Telos Co. to Post Q2 2024 Earnings of ($0.22) Per Share, DA Davidson Forecasts (NASDAQ:TLS)

Telos Co. (NASDAQ:TLS - Free Report) - Analysts at DA Davidson issued their Q2 2024 earnings per share estimates for shares of Telos in a report released on Monday, May 13th. DA Davidson analyst R. Kessinger anticipates that the company will earn ($0.22) per share for the quarter. DA Davidson currently has a "Neutral" rating and a $3.50 price target on the stock. The consensus estimate for Telos' current full-year earnings is ($0.73) per share. DA Davidson also issued estimates for Telos' FY2024 earnings at ($0.83) EPS and FY2025 earnings at ($0.66) EPS.

Several other brokerages have also commented on TLS. Wedbush restated an "outperform" rating and issued a $6.00 price target on shares of Telos in a research note on Monday. B. Riley lifted their target price on Telos from $4.50 to $5.50 and gave the company a "buy" rating in a research note on Monday, March 18th. Needham & Company LLC reissued a "hold" rating on shares of Telos in a research note on Monday. Finally, BMO Capital Markets cut their price objective on shares of Telos from $4.50 to $4.00 and set a "market perform" rating on the stock in a research note on Monday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Telos presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.00.

Telos Stock Performance

Shares of TLS stock traded up $0.77 during trading hours on Wednesday, reaching $3.94. The stock had a trading volume of 1,348,604 shares, compared to its average volume of 406,209. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.05 and a quick ratio of 3.54. The firm has a 50-day simple moving average of $3.71 and a 200-day simple moving average of $3.82. The firm has a market capitalization of $282.73 million, a PE ratio of -9.11 and a beta of 0.90. Telos has a twelve month low of $1.87 and a twelve month high of $5.00.

Telos (NASDAQ:TLS - Get Free Report) last issued its quarterly earnings data on Friday, March 15th. The company reported ($0.12) EPS for the quarter, hitting analysts' consensus estimates of ($0.12). Telos had a negative return on equity of 22.69% and a negative net margin of 22.22%. The firm had revenue of $41.06 million during the quarter, compared to the consensus estimate of $31.97 million. During the same period in the prior year, the business earned ($0.18) EPS.

Insider Buying and Selling at Telos

In other news, Director Fredrick Schaufeld bought 84,063 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average cost of $3.14 per share, with a total value of $263,957.82. Following the completion of the acquisition, the director now directly owns 339,512 shares in the company, valued at $1,066,067.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Telos news, Director Fredrick Schaufeld bought 84,063 shares of Telos stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average cost of $3.14 per share, for a total transaction of $263,957.82. Following the completion of the acquisition, the director now owns 339,512 shares of the company's stock, valued at approximately $1,066,067.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John B. Wood purchased 50,000 shares of the company's stock in a transaction on Tuesday, May 14th. The stock was bought at an average cost of $3.11 per share, for a total transaction of $155,500.00. Following the acquisition, the chief executive officer now directly owns 4,843,281 shares of the company's stock, valued at approximately $15,062,603.91. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 140,213 shares of company stock valued at $438,707. 12.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Telos

A number of hedge funds and other institutional investors have recently modified their holdings of TLS. Schechter Investment Advisors LLC purchased a new position in Telos during the 4th quarter worth approximately $38,000. Fifth Lane Capital LP purchased a new position in shares of Telos during the first quarter valued at $44,000. NBC Securities Inc. acquired a new position in Telos during the third quarter valued at $28,000. SG Americas Securities LLC purchased a new stake in Telos in the 1st quarter worth about $58,000. Finally, Lazard Asset Management LLC acquired a new stake in Telos during the 1st quarter worth about $58,000. Institutional investors and hedge funds own 62.14% of the company's stock.

Telos Company Profile

Telos Corporation, together with its subsidiaries, provides cyber, cloud, and enterprise security solutions worldwide. The company operates in two segments, Security Solutions and Secure Networks. It provides Xacta, a platform for enterprise cyber risk management and security compliance automation; and consulting, assessment and compliance, engineering and evaluation, operations, and penetration testing services.