Kratos Defense & Security Solutions (KTOS) Director Buys $100,300.00 in Stock
Kratos Defense & Security Solutions (NASDAQ:KTOS) Director Scot B. Jarvis purchased 10,000 shares of the stock in a transaction that occurred on Friday, March 16th. The stock was acquired at an average cost of $10.03 per share, with a total value of $100,300.00. Following the completion of the acquisition, the director now directly owns 99,200 shares of the company’s stock, valued at $994,976. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Kratos Defense & Security Solutions (NASDAQ KTOS) opened at $9.32 on Friday. The firm has a market capitalization of $1,003.04, a P/E ratio of -20.26, a PEG ratio of 14.36 and a beta of 1.85. Kratos Defense & Security Solutions has a fifty-two week low of $7.37 and a fifty-two week high of $13.93. The company has a quick ratio of 2.23, a current ratio of 2.49 and a debt-to-equity ratio of 0.57.
Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Wednesday, February 28th. The aerospace company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The business had revenue of $202.20 million during the quarter, compared to the consensus estimate of $194.99 million. Kratos Defense & Security Solutions had a positive return on equity of 0.73% and a negative net margin of 5.68%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.07) earnings per share. sell-side analysts predict that Kratos Defense & Security Solutions will post 0.09 EPS for the current fiscal year.
A number of brokerages recently issued reports on KTOS. BidaskClub raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Saturday, February 17th. Noble Financial reissued a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Wednesday, February 21st. Jefferies Group reissued a “hold” rating and issued a $12.50 price objective on shares of Kratos Defense & Security Solutions in a report on Monday, January 8th. Seaport Global Securities reissued a “buy” rating and issued a $14.00 price objective on shares of Kratos Defense & Security Solutions in a report on Thursday, March 8th. Finally, Zacks Investment Research raised Kratos Defense & Security Solutions from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective for the company in a report on Saturday, March 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Kratos Defense & Security Solutions presently has an average rating of “Hold” and a consensus target price of $13.40.
TRADEMARK VIOLATION NOTICE: This article was originally published by Watch List News and is owned by of Watch List News. If you are viewing this article on another domain, it was copied illegally and republished in violation of international trademark & copyright legislation. The original version of this article can be accessed at https://www.watchlistnews.com/kratos-defense-security-solutions-ktos-director-buys-100300-00-in-stock/1961474.html.
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.
Receive News & Ratings for Kratos Defense & Security Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kratos Defense & Security Solutions and related companies with MarketBeat.com's FREE daily email newsletter.