Telos (NASDAQ:TLS) Announces Earnings Results, Beats Expectations By $0.06 EPS

Telos (NASDAQ:TLS) announced its earnings results on Monday. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06, FiscalAI reports. Telos had a negative net margin of 8.13% and a negative return on equity of 2.60%. The business had revenue of $55.20 million during the quarter, compared to analyst estimates of $50.11 million.

Telos Price Performance

Telos stock opened at $5.82 on Monday. The stock has a market cap of $435.19 million, a price-to-earnings ratio of -28.64 and a beta of 0.98. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.38 and a quick ratio of 2.26. Telos has a 1 year low of $3.79 and a 1 year high of $8.36. The firm has a 50-day moving average of $4.54 and a two-hundred day moving average of $4.52.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TLS. Wedbush lowered shares of Telos from an “outperform” rating to a “neutral” rating and set a $5.00 target price on the stock. in a research note on Thursday, September 10th. Zacks Research raised shares of Telos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Weiss Ratings raised shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Wall Street Zen cut shares of Telos from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Yorkville Ives assumed coverage on Telos in a report on Monday, October 5th. They issued an “outperform” rating and a $6.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Telos currently has an average rating of “Moderate Buy” and an average target price of $6.42.

Insider Activity at Telos

In other news, EVP Hutchinson Robbins sold 62,398 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $4.73, for a total transaction of $295,142.54. Following the transaction, the executive vice president owned 589,915 shares in the company, valued at approximately $2,790,297.95. This trade represents a 9.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Gary Bendza sold 174,539 shares of the firm’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $4.05, for a total transaction of $706,882.95. Following the transaction, the executive vice president directly owned 337,008 shares in the company, valued at $1,364,882.40. This trade represents a 34.12% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 581,549 shares of company stock worth $2,512,583. Insiders own 14.90% of the company’s stock.

About Telos

Telos Corporation (NASDAQ: TLS) is a cybersecurity and information technology company that provides secure technology solutions to government and commercial organizations. The company focuses on helping customers protect critical systems, data and digital identities while supporting secure operations in complex and highly regulated environments.

Its offerings include cybersecurity consulting, cloud security, secure networking, identity and access management, risk management and governance solutions.