DA Davidson Estimates Telos’ FY2024 Earnings (NASDAQ:TLS)

Telos Co. (NASDAQ:TLS) – Equities researchers at DA Davidson lifted their FY2024 EPS estimates for Telos in a note issued to investors on Wednesday, November 13th. DA Davidson analyst R. Kessinger now expects that the company will post earnings per share of ($0.66) 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.

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

Telos Price Performance

Shares of NASDAQ TLS opened at $3.50 on Friday. The firm has a 50-day simple moving average of $3.61 and a 200-day simple moving average of $3.69. The company has a current ratio of 3.64, a quick ratio of 4.70 and a debt-to-equity ratio of 0.06. Telos has a 52 week low of $1.89 and a 52 week high of $5.03.

Institutional Investors Weigh In On Telos

Several hedge funds and other institutional investors have recently bought and sold shares of TLS. Bank of New York Mellon Corp increased its position in shares of 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 valued at $727,000 after acquiring an additional 168,813 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Telos by 22.9% in the second quarter. Renaissance Technologies LLC now owns 1,024,400 shares of the company’s stock valued at $4,118,000 after purchasing an additional 190,700 shares during the period. Oppenheimer & Co. Inc. purchased a new position in shares of Telos in the first quarter valued at approximately $247,000. Lazard Asset Management LLC purchased a new position in shares of Telos in the first quarter valued at approximately $58,000. Finally, American Century Companies Inc. boosted its stake in shares of Telos by 11.5% in the second quarter. American Century Companies Inc. now owns 79,988 shares of the company’s stock valued at $322,000 after purchasing an additional 8,229 shares during the period. 62.14% of the stock is currently owned by institutional investors and hedge funds.

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.