Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) – Research analysts at B. Riley raised their Q2 2019 earnings per share estimates for Kratos Defense & Security Solutions in a report released on Thursday, May 9th, Zacks Investment Research reports. B. Riley analyst M. Crawford now anticipates that the aerospace company will post earnings of $0.05 per share for the quarter, up from their prior forecast of $0.04. B. Riley has a “Buy” rating and a $20.00 price objective on the stock. B. Riley also issued estimates for Kratos Defense & Security Solutions’ Q3 2019 earnings at $0.09 EPS and Q4 2019 earnings at $0.12 EPS.
A number of other equities research analysts have also recently commented on the company. Seaport Global Securities reiterated a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Monday, February 11th. Canaccord Genuity increased their target price on Kratos Defense & Security Solutions from $16.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. JPMorgan Chase & Co. upgraded Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and increased their target price for the company from $18.00 to $24.00 in a report on Friday, May 24th. Noble Financial set a $20.00 price target on Kratos Defense & Security Solutions and gave the stock a “buy” rating in a research note on Friday, February 15th. Finally, BidaskClub lowered Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 13th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $21.42.
NASDAQ:KTOS traded down $0.38 during trading hours on Monday, reaching $22.22. 998,782 shares of the company traded hands, compared to its average volume of 1,149,111. The stock has a market cap of $2.35 billion, a PE ratio of 130.71, a price-to-earnings-growth ratio of 11.25 and a beta of 1.30. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.29 and a current ratio of 2.65. Kratos Defense & Security Solutions has a 1-year low of $11.05 and a 1-year high of $22.96.
Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Wednesday, May 8th. The aerospace company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The business had revenue of $160.40 million for the quarter, compared to analysts’ expectations of $153.24 million. Kratos Defense & Security Solutions had a return on equity of 4.22% and a net margin of 0.28%. During the same quarter in the prior year, the firm posted $0.05 EPS.
Institutional investors and hedge funds have recently modified their holdings of the stock. Stephens Investment Management Group LLC raised its position in Kratos Defense & Security Solutions by 70.5% in the first quarter. Stephens Investment Management Group LLC now owns 1,722,095 shares of the aerospace company’s stock valued at $26,916,000 after purchasing an additional 711,865 shares during the period. Victory Capital Management Inc. purchased a new position in Kratos Defense & Security Solutions in the first quarter valued at about $11,099,000. Impala Asset Management LLC raised its position in Kratos Defense & Security Solutions by 64.8% in the first quarter. Impala Asset Management LLC now owns 1,592,928 shares of the aerospace company’s stock valued at $24,897,000 after purchasing an additional 626,233 shares during the period. Emerald Advisers LLC raised its position in Kratos Defense & Security Solutions by 42.2% in the fourth quarter. Emerald Advisers LLC now owns 2,049,350 shares of the aerospace company’s stock valued at $28,875,000 after purchasing an additional 608,120 shares during the period. Finally, Emerald Mutual Fund Advisers Trust raised its position in Kratos Defense & Security Solutions by 40.7% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 1,862,019 shares of the aerospace company’s stock valued at $26,236,000 after purchasing an additional 538,238 shares during the period. 83.56% of the stock is currently owned by institutional investors and hedge funds.
Kratos Defense & Security Solutions Company Profile
Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.