Equities analysts expect that Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) will announce $185.98 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Kratos Defense & Security Solutions’ earnings. The highest sales estimate is $186.50 million and the lowest is $185.00 million. Kratos Defense & Security Solutions reported sales of $165.40 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12.4%. The company is expected to announce its next quarterly earnings results on Wednesday, November 1st.

On average, analysts expect that Kratos Defense & Security Solutions will report full-year sales of $185.98 million for the current financial year, with estimates ranging from $716.10 million to $740.00 million. For the next year, analysts anticipate that the business will post sales of $768.24 million per share, with estimates ranging from $741.20 million to $781.00 million. Zacks’ sales averages are an average based on a survey of analysts that follow Kratos Defense & Security Solutions.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Thursday, July 27th. The aerospace company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Kratos Defense & Security Solutions had a negative net margin of 6.29% and a negative return on equity of 1.40%. The firm had revenue of $185.70 million for the quarter, compared to analyst estimates of $172.78 million. During the same period last year, the firm earned $0.01 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year.

A number of analysts have recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $16.00 target price on shares of Kratos Defense & Security Solutions in a research report on Tuesday, July 11th. Noble Financial reaffirmed a “buy” rating on shares of Kratos Defense & Security Solutions in a research report on Saturday, May 6th. SunTrust Banks, Inc. downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating and set a $12.00 target price on the stock. in a research report on Friday, July 14th. Finally, Zacks Investment Research downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $12.66.

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Kratos Defense & Security Solutions (KTOS) opened at 12.29 on Friday. The firm has a 50 day moving average of $12.02 and a 200-day moving average of $9.70. The company’s market capitalization is $1.07 billion. Kratos Defense & Security Solutions has a 1-year low of $5.23 and a 1-year high of $13.02.

In other news, CEO Eric M. Demarco purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were bought at an average price of $10.57 per share, for a total transaction of $105,700.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 23.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. SG Capital Management LLC purchased a new position in shares of Kratos Defense & Security Solutions during the second quarter worth about $15,458,000. Capital World Investors boosted its position in shares of Kratos Defense & Security Solutions by 32.2% in the second quarter. Capital World Investors now owns 4,487,000 shares of the aerospace company’s stock worth $53,261,000 after buying an additional 1,092,000 shares during the last quarter. Emerald Advisers Inc. PA boosted its position in shares of Kratos Defense & Security Solutions by 51.8% in the first quarter. Emerald Advisers Inc. PA now owns 2,059,710 shares of the aerospace company’s stock worth $16,025,000 after buying an additional 702,505 shares during the last quarter. State Street Corp boosted its position in shares of Kratos Defense & Security Solutions by 48.7% in the first quarter. State Street Corp now owns 2,109,740 shares of the aerospace company’s stock worth $16,414,000 after buying an additional 691,425 shares during the last quarter. Finally, Castleark Management LLC purchased a new position in shares of Kratos Defense & Security Solutions during the second quarter worth about $7,880,000. Institutional investors own 74.36% 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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