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

Kratos Defense & Security Solutions (NASDAQ:KTOS) will issue its quarterly earnings data 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 that are interested in registering for the company’s 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 earnings per share 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 firm had revenue of $300.10 million for the quarter, compared to analysts’ expectations of $276.08 million. During the same quarter last year, the firm earned $0.05 earnings per share. The firm’s revenue for the quarter 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 Trading Up 1.3 %

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

Wall Street Analyst Weigh In

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

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco bought 12,396 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were acquired at an average cost of $20.19 per share, with a total value of $250,275.24. Following the completion of the transaction, the chief executive officer now owns 1,058,264 shares in the company, valued at $21,366,350.16. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Thomas E. Iv Mills sold 6,603 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $24.88, for a total value of $164,282.64. Following the completion of the sale, the insider now directly owns 23,848 shares of the company’s stock, valued at $593,338.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric M. Demarco acquired 12,396 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average cost 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 $21,366,350.16. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 76,091 shares of company stock valued at $1,739,101. 2.27% of the stock is currently owned by insiders.

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.