Kratos Defense & Security Solutions, Inc. to Post Q2 2024 Earnings of $0.02 Per Share, B. Riley Forecasts (NASDAQ:KTOS)

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) - Equities researchers at B. Riley lowered their Q2 2024 earnings estimates for shares of Kratos Defense & Security Solutions in a report issued on Sunday, April 28th. B. Riley analyst M. Crawford now anticipates that the aerospace company will post earnings per share of $0.02 for the quarter, down from their previous estimate of $0.03. The consensus estimate for Kratos Defense & Security Solutions' current full-year earnings is $0.25 per share. B. Riley also issued estimates for Kratos Defense & Security Solutions' Q3 2024 earnings at $0.08 EPS and Q4 2024 earnings at $0.13 EPS.

A number of other analysts have also commented on the company. The Goldman Sachs Group raised their price target on Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 20th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $23.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Wednesday, February 14th. Raymond James raised Kratos Defense & Security Solutions from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the company from $20.00 to $27.00 in a research report on Friday, April 26th. Jefferies Financial Group decreased their target price on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a "hold" rating on the stock in a research note on Wednesday, April 10th. Finally, Truist Financial lifted their price objective on Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a "buy" rating in a research note on Wednesday, January 10th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $22.14.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS traded up $0.37 during midday trading on Wednesday, hitting $18.19. 893,402 shares of the company traded hands, compared to its average volume of 1,315,975. The firm has a market cap of $2.73 billion, a P/E ratio of -303.12 and a beta of 0.80. The stock has a 50-day moving average of $17.99 and a 200-day moving average of $18.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.50. Kratos Defense & Security Solutions has a one year low of $12.12 and a one year high of $21.60.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The aerospace company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a negative net margin of 0.86% and a positive return on equity of 3.01%. The company had revenue of $273.80 million for the quarter, compared to the consensus estimate of $253.39 million. During the same period in the previous year, the firm earned $0.03 EPS. The firm's quarterly revenue was up 9.8% on a year-over-year basis.

Insiders Place Their Bets

In other news, CFO Deanna H. Lund sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total value of $120,000.00. Following the transaction, the chief financial officer now owns 214,765 shares in the company, valued at $4,295,300. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, April 29th. The stock was sold at an average price of $18.76, for a total value of $131,320.00. Following the completion of the transaction, the insider now directly owns 423,098 shares in the company, valued at $7,937,318.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total value of $120,000.00. Following the sale, the chief financial officer now directly owns 214,765 shares of the company's stock, valued at $4,295,300. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,538 shares of company stock worth $773,419. 2.27% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several institutional investors have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors boosted its holdings in shares of Kratos Defense & Security Solutions by 1.3% during the fourth quarter. Arkadios Wealth Advisors now owns 57,081 shares of the aerospace company's stock worth $1,158,000 after purchasing an additional 743 shares during the last quarter. Register Financial Advisors LLC grew its stake in Kratos Defense & Security Solutions by 0.4% in the first quarter. Register Financial Advisors LLC now owns 190,604 shares of the aerospace company's stock worth $3,503,000 after purchasing an additional 750 shares in the last quarter. Arizona State Retirement System grew its stake in Kratos Defense & Security Solutions by 2.1% in the third quarter. Arizona State Retirement System now owns 36,332 shares of the aerospace company's stock worth $546,000 after purchasing an additional 751 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Kratos Defense & Security Solutions by 6.4% in the third quarter. Commonwealth Equity Services LLC now owns 13,395 shares of the aerospace company's stock worth $201,000 after purchasing an additional 808 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Kratos Defense & Security Solutions by 1.6% in the first quarter. Sequoia Financial Advisors LLC now owns 64,027 shares of the aerospace company's stock valued at $1,177,000 after acquiring an additional 982 shares during the period. Institutional investors and hedge funds own 75.92% 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.