Kratos Defense & Security Solutions (KTOS) Set to Announce Quarterly Earnings on Thursday

Kratos Defense & Security Solutions (NASDAQ:KTOS) is scheduled to release its earnings data after the market closes on Thursday, November 7th. Analysts expect Kratos Defense & Security Solutions to post earnings of $0.08 per share for the quarter. Kratos Defense & Security Solutions has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. The company had revenue of $300.10 million during the quarter, compared to the consensus estimate of $276.08 million. During the same period in the previous year, the firm posted $0.05 earnings per share. Kratos Defense & Security Solutions’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, analysts expect Kratos Defense & Security Solutions to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Kratos Defense & Security Solutions Stock Performance

KTOS stock traded up $0.30 during midday trading on Tuesday, reaching $23.29. The company had a trading volume of 150,995 shares, compared to its average volume of 1,112,600. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average price of $23.49 and a 200 day moving average price of $21.55. Kratos Defense & Security Solutions has a fifty-two week low of $16.71 and a fifty-two week high of $25.91. The firm has a market capitalization of $3.52 billion, a PE ratio of 328.43 and a beta of 1.02.

Insider Buying and Selling

In related news, CEO Eric M. Demarco purchased 12,396 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were bought at an average price of $20.19 per share, with a total value of $250,275.24. Following the completion of the acquisition, the chief executive officer now owns 1,058,264 shares of the company’s stock, valued at approximately $21,366,350.16. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Eric M. Demarco purchased 12,396 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were bought at an average price of $20.19 per share, with a total value of $250,275.24. Following the completion of the acquisition, the chief executive officer now owns 1,058,264 shares of the company’s stock, valued at approximately $21,366,350.16. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Marie Mendoza sold 1,355 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $20.07, for a total value of $27,194.85. Following the completion of the transaction, the senior vice president now directly owns 63,393 shares in the company, valued at $1,272,297.51. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,091 shares of company stock valued at $1,739,101 over the last quarter. Corporate insiders own 2.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on KTOS shares. JMP Securities reiterated a “market outperform” rating and set a $27.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Tuesday, October 1st. Robert W. Baird boosted their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Truist Financial reiterated a “buy” rating and set a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Benchmark reiterated a “buy” rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Finally, B. Riley downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $24.00 to $26.00 in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and a consensus target price of $25.10.

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.