Telos (NASDAQ:TLS) Issues Earnings Results, Beats Expectations By $0.02 EPS

Telos (NASDAQ:TLS) released its earnings results on Monday. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02, FiscalAI reports. Telos had a negative return on equity of 11.95% and a negative net margin of 14.25%.The business had revenue of $47.75 million for the quarter, compared to the consensus estimate of $45.16 million.

Telos Stock Down 11.4%

TLS stock opened at $4.23 on Monday. The business has a 50-day moving average of $4.61 and a 200-day moving average of $4.53. Telos has a fifty-two week low of $2.82 and a fifty-two week high of $8.36. The stock has a market capitalization of $316.79 million, a P/E ratio of -11.87 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.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TLS shares. Needham & Company LLC began coverage on Telos in a report on Tuesday, May 26th. They set a “buy” rating and a $6.00 price objective on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a research report on Friday, July 17th. Three investment 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.com, Telos currently has an average rating of “Hold” and an average price target of $7.10.

Insider Transactions at Telos

In related news, EVP Gary Mark Bendza sold 97,976 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $4.19, for a total transaction of $410,519.44. Following the completion of the transaction, the executive vice president owned 817,148 shares in the company, valued at approximately $3,423,850.12. This represents a 10.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Derrick D. Dockery sold 8,000 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $4.78, for a total transaction of $38,240.00. Following the transaction, the director owned 186,591 shares of the company’s stock, valued at approximately $891,904.98. This represents a 4.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 320,772 shares of company stock valued at $1,386,488 in the last ninety days. 14.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Telos

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zacks Investment Management bought a new position in shares of Telos in the fourth quarter valued at about $71,000. Tudor Investment Corp ET AL grew its position in shares of Telos by 17.0% in the fourth quarter. Tudor Investment Corp ET AL now owns 450,882 shares of the company’s stock valued at $2,299,000 after purchasing an additional 65,587 shares during the last quarter. Polymer Capital Management US LLC bought a new position in shares of Telos during the fourth quarter worth approximately $91,000. Occudo Quantitative Strategies LP lifted its holdings in Telos by 12.3% during the 4th quarter. Occudo Quantitative Strategies LP now owns 68,514 shares of the company’s stock worth $349,000 after purchasing an additional 7,484 shares during the last quarter. Finally, Oxford Asset Management LLP bought a new stake in Telos in the 4th quarter valued at $243,000. 62.14% of the stock is owned by institutional investors.

About Telos

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.