Telos (NASDAQ:TLS) Issues Earnings Results

Telos (NASDAQ:TLS) 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 return on equity of 11.95% and a negative net margin of 14.25%.The company had revenue of $47.75 million for the quarter, compared to analysts’ expectations of $45.16 million.

Telos Stock Performance

Shares of TLS opened at $4.78 on Monday. Telos has a 1 year low of $2.37 and a 1 year high of $8.36. The stock has a market capitalization 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 quick ratio of 2.59 and a current ratio of 2.59. The stock has a 50-day simple moving average of $4.61 and a 200-day simple moving average of $4.53.

Insider Activity at Telos

In other Telos news, EVP Gary Mark Bendza sold 80,140 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $4.41, for a total transaction of $353,417.40. Following the completion of the transaction, the executive vice president owned 737,008 shares in the company, valued at $3,250,205.28. The trade was a 9.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Bradley W. Jacobs sold 55,772 shares of Telos stock in a transaction 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 sale, the director directly owned 166,612 shares of the company’s stock, valued at approximately $718,097.72. This trade represents a 25.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 320,772 shares of company stock valued at $1,386,488 over the last 90 days. 14.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Telos

Large investors have recently bought and sold shares of the business. Rhumbline Advisers lifted its holdings in shares of Telos by 3.4% during the second quarter. Rhumbline Advisers now owns 82,432 shares of the company’s stock worth $261,000 after purchasing an additional 2,740 shares during the period. Public Employees Retirement System of Ohio lifted its position in Telos by 12.6% in the third quarter. Public Employees Retirement System of Ohio now owns 27,749 shares of the company’s stock valued at $190,000 after purchasing an additional 3,100 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Telos by 5.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 67,936 shares of the company’s stock valued at $347,000 after buying an additional 3,715 shares during the period. American Century Companies Inc. boosted its position in shares of Telos by 3.6% during the 2nd quarter. American Century Companies Inc. now owns 112,106 shares of the company’s stock worth $355,000 after purchasing an additional 3,889 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Telos by 28.7% during the 1st quarter. NewEdge Advisors LLC now owns 17,918 shares of the company’s stock worth $43,000 after purchasing an additional 4,000 shares during the period. Hedge funds and other institutional investors own 62.14% of the company’s stock.

Wall Street Analysts Forecast Growth

TLS has been the topic of several research reports. Needham & Company LLC assumed coverage on shares of Telos in a research report on Tuesday, May 26th. They set a “buy” rating and a $6.00 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $7.10.

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.