Oppenheimer Maintains a 'Perform' on Kratos Defense & Security (KTOS); A Lot Needs to Go Right in 2H
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Price: $5.88 +0.51%
Rating Summary:
2 Buy, 4 Hold, 0 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
2 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade KTOS Now!
Oppenheimer maintains a 'Perform' on Kratos Defense & Security (NASDAQ: KTOS).
Analyst, Yair Reiner, said, "Our 2Q12 targets for KTOS were low, but not low enough. While the past 12 months of acquisitions (Integral, SecureInfo, Critical Infrastructure) lifted sales 29% YoY, KTOS' 13% organic revenue decline was sharper than we or the Street had modeled. Profit was also soft, with 2Q12 EBITDA of $24.3M missing the Street's $27.5M. Also, with the integration of the Critical Infrastructure business pushed to 2H, PSS margins will see pressure for the rest of 2012. Overall, we think a lot needs to go right in 2H12 for KTOS to hit its reiterated full-year target, which seems a wee too hopeful given the dual headwinds of a likely CR and a possible sequestration."
FY12 EPS estimate lowered from (0.05) to (0.34) and FY13 lowered from $0.23 to $0.17.
For an analyst ratings summary and ratings history on Kratos Defense & Security click here. For more ratings news on Kratos Defense & Security click here.
Shares of Kratos Defense & Security closed at $5.47 yesterday, with a 52 week range of $4.61-$10.46.
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Analyst, Yair Reiner, said, "Our 2Q12 targets for KTOS were low, but not low enough. While the past 12 months of acquisitions (Integral, SecureInfo, Critical Infrastructure) lifted sales 29% YoY, KTOS' 13% organic revenue decline was sharper than we or the Street had modeled. Profit was also soft, with 2Q12 EBITDA of $24.3M missing the Street's $27.5M. Also, with the integration of the Critical Infrastructure business pushed to 2H, PSS margins will see pressure for the rest of 2012. Overall, we think a lot needs to go right in 2H12 for KTOS to hit its reiterated full-year target, which seems a wee too hopeful given the dual headwinds of a likely CR and a possible sequestration."
FY12 EPS estimate lowered from (0.05) to (0.34) and FY13 lowered from $0.23 to $0.17.
For an analyst ratings summary and ratings history on Kratos Defense & Security click here. For more ratings news on Kratos Defense & Security click here.
Shares of Kratos Defense & Security closed at $5.47 yesterday, with a 52 week range of $4.61-$10.46.
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