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

Telos Co. (NASDAQ:TLS) – Equities researchers at DA Davidson raised their FY2024 earnings per share estimates for Telos in a note issued to investors on Wednesday, November 13th. DA Davidson analyst R. Kessinger now expects that the company will earn ($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 objective 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.

Several other research firms have also issued reports on TLS. Needham & Company LLC restated a “hold” rating on shares of Telos in a research note on Monday, August 12th. BMO Capital Markets upped their price objective on Telos from $3.00 to $4.50 and gave the company a “market perform” rating in a research note on Wednesday. Finally, B. Riley restated a “buy” rating and issued a $5.00 price objective on shares of Telos in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $4.80.

Telos Price Performance

NASDAQ:TLS opened at $3.30 on Friday. The company has a quick ratio of 4.70, a current ratio of 3.64 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average price is $3.62 and its two-hundred day moving average price is $3.69. The firm has a market capitalization of $238.85 million, a price-to-earnings ratio of -4.71 and a beta of 0.96. Telos has a 12-month low of $1.89 and a 12-month high of $5.03.

Hedge Funds Weigh In On Telos

A number of large investors have recently made changes to their positions in TLS. Bank of New York Mellon Corp grew its position in Telos by 1,396.5% during the second quarter. Bank of New York Mellon Corp now owns 180,901 shares of the company’s stock worth $727,000 after buying an additional 168,813 shares in the last quarter. Renaissance Technologies LLC grew its position in Telos by 22.9% during the second quarter. Renaissance Technologies LLC now owns 1,024,400 shares of the company’s stock worth $4,118,000 after buying an additional 190,700 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Telos during the first quarter worth approximately $247,000. Lazard Asset Management LLC acquired a new stake in Telos during the first quarter worth approximately $58,000. Finally, American Century Companies Inc. grew its position in Telos by 11.5% during the second quarter. American Century Companies Inc. now owns 79,988 shares of the company’s stock worth $322,000 after buying an additional 8,229 shares in the last quarter. 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.