$178.12 Million in Sales Expected for Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) This Quarter

Wall Street analysts expect Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) to announce $178.12 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Kratos Defense & Security Solutions’ earnings, with the lowest sales estimate coming in at $174.00 million and the highest estimate coming in at $181.00 million. Kratos Defense & Security Solutions posted sales of $151.20 million in the same quarter last year, which suggests a positive year-over-year growth rate of 17.8%. The firm is expected to issue its next earnings results on Thursday, August 1st.

On average, analysts expect that Kratos Defense & Security Solutions will report full-year sales of $737.32 million for the current financial year, with estimates ranging from $727.80 million to $745.74 million. For the next year, analysts forecast that the business will report sales of $849.80 million, with estimates ranging from $790.10 million to $931.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Kratos Defense & Security Solutions.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Wednesday, May 8th. The aerospace company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.07. Kratos Defense & Security Solutions had a return on equity of 4.22% and a net margin of 0.28%. The company had revenue of $160.40 million for the quarter, compared to the consensus estimate of $153.24 million. During the same period last year, the business posted $0.05 earnings per share.

KTOS has been the topic of a number of recent research reports. BidaskClub downgraded Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Zacks Investment Research downgraded Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Canaccord Genuity lifted their target price on Kratos Defense & Security Solutions from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Citigroup downgraded Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 5th. They noted that the move was a valuation call. Finally, Robert W. Baird reissued an “outperform” rating and set a $25.00 target price (up from $19.00) on shares of Kratos Defense & Security Solutions in a research report on Tuesday, May 28th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $21.42.

KTOS stock opened at $21.85 on Wednesday. Kratos Defense & Security Solutions has a twelve month low of $11.05 and a twelve month high of $22.96. The firm has a market capitalization of $2.37 billion, a P/E ratio of 128.53, a PEG ratio of 10.98 and a beta of 1.29. The business’s 50-day moving average price is $21.13. The company has a current ratio of 2.65, a quick ratio of 2.29 and a debt-to-equity ratio of 0.59.

Hedge funds have recently added to or reduced their stakes in the stock. Prime Capital Investment Advisors LLC bought a new position in Kratos Defense & Security Solutions during the first quarter worth about $31,000. PNC Financial Services Group Inc. bought a new position in Kratos Defense & Security Solutions during the first quarter worth about $31,000. Marshall Wace LLP bought a new position in Kratos Defense & Security Solutions during the first quarter worth about $35,000. Advisory Services Network LLC lifted its stake in Kratos Defense & Security Solutions by 795.6% during the first quarter. Advisory Services Network LLC now owns 4,478 shares of the aerospace company’s stock worth $70,000 after purchasing an additional 3,978 shares during the period. Finally, Amundi Pioneer Asset Management Inc. bought a new position in Kratos Defense & Security Solutions during the first quarter worth about $81,000. 83.45% of the stock is currently owned by institutional investors and hedge funds.

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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