What is DA Davidson’s Estimate for Telos FY2024 Earnings?

Telos Co. (NASDAQ:TLS) – Research analysts at DA Davidson increased their FY2024 earnings per share estimates for shares of Telos in a research report issued to clients and investors on Wednesday, November 13th. DA Davidson analyst R. Kessinger now expects that the company will post earnings of ($0.66) per share for the year, up from their previous forecast of ($0.76). DA Davidson has a “Neutral” rating and a $2.50 price target on the stock. The consensus estimate for Telos’ current full-year earnings is ($0.75) per share. DA Davidson also issued estimates for Telos’ Q4 2024 earnings at ($0.20) EPS and FY2025 earnings at ($0.39) EPS.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets lifted their price objective on Telos from $3.00 to $4.50 and gave the company a “market perform” rating in a research report on Wednesday. B. Riley reiterated a “buy” rating and issued a $5.00 price objective on shares of Telos in a research report on Thursday, August 29th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Telos in a research report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Telos has an average rating of “Moderate Buy” and a consensus target price of $4.80.

Telos Trading Down 5.7 %

Shares of TLS opened at $3.30 on Friday. The stock has a fifty day moving average price of $3.62 and a two-hundred day moving average price of $3.69. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.70 and a current ratio of 3.64. Telos has a 52-week low of $1.89 and a 52-week high of $5.03. The company has a market cap of $238.85 million, a price-to-earnings ratio of -4.71 and a beta of 0.96.

Institutional Investors Weigh In On Telos

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC increased its holdings in Telos by 0.6% in the third quarter. Barclays PLC now owns 9,180,956 shares of the company’s stock valued at $32,961,000 after purchasing an additional 52,320 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Telos in the third quarter valued at about $64,000. XTX Topco Ltd bought a new stake in Telos in the third quarter valued at about $240,000. EP Wealth Advisors LLC bought a new stake in Telos in the third quarter valued at about $3,665,000. Finally, State Street Corp grew its stake in Telos by 27.0% in the third quarter. State Street Corp now owns 933,156 shares of the company’s stock valued at $3,350,000 after acquiring an additional 198,676 shares during the period. Institutional investors own 62.14% of the company’s stock.

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.