$0.07 Earnings Per Share Expected for Kratos Defense & Security Solutions, Inc (KTOS) This Quarter

Brokerages expect that Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) will announce earnings of $0.07 per share for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Kratos Defense & Security Solutions’ earnings. The highest EPS estimate is $0.09 and the lowest is $0.04. Kratos Defense & Security Solutions posted earnings of $0.02 per share during the same quarter last year, which would indicate a positive year over year growth rate of 250%. The company is scheduled to issue its next quarterly earnings report on Monday, February 26th.

On average, analysts expect that Kratos Defense & Security Solutions will report full year earnings of $0.10 per share for the current year, with EPS estimates ranging from $0.07 to $0.13. For the next year, analysts expect that the business will post earnings of $0.33 per share, with EPS estimates ranging from $0.25 to $0.44. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Kratos Defense & Security Solutions.

KTOS has been the subject of a number of research analyst reports. B. Riley restated a “buy” rating and set a $16.00 price objective on shares of Kratos Defense & Security Solutions in a report on Monday, December 18th. Canaccord Genuity restated a “buy” rating and set a $15.00 price objective on shares of Kratos Defense & Security Solutions in a report on Wednesday, November 1st. Noble Financial restated a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, January 4th. Jefferies Group reiterated a “hold” rating and issued a $12.50 price target on shares of Kratos Defense & Security Solutions in a report on Monday, January 8th. Finally, Zacks Investment Research upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Kratos Defense & Security Solutions presently has an average rating of “Hold” and a consensus price target of $12.90.

Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) opened at $11.84 on Thursday. The company has a market capitalization of $1,220.00, a price-to-earnings ratio of -38.19, a PEG ratio of 6.44 and a beta of 1.97. The company has a current ratio of 2.86, a quick ratio of 2.54 and a debt-to-equity ratio of 0.70. Kratos Defense & Security Solutions has a twelve month low of $6.96 and a twelve month high of $13.93.

In related news, Director Scot B. Jarvis purchased 10,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was purchased at an average cost of $10.50 per share, for a total transaction of $105,000.00. Following the acquisition, the director now owns 95,200 shares in the company, valued at $999,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.92% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Kratos Defense & Security Solutions by 21.1% in the 4th quarter. BlackRock Inc. now owns 9,521,059 shares of the aerospace company’s stock valued at $100,829,000 after purchasing an additional 1,658,157 shares in the last quarter. Vanguard Group Inc. boosted its position in Kratos Defense & Security Solutions by 7.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,963,668 shares of the aerospace company’s stock valued at $35,179,000 after buying an additional 202,727 shares during the last quarter. State Street Corp boosted its position in Kratos Defense & Security Solutions by 28.1% in the 2nd quarter. State Street Corp now owns 2,703,519 shares of the aerospace company’s stock valued at $32,092,000 after buying an additional 593,779 shares during the last quarter. Millennium Management LLC boosted its position in Kratos Defense & Security Solutions by 6.3% in the 4th quarter. Millennium Management LLC now owns 2,518,510 shares of the aerospace company’s stock valued at $26,671,000 after buying an additional 149,055 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY boosted its position in Kratos Defense & Security Solutions by 40.2% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 2,345,400 shares of the aerospace company’s stock valued at $24,837,000 after buying an additional 672,100 shares during the last quarter. Hedge funds and other institutional investors own 72.88% of the company’s stock.

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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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