Kratos Reports Full Year and Fourth Quarter Fiscal 2014 Financial Results
For the fourth quarter ended Dec. 29, 2014, Kratos reported revenues of $221.5 million.
SAN DIEGO – Kratos Defense & Security Solutions (NASDAQ:KTOS) reported 11 cents earnings per share in its latest quarterly report, beating analysts’ consensus estimate of 7 cents, according to Analyst Ratings Net.
The company reported fiscal year 2014 revenues of $868 million and adjusted EBITDA of $82.2 million, or 9.5% of revenue. For the fourth quarter ended Dec. 29, 2014, Kratos reported revenues of $221.5 million, adjusted EBITDA of $23 million, or 10.4% of revenue, and cash flow from operations of $25.9 million.
A number of research firms have recently commented on the KTOS. Analysts at B. Riley reiterated a “buy” rating and set a $9 price target on shares of Kratos in a research note on March 6. Analysts at Noble Financial lowered their price target on shares of Kratos from $10.50 to $9.00 and set a “buy” rating on the stock in a research note on Jan. 9. They noted that the move was a valuation call. Finally, analysts at Zacks upgraded shares of Kratos from an “underperform” rating to a “neutral” rating and set a $5 price target on the stock in a research note on Jan. 7.
Kratos has a 52 week low of $4.21 and a 52 week high of $9.08. The company’s market cap is $342.73 million, according to Analyst Ratings Net.
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