Kratos Defense & Security Solutions (NASDAQ:KTOS) Announces Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Kratos Defense & Security Solutions (NASDAQ:KTOS) posted its earnings results on Tuesday. The aerospace company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06, Briefing.com reports. Kratos Defense & Security Solutions had a positive return on equity of 3.01% and a negative net margin of 0.86%. The company had revenue of $277.20 million for the quarter, compared to analyst estimates of $250.48 million. During the same quarter last year, the company earned $0.01 earnings per share. The company’s revenue for the quarter was up 19.6% on a year-over-year basis.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS traded down $0.25 on Tuesday, reaching $18.76. 1,305,064 shares of the company’s stock traded hands, compared to its average volume of 1,304,176. The stock has a market cap of $2.81 billion, a PE ratio of -312.61 and a beta of 0.81. Kratos Defense & Security Solutions has a 12 month low of $12.88 and a 12 month high of $21.60. The stock has a 50-day simple moving average of $18.00 and a 200 day simple moving average of $18.51. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.50.

Insider Transactions at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $18.05, for a total transaction of $27,075.00. Following the transaction, the senior vice president now directly owns 90,713 shares in the company, valued at approximately $1,637,369.65. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $18.24, for a total transaction of $127,680.00. Following the transaction, the insider now owns 345,711 shares in the company, valued at approximately $6,305,768.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $18.05, for a total value of $27,075.00. Following the completion of the sale, the senior vice president now owns 90,713 shares in the company, valued at $1,637,369.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,538 shares of company stock worth $773,419. 2.27% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KTOS shares. Benchmark reissued a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Thursday, April 25th. Royal Bank of Canada reissued an “outperform” rating and set a $23.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Wednesday, February 14th. The Goldman Sachs Group lifted their price target on Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Raymond James raised Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from $20.00 to $27.00 in a report on Friday, April 26th. Finally, Truist Financial raised their target price on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.14.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.