Kratos Defense & Security Solutions, Inc. (KTOS) Issues Earnings Results
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) issued its quarterly earnings data on Thursday. The aerospace company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03, Bloomberg Earnings reports. Kratos Defense & Security Solutions had a negative return on equity of 1.40% and a negative net margin of 3.39%. The business had revenue of $196.20 million for the quarter, compared to the consensus estimate of $186.27 million. During the same period in the prior year, the business posted $0.03 earnings per share. The company’s quarterly revenue was up 18.6% compared to the same quarter last year.
Kratos Defense & Security Solutions (NASDAQ:KTOS) traded down $0.91 on Friday, reaching $10.99. The company’s stock had a trading volume of 4,405,671 shares, compared to its average volume of 1,432,356. The company has a current ratio of 2.00, a quick ratio of 1.67 and a debt-to-equity ratio of 1.06.
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In related news, CEO Eric M. Demarco bought 8,905 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average cost of $11.19 per share, for a total transaction of $99,646.95. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 23.20% of the stock is owned by corporate insiders.
A number of brokerages have issued reports on KTOS. Jefferies Group LLC upped their price objective on Kratos Defense & Security Solutions from $12.70 to $13.00 and gave the company a “hold” rating in a research report on Friday. Canaccord Genuity restated a “buy” rating and set a $15.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Wednesday. B. Riley set a $16.00 price objective on Kratos Defense & Security Solutions and gave the company a “buy” rating in a research report on Monday, October 30th. Zacks Investment Research downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $12.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $13.25.
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.
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