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

Kratos Defense & Security Solutions (NASDAQ:KTOS) will release its earnings data 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.Investors that wish to listen to the company’s conference call can do so using this link.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Tuesday, February 13th. The aerospace company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a positive return on equity of 3.01% and a negative net margin of 0.86%. The company had revenue of $273.80 million during the quarter, compared to the consensus estimate of $253.39 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. The firm’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 Trading Up 1.3 %

Shares of KTOS stock opened at $18.79 on Monday. The stock has a fifty day moving average of $17.99 and a 200 day moving average of $18.49. Kratos Defense & Security Solutions has a 52 week low of $12.88 and a 52 week high of $21.60. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.22.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, February 26th. The stock was sold at an average price of $18.24, for a total transaction of $127,680.00. Following the completion of the transaction, the insider now owns 345,711 shares in the company, valued at $6,305,768.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Marie Mendoza sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $18.05, for a total transaction of $27,075.00. Following the completion of the sale, the senior vice president now owns 90,713 shares of the company’s stock, valued at $1,637,369.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $18.24, for a total transaction of $127,680.00. Following the completion of the transaction, the insider now owns 345,711 shares of the company’s stock, valued at $6,305,768.64. The disclosure for this sale can be found here. Insiders have sold 41,538 shares of company stock worth $773,419 in the last 90 days. Insiders own 2.27% of the company’s stock.

About Kratos Defense & Security Solutions

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.