$188.29 Million in Sales Expected for Kratos Defense & Security Solutions, Inc (KTOS) This Quarter

Brokerages predict that Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) will report $188.29 million in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Kratos Defense & Security Solutions’ earnings, with estimates ranging from $186.00 million to $191.40 million. Kratos Defense & Security Solutions posted sales of $202.20 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.9%. The business is expected to announce its next earnings results on Wednesday, February 27th.

On average, analysts expect that Kratos Defense & Security Solutions will report full year sales of $641.89 million for the current year, with estimates ranging from $639.60 million to $645.00 million. For the next fiscal year, analysts anticipate that the business will report sales of $716.72 million, with estimates ranging from $680.00 million to $740.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Kratos Defense & Security Solutions.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Tuesday, November 6th. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.05. Kratos Defense & Security Solutions had a negative net margin of 4.64% and a positive return on equity of 3.99%. The firm had revenue of $159.40 million for the quarter, compared to analyst estimates of $157.65 million. During the same quarter last year, the business earned $0.03 earnings per share. Kratos Defense & Security Solutions’s revenue was up 1.5% compared to the same quarter last year.

A number of analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 10th. BidaskClub upgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, November 8th. B. Riley restated a “buy” rating on shares of Kratos Defense & Security Solutions in a research report on Wednesday, November 7th. Finally, ValuEngine raised shares of Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 7th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Kratos Defense & Security Solutions presently has an average rating of “Buy” and an average target price of $15.00.

Shares of NASDAQ KTOS opened at $13.30 on Friday. Kratos Defense & Security Solutions has a 1 year low of $8.90 and a 1 year high of $16.09. The company has a market cap of $1.40 billion, a P/E ratio of 332.50, a PEG ratio of 12.81 and a beta of 2.34. The company has a current ratio of 2.89, a quick ratio of 2.60 and a debt-to-equity ratio of 0.57.

Large investors have recently bought and sold shares of the business. Cornerstone Wealth Management LLC purchased a new position in Kratos Defense & Security Solutions during the second quarter worth approximately $476,000. Rehmann Capital Advisory Group raised its stake in Kratos Defense & Security Solutions by 1,377.9% during the third quarter. Rehmann Capital Advisory Group now owns 5,542 shares of the aerospace company’s stock worth $375,000 after purchasing an additional 5,167 shares during the period. Public Employees Retirement Association of Colorado raised its stake in Kratos Defense & Security Solutions by 252.3% during the third quarter. Public Employees Retirement Association of Colorado now owns 11,110 shares of the aerospace company’s stock worth $164,000 after purchasing an additional 7,956 shares during the period. Private Advisor Group LLC purchased a new position in Kratos Defense & Security Solutions during the third quarter worth approximately $170,000. Finally, Sei Investments Co. raised its stake in Kratos Defense & Security Solutions by 4,596.4% during the second quarter. Sei Investments Co. now owns 19,443 shares of the aerospace company’s stock worth $224,000 after purchasing an additional 19,029 shares during the period. 91.62% of the stock is currently owned by institutional investors.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through three segments: Kratos Government Solutions, Unmanned Systems, and Public Safety & Security. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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