Telos (NASDAQ:TLS – Get Free Report) released its quarterly earnings results on Monday. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02, FiscalAI reports. Telos had a negative net margin of 14.25% and a negative return on equity of 11.95%. The business had revenue of $47.75 million during the quarter, compared to analysts’ expectations of $45.16 million.
Telos Stock Performance
Shares of TLS stock opened at $4.78 on Monday. The stock’s 50 day simple moving average is $4.61 and its two-hundred day simple moving average is $4.53. The company has a market cap of $357.64 million, a PE ratio of -13.66 and a beta of 1.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.59 and a quick ratio of 2.59. Telos has a 1 year low of $2.37 and a 1 year high of $8.36.
Insiders Place Their Bets
In other news, EVP Gary Mark Bendza sold 80,140 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $4.41, for a total transaction of $353,417.40. Following the transaction, the executive vice president owned 737,008 shares in the company, valued at approximately $3,250,205.28. This trade represents a 9.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Bradley W. Jacobs sold 55,772 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $4.31, for a total transaction of $240,377.32. Following the completion of the transaction, the director directly owned 166,612 shares of the company’s stock, valued at $718,097.72. This trade represents a 25.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 320,772 shares of company stock worth $1,386,488. 14.90% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Telos
Analyst Ratings Changes
Several equities research analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Telos in a research report on Friday, July 17th. Needham & Company LLC initiated coverage on shares of Telos in a report on Tuesday, May 26th. They set a “buy” rating and a $6.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.10.
Read Our Latest Analysis on Telos
Telos Company Profile
Telos Corporation (NASDAQ: TLS) is a provider of cybersecurity, secure communications, and enterprise IT solutions designed to help organizations manage risk, accelerate mission delivery and maintain compliance. The company’s core business activities encompass risk management and compliance automation, secure mobility, zero-trust architecture, cloud security, and identity and access management. Telos serves a diverse customer base that includes U.S. federal agencies, the Department of Defense, intelligence communities and select commercial enterprises.
Among its flagship offerings is the Xacta® platform, which automates assessment and authorization for IT systems and cloud environments, helping clients streamline compliance with NIST, FedRAMP and other frameworks.
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