Equities research analysts forecast that Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) will report sales of $173.14 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Kratos Defense & Security Solutions’ earnings, with the lowest sales estimate coming in at $172.00 million and the highest estimate coming in at $176.00 million. Kratos Defense & Security Solutions posted sales of $168.20 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.9%. The business is expected to report its next earnings report on Thursday, August 3rd.

On average, analysts expect that Kratos Defense & Security Solutions will report full year sales of $173.14 million for the current year, with estimates ranging from $712.00 million to $720.10 million. For the next financial year, analysts expect that the company will report sales of $753.80 million per share, with estimates ranging from $741.20 million to $775.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Kratos Defense & Security Solutions.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Thursday, May 4th. The aerospace company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04. Kratos Defense & Security Solutions had a negative net margin of 7.07% and a negative return on equity of 1.02%. The business had revenue of $167.80 million during the quarter, compared to analysts’ expectations of $159.53 million. During the same quarter in the previous year, the company earned ($0.13) earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis.

A number of brokerages have issued reports on KTOS. Seaport Global Securities began coverage on shares of Kratos Defense & Security Solutions in a research report on Friday, March 17th. They set a “buy” rating and a $10.00 target price for the company. Canaccord Genuity restated a “buy” rating and set a $14.00 target price (up previously from $10.00) on shares of Kratos Defense & Security Solutions in a research report on Friday, May 19th. Noble Financial restated a “buy” rating on shares of Kratos Defense & Security Solutions in a research report on Saturday, March 18th. Zacks Investment Research upgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research report on Monday, May 1st. Finally, B. Riley restated a “buy” rating and set a $11.00 target price on shares of Kratos Defense & Security Solutions in a research report on Sunday, May 7th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Kratos Defense & Security Solutions has a consensus rating of “Buy” and a consensus target price of $10.17.

Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) opened at 12.19 on Friday. The company’s 50-day moving average is $10.72 and its 200 day moving average is $8.60. The stock’s market cap is $1.05 billion. Kratos Defense & Security Solutions has a 52 week low of $4.01 and a 52 week high of $12.34.

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In other news, CEO Eric M. Demarco purchased 10,000 shares of the stock in a transaction dated Tuesday, May 30th. The stock was acquired at an average cost of $10.57 per share, for a total transaction of $105,700.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 23.20% of the company’s stock.

Several large investors have recently modified their holdings of the company. Fox Run Management L.L.C. bought a new stake in Kratos Defense & Security Solutions during the first quarter worth about $103,000. Boulegeris Investments Inc. bought a new stake in Kratos Defense & Security Solutions during the first quarter worth about $110,000. KCG Holdings Inc. increased its stake in Kratos Defense & Security Solutions by 33.9% in the first quarter. KCG Holdings Inc. now owns 14,569 shares of the aerospace company’s stock worth $113,000 after buying an additional 3,685 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in Kratos Defense & Security Solutions during the first quarter worth about $113,000. Finally, Marshall Wace LLP bought a new stake in Kratos Defense & Security Solutions during the fourth quarter worth about $135,000. Institutional investors and hedge funds own 73.93% of the company’s stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc is a technology, intellectual property and proprietary product and solution company focused on the United States and its allies’ national security. The Kratos Government Solutions segment includes the operations of Defense Rocket Support Services, Microwave Electronics Division, Technical and Training Solutions, and Modular Systems, which provide technology-based defense solutions, involving products and services, with the focus relating to the nation’s Command, Control, Communications, Computing, Combat Systems, Intelligence, Surveillance and Reconnaissance requirements.

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