Q4 2024 EPS Estimates for Kratos Defense & Security Solutions, Inc. Reduced by Analyst (NASDAQ:KTOS)

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) – Noble Financial dropped their Q4 2024 earnings per share (EPS) estimates for shares of Kratos Defense & Security Solutions in a research report issued to clients and investors on Monday, August 12th. Noble Financial analyst J. Gomes now anticipates that the aerospace company will post earnings of $0.06 per share for the quarter, down from their previous forecast of $0.08. The consensus estimate for Kratos Defense & Security Solutions’ current full-year earnings is $0.29 per share.

KTOS has been the subject of several other reports. Raymond James upgraded Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $20.00 to $27.00 in a report on Friday, April 26th. JMP Securities initiated coverage on shares of Kratos Defense & Security Solutions in a research report on Tuesday, May 28th. They issued a “market outperform” rating and a $27.00 price objective for the company. JPMorgan Chase & Co. raised their price target on shares of Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. BTIG Research started coverage on shares of Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They set a “neutral” rating on the stock. Finally, Royal Bank of Canada upped their price objective on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $21.16 on Thursday. The company has a current ratio of 3.13, a quick ratio of 2.56 and a debt-to-equity ratio of 0.14. The company has a market cap of $3.20 billion, a PE ratio of 62.00 and a beta of 1.05. The company’s fifty day simple moving average is $20.75 and its 200-day simple moving average is $19.52. Kratos Defense & Security Solutions has a 52 week low of $13.98 and a 52 week high of $22.96.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The firm had revenue of $300.10 million for the quarter, compared to analyst estimates of $276.08 million. During the same quarter last year, the firm posted $0.05 earnings per share. Kratos Defense & Security Solutions’s revenue for the quarter was up 16.8% compared to the same quarter last year.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, Director Bradley L. Boyd sold 1,720 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $21.64, for a total transaction of $37,220.80. Following the transaction, the director now directly owns 3,280 shares in the company, valued at approximately $70,979.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Bradley L. Boyd sold 1,720 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $21.64, for a total value of $37,220.80. Following the completion of the sale, the director now directly owns 3,280 shares of the company’s stock, valued at $70,979.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $21.97, for a total value of $153,790.00. Following the transaction, the insider now directly owns 391,160 shares in the company, valued at approximately $8,593,785.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 184,075 shares of company stock worth $3,963,791. Insiders own 2.27% of the company’s stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several large investors have recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. bought a new stake in Kratos Defense & Security Solutions during the first quarter valued at $46,177,000. Vanguard Group Inc. boosted its holdings in shares of Kratos Defense & Security Solutions by 14.9% in the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after buying an additional 1,807,580 shares during the period. Hood River Capital Management LLC grew its position in shares of Kratos Defense & Security Solutions by 108.7% during the 1st quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock valued at $46,994,000 after buying an additional 1,331,499 shares during the last quarter. Element Capital Management LLC bought a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter valued at about $11,198,000. Finally, Bamco Inc. NY raised its stake in Kratos Defense & Security Solutions by 13.2% during the first quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after acquiring an additional 511,538 shares during the period. 75.92% of the stock is currently owned by institutional investors.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.