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SAN DIEGO—Eric M. DeMarco, President and CEO of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), recently acquired 9,500 shares of the company’s common stock, valued at approximately $250,322. The shares were purchased at a weighted average price of $26.3497 per share. This acquisition was conducted in accordance with Kratos’ trading policies and executed through open market transactions, with prices ranging from $25.95 to $26.7224. The company maintains a healthy balance sheet with a strong current ratio of 2.94, indicating robust liquidity. For deeper insights into insider trading patterns and 12+ additional ProTips, visit InvestingPro.
Following this transaction, DeMarco holds a total of 1,267,482 shares indirectly by trust. Additionally, he directly owns 61,999 shares, which include purchases through the company’s Employee Stock Purchase Plan and holdings in the 401(k) Plan. The company has demonstrated profitability over the last twelve months, with revenue growing at 9.6%.
In other recent news, Kratos Defense & Security Solutions reported its fourth-quarter 2024 earnings, which revealed a slight revenue miss but a better-than-expected earnings per share (EPS). The company achieved an EPS of $0.13, surpassing the projected $0.10, while revenue reached $283.1 million, just shy of the anticipated $287.58 million. Additionally, Kratos announced a joint venture with Rafael, an Israeli defense company, aiming to produce rocket motors for a market valued at approximately $1 billion. This venture is expected to enhance Kratos’s portfolio, which already includes partnerships in drone jet engines and space systems. Analysts from Benchmark maintained a Buy rating for Kratos, citing the company’s transition to a merchant provider of defense solutions, which is anticipated to boost growth and profit margins. They also noted that Kratos’s existing fixed-price contracts could naturally improve margins by over 100 basis points annually. The company forecasts a 10% organic revenue growth for 2025, with a focus on expanding its capabilities in hypersonic systems and tactical drones. Furthermore, Kratos reported a strong book-to-bill ratio of 1.5 times in the fourth quarter, indicating robust demand for its offerings.
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