Kratos Defense & Security Solutions (KTOS) Expected to Announce Earnings on Wednesday

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) is anticipated to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Kratos Defense & Security Solutions to post earnings of $0.09 per share and revenue of $288.33 million for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Kratos Defense & Security Solutions Trading Down 2.8 %

NASDAQ:KTOS traded down $0.73 during trading hours on Friday, hitting $25.26. 2,329,911 shares of the stock were exchanged, compared to its average volume of 2,273,000. The company's 50 day moving average is $30.01 and its two-hundred day moving average is $25.99. The company has a market capitalization of $3.83 billion, a P/E ratio of 252.63 and a beta of 1.10. Kratos Defense & Security Solutions has a twelve month low of $16.78 and a twelve month high of $35.66. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Analyst Ratings Changes

A number of brokerages recently weighed in on KTOS. B. Riley upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and increased their price target for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Jefferies Financial Group upped their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a "hold" rating in a research note on Friday, December 13th. JMP Securities boosted their target price on Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the stock a "market outperform" rating in a report on Tuesday, February 4th. Truist Financial upped their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Finally, StockNews.com upgraded Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $30.67.

Insider Activity

In other news, VP De Burgreen Maria Cervantes sold 19,528 shares of the business's stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total value of $585,840.00. Following the transaction, the vice president now owns 51,121 shares in the company, valued at approximately $1,533,630. The trade was a 27.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas E. Iv Mills sold 11,516 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.98, for a total transaction of $322,217.68. Following the sale, the insider now owns 12,315 shares of the company's stock, valued at approximately $344,573.70. This trade represents a 48.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,181 shares of company stock worth $2,851,426. Corporate insiders own 2.27% of the company's stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.