Kratos Defense & Security Solutions (KTOS) Projected to Post Earnings on Wednesday

Kratos Defense & Security Solutions (NASDAQ:KTOS) will likely be posting its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Kratos Defense & Security Solutions to post earnings of $0.09 per share and revenue of $288.33 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Kratos Defense & Security Solutions Stock Down 3.6 %

KTOS stock opened at $24.39 on Tuesday. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions has a twelve month low of $16.78 and a twelve month high of $35.66. The company’s 50 day moving average is $29.90 and its two-hundred day moving average is $26.14. The stock has a market cap of $3.70 billion, a P/E ratio of 243.92 and a beta of 1.10.

Analyst Ratings Changes

KTOS has been the subject of a number of analyst reports. Robert W. Baird upped their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Truist Financial increased their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.67.

Insider Buying and Selling

In related news, VP De Burgreen Maria Cervantes sold 19,528 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total value of $585,840.00. Following the completion of the sale, the vice president now directly owns 51,121 shares in the company, valued at approximately $1,533,630. The trade was a 27.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $26.73, for a total value of $160,380.00. Following the completion of the sale, the chief financial officer now owns 267,708 shares of the company’s stock, valued at approximately $7,155,834.84. This trade represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,181 shares of company stock valued at $2,665,856. 2.27% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.