Wall Street analysts expect Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) to post sales of $186.28 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Kratos Defense & Security Solutions’ earnings, with estimates ranging from $185.00 million to $188.00 million. Kratos Defense & Security Solutions posted sales of $165.40 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.6%. The business is expected to report its next quarterly earnings results after the market closes on Thursday, November 2nd.

According to Zacks, analysts expect that Kratos Defense & Security Solutions will report full year sales of $186.28 million for the current financial year, with estimates ranging from $735.00 million to $740.00 million. For the next year, analysts expect that the firm will report sales of $774.20 million per share, with estimates ranging from $765.00 million to $781.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Kratos Defense & Security Solutions.

A number of research analysts have issued reports on KTOS shares. B. Riley reaffirmed a “buy” rating and issued a $16.00 price target on shares of Kratos Defense & Security Solutions in a report on Tuesday, July 11th. Canaccord Genuity reaffirmed a “buy” rating and issued a $14.00 price target on shares of Kratos Defense & Security Solutions in a report on Thursday, July 6th. Zacks Investment Research raised shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Wednesday, July 19th. BidaskClub cut shares of Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Noble Financial set a $14.00 price target on shares of Kratos Defense & Security Solutions and gave the stock a “buy” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $12.78.

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In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco acquired 8,905 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were purchased at an average price of $11.19 per share, for a total transaction of $99,646.95. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 23.20% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in KTOS. Peregrine Capital Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the third quarter worth $19,546,000. SG Capital Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the second quarter worth $15,458,000. Capital World Investors increased its stake 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 acquiring an additional 1,092,000 shares during the period. State Street Corp increased its stake 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 acquiring an additional 691,425 shares during the period. Finally, Castleark Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the second quarter worth $7,880,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

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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