Northland Capmk Brokers Lower Earnings Estimates for Telos Co. (NASDAQ:TLS)
Telos Co. (NASDAQ:TLS – Free Report) – Research analysts at Northland Capmk reduced their Q1 2024 EPS estimates for shares of Telos in a report issued on Monday, March 18th. Northland Capmk analyst N. Chokshi now forecasts that the company will post earnings of ($0.21) per share for the quarter, down from their previous estimate of ($0.16). The consensus estimate for Telos’ current full-year earnings is ($0.69) per share. Northland Capmk also issued estimates for Telos’ Q2 2024 earnings at ($0.21) EPS, Q3 2024 earnings at ($0.20) EPS, Q4 2024 earnings at ($0.11) EPS, FY2024 earnings at ($0.75) EPS and FY2025 earnings at ($0.44) EPS.
Telos (NASDAQ:TLS – Get Free Report) last announced its earnings results on Friday, March 15th. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.12). Telos had a negative net margin of 23.68% and a negative return on equity of 24.23%. The business had revenue of $41.06 million for the quarter, compared to analyst estimates of $31.97 million. During the same quarter last year, the business earned ($0.18) earnings per share.
A number of other research analysts have also weighed in on the company. BMO Capital Markets raised their price objective on Telos from $3.50 to $4.50 and gave the company a “market perform” rating in a report on Monday. DA Davidson increased their price objective on shares of Telos from $3.25 to $3.50 and gave the company a “neutral” rating in a report on Monday. Northland Securities boosted their target price on Telos from $4.00 to $6.00 and gave the stock an “outperform” rating in a report on Monday, December 11th. Finally, B. Riley lifted their target price on shares of Telos from $4.50 to $5.50 and gave the stock a “buy” rating in a research note on Monday.
Check Out Our Latest Stock Report on TLS
Telos Price Performance
NASDAQ:TLS opened at $4.47 on Thursday. The company has a current ratio of 3.57, a quick ratio of 4.57 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average of $3.95 and a two-hundred day moving average of $3.42. The firm has a market cap of $314.33 million, a P/E ratio of -8.94 and a beta of 0.81. Telos has a 12 month low of $1.53 and a 12 month high of $5.00.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Hong Kong Ltd lifted its stake in Telos by 119.3% in the second quarter. Point72 Hong Kong Ltd now owns 4,564 shares of the company’s stock worth $37,000 after acquiring an additional 2,483 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Telos by 1,411.7% during the third quarter. Royal Bank of Canada now owns 5,684 shares of the company’s stock worth $51,000 after purchasing an additional 5,308 shares in the last quarter. Schechter Investment Advisors LLC acquired a new position in shares of Telos during the fourth quarter worth $38,000. Baystate Wealth Management LLC purchased a new position in Telos in the second quarter valued at $27,000. Finally, Credit Suisse AG acquired a new stake in Telos in the second quarter valued at $89,000. 59.88% of the stock is owned by institutional investors and hedge funds.
Telos Company Profile
Telos Corporation, together with its subsidiaries, provides cyber, cloud, and enterprise security solutions worldwide. The company operates in two segments, Security Solutions and Secure Networks. It provides Xacta, a platform for enterprise cyber risk management and security compliance automation; and consulting, assessment and compliance, engineering and evaluation, operations, and penetration testing services.
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