Kratos Defense & Security Solutions (NASDAQ:KTOS) Posts Earnings Results, Beats Expectations By $0.06 EPS

Kratos Defense & Security Solutions (NASDAQ:KTOS) released its quarterly earnings results on Tuesday. The aerospace company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06, Briefing.com reports. Kratos Defense & Security Solutions had a negative net margin of 0.86% and a positive return on equity of 3.01%. The firm had revenue of $277.20 million for the quarter, compared to analyst estimates of $250.48 million. During the same period in the previous year, the business earned $0.01 earnings per share. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year.

Kratos Defense & Security Solutions Trading Down 1.6 %

NASDAQ KTOS traded down $0.32 on Thursday, reaching $19.52. The company had a trading volume of 118,973 shares, compared to its average volume of 1,301,960. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. Kratos Defense & Security Solutions has a 52 week low of $12.88 and a 52 week high of $21.60. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of -330.67 and a beta of 0.81. The stock’s 50 day moving average is $18.03 and its 200-day moving average is $18.53.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Phillip D. Carrai sold 3,500 shares of Kratos Defense & Security Solutions stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $20.87, for a total transaction of $73,045.00. Following the transaction, the insider now directly owns 223,131 shares of the company’s stock, valued at $4,656,743.97. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Phillip D. Carrai sold 3,500 shares of Kratos Defense & Security Solutions stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $20.87, for a total transaction of $73,045.00. Following the transaction, the insider now owns 223,131 shares in the company, valued at approximately $4,656,743.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total value of $120,000.00. Following the sale, the chief financial officer now directly owns 214,765 shares of the company’s stock, valued at $4,295,300. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,538 shares of company stock worth $773,419. 2.27% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KTOS shares. Jefferies Financial Group decreased their target price on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, April 10th. Benchmark reissued a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research note on Thursday, April 25th. Raymond James upgraded shares of Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from $20.00 to $27.00 in a research report on Friday, April 26th. The Goldman Sachs Group lifted their target price on Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Finally, Truist Financial upped their price target on Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.14.

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.