Kratos Defense & Security Solutions, Inc. (KTOS) Expected to Announce Earnings of $0.07 Per Share

Wall Street analysts expect that Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) will announce earnings per share (EPS) of $0.07 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Kratos Defense & Security Solutions’ earnings. The lowest EPS estimate is $0.06 and the highest is $0.09. Kratos Defense & Security Solutions reported earnings per share of $0.02 during the same quarter last year, which suggests a positive year-over-year growth rate of 250%. The business is expected to report its next quarterly earnings results on Monday, February 26th.

According to Zacks, analysts expect that Kratos Defense & Security Solutions will report full-year earnings of $0.10 per share for the current year, with EPS estimates ranging from $0.08 to $0.13. For the next fiscal year, analysts forecast that the company will report earnings of $0.33 per share, with EPS estimates ranging from $0.17 to $0.45. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Kratos Defense & Security Solutions.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Tuesday, October 31st. The aerospace company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. The business had revenue of $196.20 million during the quarter, compared to the consensus estimate of $186.27 million. Kratos Defense & Security Solutions had a negative net margin of 6.29% and a negative return on equity of 1.40%. The company’s revenue was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.03 earnings per share.

Several research firms have recently commented on KTOS. B. Riley restated a “buy” rating and issued a $16.00 target price on shares of Kratos Defense & Security Solutions in a research note on Wednesday, August 2nd. Drexel Hamilton began coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, August 15th. They issued a “buy” rating and a $14.00 target price for the company. Zacks Investment Research cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. BidaskClub cut shares of Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, SunTrust Banks, Inc. cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating and set a $12.00 target price for the company. in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $12.78.

In related news, CEO Eric M. Demarco acquired 8,905 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average price of $11.19 per share, for a total transaction of $99,646.95. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.20% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. KCG Holdings Inc. raised its position in Kratos Defense & Security Solutions by 33.9% during the first quarter. KCG Holdings Inc. now owns 14,569 shares of the aerospace company’s stock worth $113,000 after acquiring an additional 3,685 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in Kratos Defense & Security Solutions during the first quarter worth about $113,000. Principal Financial Group Inc. acquired a new position in Kratos Defense & Security Solutions during the second quarter worth about $126,000. Creative Planning raised its position in Kratos Defense & Security Solutions by 31.3% during the second quarter. Creative Planning now owns 11,810 shares of the aerospace company’s stock worth $140,000 after acquiring an additional 2,813 shares during the last quarter. Finally, Fortaleza Asset Management Inc. acquired a new position in Kratos Defense & Security Solutions during the third quarter worth about $159,000. Institutional investors own 61.80% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Kratos Defense & Security Solutions, Inc. (KTOS) Expected to Announce Earnings of $0.07 Per Share” was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The original version of this news story can be accessed at https://www.com-unik.info/2017/11/03/kratos-defense-security-solutions-inc-ktos-expected-to-announce-earnings-of-0-07-per-share.html.

About Kratos Defense & Security Solutions

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.

Get a free copy of the Zacks research report on Kratos Defense & Security Solutions (KTOS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

What are top analysts saying about Kratos Defense & Security Solutions Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Kratos Defense & Security Solutions Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit