Market Overview

UPDATE: Jefferies Lowers PT on Kratos Defense & Security Solutions on Q4 EPS

Related KTOS
Kratos a Key Member of Team Awarded $44M Contract for Weapon Systems Sustainment
Kratos Receives On Board Video Surveillance Systems (OBVSS) Contracts to Support Large Mass Transit Authority With Total Potential Value of $17 Million

In a report published Wednesday, Jefferies analyst Howard A. Rubel reiterated his Hold rating on Kratos Defense & Security Solutions (NASDAQ: KTOS), but lowered his price target from $6.00 to $5.00.

In the report, Rubel noted, “Kratos reported Q4 EPS of ($1.61) vs. our estimate of ($0.08). The loss was due to non-cash goodwill and intangible asset impairment charges of $96.6MM. Revenues of $263.6MM matched our forecast. Excluding one time items, we estimate KTOS broke even.”

Kratos Defense & Security Solutions closed on Tuesday at $4.48.

Latest Ratings for KTOS

Sep 2013JefferiesMaintainsHold
Jul 2013JefferiesMaintainsHold
Mar 2013JefferiesMaintainsHold

View More Analyst Ratings for KTOS
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings


Related Articles (KTOS)

View Comments and Join the Discussion!

Get Benzinga's Newsletters