Kratos Defense & Security Solutions (NASDAQ:KTOS) Issues Earnings Results

Kratos Defense & Security Solutions (NASDAQ:KTOS) released its earnings results on Tuesday. The aerospace company reported $0.11 earnings per share (EPS) 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 business had revenue of $277.20 million for the quarter, compared to analyst estimates of $250.48 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS traded down $0.25 during trading on Tuesday, reaching $18.76. The company had a trading volume of 1,305,064 shares, compared to its average volume of 1,304,176. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.03. Kratos Defense & Security Solutions has a twelve month low of $12.88 and a twelve month high of $21.60. The stock has a 50-day moving average price of $18.00 and a two-hundred day moving average price of $18.51.

Analyst Ratings Changes

Several research analysts recently issued reports on KTOS shares. Royal Bank of Canada reissued an “outperform” rating and set a $23.00 price target on shares of Kratos Defense & Security Solutions in a report on Wednesday, February 14th. Jefferies Financial Group cut their target price on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, April 10th. Raymond James raised Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $20.00 to $27.00 in a report on Friday, April 26th. Benchmark reaffirmed a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research note on Thursday, April 25th. Finally, The Goldman Sachs Group boosted their price objective on shares of Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and an average target price of $22.14.

Insider Activity at Kratos Defense & Security Solutions

In other news, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $18.24, for a total transaction of $127,680.00. Following the completion of the sale, the insider now directly owns 345,711 shares in the company, valued at $6,305,768.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $18.24, for a total value of $127,680.00. Following the completion of the transaction, the insider now directly owns 345,711 shares in the company, valued at $6,305,768.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Phillip D. Carrai sold 3,500 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $18.19, for a total value of $63,665.00. Following the transaction, the insider now owns 290,118 shares in the company, valued at $5,277,246.42. The disclosure for this sale can be found here. Insiders have sold a total of 41,538 shares of company stock valued at $773,419 over the last quarter. Insiders own 2.27% of the company’s stock.

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.