Zacks: Brokerages Anticipate Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Will Post Quarterly Sales of $182.28 Million

Brokerages forecast that Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) will announce $182.28 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Kratos Defense & Security Solutions’ earnings. The highest sales estimate is $186.50 million and the lowest is $179.90 million. Kratos Defense & Security Solutions reported sales of $165.40 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.2%. The business is scheduled to issue its next earnings report on Wednesday, November 1st.

On average, analysts expect that Kratos Defense & Security Solutions will report full-year sales of $182.28 million for the current fiscal year, with estimates ranging from $712.00 million to $720.10 million. For the next financial year, analysts expect that the company will report sales of $753.80 million per share, with estimates ranging from $741.20 million to $775.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Kratos Defense & Security Solutions.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Thursday, July 27th. The aerospace company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $185.70 million for the quarter, compared to analyst estimates of $172.78 million. Kratos Defense & Security Solutions had a negative net margin of 6.29% and a negative return on equity of 1.40%. Kratos Defense & Security Solutions’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.01 EPS.

KTOS has been the topic of a number of analyst reports. Zacks Investment Research raised Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a research note on Wednesday, April 19th. B. Riley reaffirmed a “buy” rating and set a $11.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Tuesday, May 2nd. Noble Financial reaffirmed a “buy” rating on shares of Kratos Defense & Security Solutions in a research note on Saturday, May 6th. Canaccord Genuity reissued a “buy” rating and issued a $14.00 price target (up from $10.00) on shares of Kratos Defense & Security Solutions in a research note on Friday, May 19th. Finally, TheStreet raised Kratos Defense & Security Solutions from a “d” rating to a “c-” rating in a research note on Tuesday, May 30th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $12.61.

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In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were purchased at an average cost of $10.57 per share, with a total value of $105,700.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.20% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in KTOS. Metropolitan Life Insurance Co. NY increased its position in Kratos Defense & Security Solutions by 0.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 34,603 shares of the aerospace company’s stock worth $256,000 after buying an additional 206 shares during the period. Creative Planning increased its position in Kratos Defense & Security Solutions by 31.3% in the second quarter. Creative Planning now owns 11,810 shares of the aerospace company’s stock worth $140,000 after buying an additional 2,813 shares during the period. Eqis Capital Management Inc. increased its position in Kratos Defense & Security Solutions by 6.0% in the first quarter. Eqis Capital Management Inc. now owns 58,479 shares of the aerospace company’s stock worth $455,000 after buying an additional 3,319 shares during the period. KCG Holdings Inc. increased its position in Kratos Defense & Security Solutions by 33.9% in the first quarter. KCG Holdings Inc. now owns 14,569 shares of the aerospace company’s stock worth $113,000 after buying an additional 3,685 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Kratos Defense & Security Solutions by 26.6% in the first quarter. Goldman Sachs Group Inc. now owns 23,769 shares of the aerospace company’s stock worth $185,000 after buying an additional 4,999 shares during the period. Institutional investors own 73.83% of the company’s stock.

Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) opened at 11.005 on Tuesday. Kratos Defense & Security Solutions has a one year low of $4.38 and a one year high of $12.91. The company has a 50-day moving average of $11.77 and a 200 day moving average of $9.34. The stock’s market capitalization is $957.69 million.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc is a technology, intellectual property and proprietary product and solution company focused on the United States and its allies’ national security. The Kratos Government Solutions segment includes the operations of Defense Rocket Support Services, Microwave Electronics Division, Technical and Training Solutions, and Modular Systems, which provide technology-based defense solutions, involving products and services, with the focus relating to the nation’s Command, Control, Communications, Computing, Combat Systems, Intelligence, Surveillance and Reconnaissance requirements.

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