Brokerages predict that Leidos Holdings Inc (NYSE:LDOS) will post earnings per share (EPS) of $1.34 for the current quarter, according to Zacks. Four analysts have made estimates for Leidos’ earnings. The lowest EPS estimate is $1.24 and the highest is $1.42. Leidos reported earnings of $1.10 per share during the same quarter last year, which indicates a positive year over year growth rate of 21.8%. The company is scheduled to issue its next earnings results on Tuesday, February 18th.
On average, analysts expect that Leidos will report full year earnings of $4.96 per share for the current year, with EPS estimates ranging from $4.75 to $5.07. For the next year, analysts expect that the business will post earnings of $5.39 per share, with EPS estimates ranging from $5.20 to $5.55. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Leidos.
Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, October 29th. The aerospace company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.17. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.73 billion. Leidos had a return on equity of 21.12% and a net margin of 6.25%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 EPS.
A number of equities analysts have recently weighed in on the company. SunTrust Banks upped their target price on Leidos to $95.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Barclays initiated coverage on Leidos in a report on Friday, September 20th. They issued an “equal weight” rating and a $97.00 price objective on the stock. Cowen restated a “buy” rating and issued a $89.00 price objective on shares of Leidos in a report on Tuesday, October 29th. Morgan Stanley increased their price objective on Leidos from $81.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. initiated coverage on Leidos in a report on Tuesday, September 24th. They issued a “neutral” rating and a $95.00 price objective on the stock. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $86.50.
Shares of LDOS traded up $0.36 during trading hours on Friday, reaching $91.39. The company’s stock had a trading volume of 838,468 shares, compared to its average volume of 1,241,897. The firm has a market cap of $12.80 billion, a price-to-earnings ratio of 20.87, a P/E/G ratio of 2.41 and a beta of 1.51. Leidos has a 1-year low of $50.33 and a 1-year high of $92.42. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.00. The company has a 50 day moving average of $84.35 and a two-hundred day moving average of $81.81.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be issued a $0.34 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.36 dividend on an annualized basis and a yield of 1.49%. Leidos’s dividend payout ratio is currently 31.05%.
In related news, Director Gary Stephen May sold 500 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $84.57, for a total value of $42,285.00. Following the transaction, the director now owns 9,166 shares in the company, valued at $775,168.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.17% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Welch & Forbes LLC bought a new stake in Leidos during the second quarter worth approximately $240,000. Allianz Asset Management GmbH boosted its position in Leidos by 15.3% during the second quarter. Allianz Asset Management GmbH now owns 258,419 shares of the aerospace company’s stock worth $20,634,000 after purchasing an additional 34,196 shares during the period. Ibex Investors LLC bought a new stake in Leidos during the second quarter worth approximately $224,000. Braun Stacey Associates Inc. boosted its position in Leidos by 4.7% during the second quarter. Braun Stacey Associates Inc. now owns 181,063 shares of the aerospace company’s stock worth $14,458,000 after purchasing an additional 8,183 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in Leidos by 5.0% during the second quarter. Commonwealth Equity Services LLC now owns 19,116 shares of the aerospace company’s stock worth $1,526,000 after purchasing an additional 908 shares during the period. 72.50% of the stock is owned by hedge funds and other institutional investors.
Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.
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