Kratos Defense & Security Solutions (NASDAQ:KTOS) Posts Earnings Results, Beats Expectations By $0.06 EPS

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

Kratos Defense & Security Solutions Price Performance

Shares of KTOS traded down $0.03 during midday trading on Friday, hitting $19.70. 159,396 shares of the company traded hands, compared to its average volume of 1,303,375. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.50. The stock has a 50-day moving average of $18.06 and a 200-day moving average of $18.54. The firm has a market cap of $2.95 billion, a P/E ratio of -328.83 and a beta of 0.81. Kratos Defense & Security Solutions has a one year low of $12.88 and a one year high of $21.60.

Insider Buying and Selling

In related news, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $18.05, for a total value of $27,075.00. Following the transaction, the senior vice president now directly owns 90,713 shares in the company, valued at $1,637,369.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $20.87, for a total value of $73,045.00. Following the completion of the sale, the insider now owns 223,131 shares of the company’s stock, valued at $4,656,743.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $18.05, for a total value of $27,075.00. Following the completion of the sale, the senior vice president now directly owns 90,713 shares of the company’s stock, valued at approximately $1,637,369.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,538 shares of company stock worth $773,419. Insiders own 2.27% of the company’s stock.

Analyst Upgrades and Downgrades

KTOS has been the subject of several recent research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $23.00 price objective on shares of Kratos Defense & Security Solutions in a report on Wednesday, February 14th. Benchmark reissued a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Thursday, April 25th. The Goldman Sachs Group lifted their price objective on Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. Raymond James raised Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $20.00 to $27.00 in a report on Friday, April 26th. Finally, Jefferies Financial Group decreased their price objective on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.14.

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.