ earnings, with estimates ranging from $0.05 to $0.08. Kratos Defense & Security Solutions reported earnings per share of $0.02 in the same quarter last year, which would indicate a positive year-over-year growth rate of 250%. The firm is expected to report its next quarterly earnings results on Thursday, August 1st.

On average, analysts expect that Kratos Defense & Security Solutions will report full year earnings of $0.36 per share for the current year, with EPS estimates ranging from $0.33 to $0.38. For the next financial year, analysts anticipate that the company will post earnings of $0.53 per share, with EPS estimates ranging from $0.42 to $0.61. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Kratos Defense & Security Solutions.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Wednesday, May 8th. The aerospace company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.07. The company had revenue of $160.40 million for the quarter, compared to analyst estimates of $153.24 million. Kratos Defense & Security Solutions had a net margin of 0.28% and a return on equity of 4.22%. During the same period in the previous year, the business posted $0.05 EPS.

KTOS has been the topic of several recent analyst reports. Citigroup decreased their target price on shares of Tremont Mortgage Trust from $9.50 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, June 5th. BidaskClub upgraded shares of Misonix from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 3rd. Goldman Sachs Group upgraded shares of Exelon from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $48.00 to $52.00 in a report on Thursday, June 6th. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. upgraded shares of from a “neutral” rating to an “overweight” rating in a report on Friday, May 24th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $22.42.

Hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the 1st quarter worth approximately $11,099,000. Amalgamated Bank purchased a new stake in Kratos Defense & Security Solutions during the 4th quarter worth approximately $175,000. Northern Trust Corp increased its stake in Kratos Defense & Security Solutions by 2.0% during the 4th quarter. Northern Trust Corp now owns 1,220,805 shares of the aerospace company’s stock worth $17,201,000 after buying an additional 23,366 shares during the period. Deutsche Bank AG increased its stake in Kratos Defense & Security Solutions by 2.8% during the 4th quarter. Deutsche Bank AG now owns 232,748 shares of the aerospace company’s stock worth $3,277,000 after buying an additional 6,371 shares during the period. Finally, Bluefin Trading LLC purchased a new stake in Kratos Defense & Security Solutions during the 4th quarter worth approximately $181,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

NASDAQ:KTOS traded up $0.32 on Wednesday, hitting $24.39. The stock had a trading volume of 26,482 shares, compared to its average volume of 1,026,391. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.29 and a current ratio of 2.65. The firm has a market capitalization of $2.57 billion, a PE ratio of 142.97, a price-to-earnings-growth ratio of 11.89 and a beta of 1.27. The stock has a fifty day moving average price of $22.79. Kratos Defense & Security Solutions has a 1-year low of $11.91 and a 1-year high of $24.32.

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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