Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) Forecasted to Post Q4 2019 Earnings of $0.08 Per Share

Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) – Equities researchers at B. Riley cut their Q4 2019 earnings estimates for Kratos Defense & Security Solutions in a report released on Wednesday, November 6th. B. Riley analyst M. Crawford now expects that the aerospace company will earn $0.08 per share for the quarter, down from their previous forecast of $0.10. B. Riley also issued estimates for Kratos Defense & Security Solutions’ Q1 2020 earnings at $0.03 EPS, Q2 2020 earnings at $0.10 EPS, Q3 2020 earnings at $0.10 EPS, Q4 2020 earnings at $0.13 EPS, FY2020 earnings at $0.34 EPS and FY2021 earnings at $0.71 EPS.

A number of other analysts have also weighed in on KTOS. Noble Financial upgraded shares of Kratos Defense & Security Solutions from a “market perform” rating to an “outperform” rating and set a $23.00 price objective on the stock in a research note on Wednesday, October 2nd. BidaskClub upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. ValuEngine lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Goldman Sachs Group upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $24.00 to $26.00 in a research note on Friday, August 16th. Finally, Robert W. Baird set a $25.00 price objective on shares of Kratos Defense & Security Solutions and gave the stock a “buy” rating in a research note on Monday, September 23rd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $23.75.

NASDAQ:KTOS opened at $19.78 on Friday. The firm has a market capitalization of $1.90 billion, a P/E ratio of 116.35, a PEG ratio of 10.41 and a beta of 1.26. Kratos Defense & Security Solutions has a 1-year low of $12.31 and a 1-year high of $25.08. The company’s fifty day moving average price is $18.90 and its 200-day moving average price is $20.26. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.73 and a quick ratio of 2.33.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Tuesday, November 5th. The aerospace company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02. The firm had revenue of $184.10 million for the quarter, compared to analyst estimates of $184.32 million. Kratos Defense & Security Solutions had a net margin of 2.04% and a return on equity of 4.59%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 earnings per share.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System boosted its holdings in Kratos Defense & Security Solutions by 1.5% during the second quarter. State Board of Administration of Florida Retirement System now owns 51,014 shares of the aerospace company’s stock worth $1,168,000 after buying an additional 760 shares in the last quarter. US Bancorp DE boosted its holdings in Kratos Defense & Security Solutions by 30.6% during the second quarter. US Bancorp DE now owns 3,739 shares of the aerospace company’s stock worth $85,000 after buying an additional 877 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in Kratos Defense & Security Solutions during the third quarter worth $25,000. Usca Ria LLC purchased a new stake in Kratos Defense & Security Solutions during the third quarter worth $28,000. Finally, Advisory Services Network LLC boosted its holdings in Kratos Defense & Security Solutions by 36.3% during the second quarter. Advisory Services Network LLC now owns 6,102 shares of the aerospace company’s stock worth $140,000 after buying an additional 1,624 shares in the last quarter. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Eric M. Demarco sold 293,481 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $19.50, for a total transaction of $5,722,879.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Benjamin M. Goodwin sold 70,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $19.77, for a total transaction of $1,383,900.00. The disclosure for this sale can be found here. Insiders have sold 386,004 shares of company stock worth $7,548,833 over the last three months. 15.54% of the stock is currently owned by insiders.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. 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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Earnings History and Estimates for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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