Kratos Defense & Security Solutions (KTOS) Scheduled to Post Quarterly Earnings on Thursday

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) is scheduled to announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce 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.Parties interested in participating in the company's conference call can do so using this link.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The company had revenue of $300.10 million for the quarter, compared to analyst estimates of $276.08 million. During the same period in the previous year, the firm earned $0.05 EPS. The business's revenue was up 16.8% on a year-over-year basis. 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 Price Performance

Shares of NASDAQ KTOS traded down $0.87 during midday trading on Thursday, hitting $22.72. The company had a trading volume of 1,093,990 shares, compared to its average volume of 1,121,388. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 330.00 and a beta of 1.02. Kratos Defense & Security Solutions has a twelve month low of $16.36 and a twelve month high of $25.91. The business has a 50-day simple moving average of $23.46 and a two-hundred day simple moving average of $21.42. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14.

Wall Street Analyst Weigh In

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

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco acquired 12,396 shares of the stock in a transaction dated Thursday, August 15th. The stock was acquired at an average price of $20.19 per share, with a total value of $250,275.24. Following the completion of the transaction, the chief executive officer now directly owns 1,058,264 shares in the company, valued at approximately $21,366,350.16. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Deanna H. Lund sold 6,000 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $22.41, for a total transaction of $134,460.00. Following the completion of the sale, the chief financial officer now directly owns 285,905 shares of the company's stock, valued at $6,407,131.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric M. Demarco bought 12,396 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average cost of $20.19 per share, for a total transaction of $250,275.24. Following the completion of the transaction, the chief executive officer now directly owns 1,058,264 shares in the company, valued at approximately $21,366,350.16. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 66,091 shares of company stock valued at $1,509,501. Company insiders own 2.27% of the company's stock.

Kratos Defense & Security Solutions Company Profile

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.