Kratos Defense & Security Solutions, Inc (KTOS) Expected to Post Quarterly Sales of $153.81 Million

Analysts expect Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) to report $153.81 million in sales for the current quarter, Zacks reports. Seven analysts have provided estimates for Kratos Defense & Security Solutions’ earnings, with the lowest sales estimate coming in at $150.00 million and the highest estimate coming in at $157.80 million. Kratos Defense & Security Solutions posted sales of $143.00 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.6%. The firm is expected to report its next earnings results on Thursday, May 9th.

According to Zacks, analysts expect that Kratos Defense & Security Solutions will report full year sales of $731.71 million for the current fiscal year, with estimates ranging from $721.20 million to $742.20 million. For the next year, analysts expect that the business will post sales of $837.57 million, with estimates ranging from $791.10 million to $874.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Kratos Defense & Security Solutions.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Thursday, February 28th. The aerospace company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. Kratos Defense & Security Solutions had a negative net margin of 0.57% and a positive return on equity of 3.92%. During the same period in the previous year, the company earned $0.09 earnings per share.

A number of research analysts have recently issued reports on KTOS shares. ValuEngine upgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th. BidaskClub upgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 30th. Drexel Hamilton restated a “buy” rating and issued a $18.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Wednesday, December 19th. Goldman Sachs Group upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Sunday, December 9th. Finally, Noble Financial set a $20.00 price objective on shares of Kratos Defense & Security Solutions and gave the stock a “buy” rating in a research report on Friday, February 15th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.20.

Several institutional investors have recently bought and sold shares of the company. Morgan Stanley raised its holdings in shares of Kratos Defense & Security Solutions by 43.5% in the 3rd quarter. Morgan Stanley now owns 1,025,133 shares of the aerospace company’s stock valued at $15,151,000 after purchasing an additional 310,787 shares during the period. Vanguard Group Inc. grew its position in shares of Kratos Defense & Security Solutions by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,077,232 shares of the aerospace company’s stock worth $60,262,000 after purchasing an additional 46,579 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Kratos Defense & Security Solutions by 22.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 545,662 shares of the aerospace company’s stock worth $8,065,000 after purchasing an additional 98,859 shares in the last quarter. FMR LLC grew its position in shares of Kratos Defense & Security Solutions by 44.3% during the 3rd quarter. FMR LLC now owns 8,722,104 shares of the aerospace company’s stock worth $128,913,000 after purchasing an additional 2,676,121 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its position in shares of Kratos Defense & Security Solutions by 1,377.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 5,542 shares of the aerospace company’s stock worth $375,000 after purchasing an additional 5,167 shares in the last quarter. Institutional investors own 87.38% of the company’s stock.

Shares of NASDAQ:KTOS traded up $0.17 during trading on Wednesday, reaching $15.80. The stock had a trading volume of 1,126,300 shares, compared to its average volume of 1,100,268. Kratos Defense & Security Solutions has a 52 week low of $9.76 and a 52 week high of $17.87. The company has a current ratio of 3.00, a quick ratio of 2.72 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $1.65 billion, a P/E ratio of 92.94, a price-to-earnings-growth ratio of 8.09 and a beta of 1.91.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through three segments: Kratos Government Solutions, Unmanned Systems, and Public Safety & Security. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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