Telos (NASDAQ:TLS) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Telos (NASDAQ:TLS) released its quarterly earnings results on Monday. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04, FiscalAI reports. Telos had a negative net margin of 20.47% and a negative return on equity of 26.12%. The business had revenue of $46.78 million during the quarter, compared to analyst estimates of $45.22 million.

Telos Trading Up 18.0%

NASDAQ:TLS opened at $5.05 on Monday. The stock has a market cap of $372.44 million, a price-to-earnings ratio of -12.32 and a beta of 1.03. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.76. Telos has a 1 year low of $1.83 and a 1 year high of $8.36. The business has a fifty day moving average of $4.85 and a 200-day moving average of $5.80.

Institutional Investors Weigh In On Telos

Several institutional investors have recently bought and sold shares of TLS. Vanguard Group Inc. grew its position in Telos by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,914,891 shares of the company’s stock valued at $19,938,000 after buying an additional 104,515 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Telos by 28.1% in the 3rd quarter. Millennium Management LLC now owns 2,090,011 shares of the company’s stock worth $14,296,000 after acquiring an additional 457,997 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Telos by 11.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,694,473 shares of the company’s stock valued at $11,592,000 after acquiring an additional 169,285 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Telos by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 1,361,502 shares of the company’s stock valued at $6,945,000 after acquiring an additional 47,688 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Telos by 13.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,177,250 shares of the company’s stock valued at $6,004,000 after acquiring an additional 137,598 shares during the period. Institutional investors and hedge funds own 62.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $7.75.

Telos Company Profile

Telos Corporation (NASDAQ: TLS) is a provider of cybersecurity, secure communications, and enterprise IT solutions designed to help organizations manage risk, accelerate mission delivery and maintain compliance. The company’s core business activities encompass risk management and compliance automation, secure mobility, zero-trust architecture, cloud security, and identity and access management. Telos serves a diverse customer base that includes U.S. federal agencies, the Department of Defense, intelligence communities and select commercial enterprises.

Among its flagship offerings is the Xacta® platform, which automates assessment and authorization for IT systems and cloud environments, helping clients streamline compliance with NIST, FedRAMP and other frameworks.