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