FY2024 Earnings Estimate for Leidos Issued By Zacks Research

Leidos Holdings, Inc. (NYSE:LDOS) – Research analysts at Zacks Research lifted their FY2024 earnings per share estimates for shares of Leidos in a report issued on Tuesday, November 19th. Zacks Research analyst A. Dutta now forecasts that the aerospace company will earn $9.86 per share for the year, up from their previous estimate of $8.86. The consensus estimate for Leidos’ current full-year earnings is $10.04 per share. Zacks Research also issued estimates for Leidos’ Q1 2026 earnings at $2.28 EPS, Q3 2026 earnings at $2.59 EPS and FY2026 earnings at $10.20 EPS.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period in the prior year, the company posted $2.03 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year.

A number of other research firms have also issued reports on LDOS. Bank of America raised their price target on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group raised their price target on shares of Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price objective on shares of Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada upped their price target on Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Finally, Citigroup increased their price target on Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Leidos presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.69.

Leidos Stock Up 0.5 %

Leidos stock opened at $165.51 on Friday. The business’s 50-day simple moving average is $170.36 and its two-hundred day simple moving average is $156.24. The company has a market cap of $22.08 billion, a PE ratio of 18.85, a PEG ratio of 1.11 and a beta of 0.68. Leidos has a fifty-two week low of $105.52 and a fifty-two week high of $202.90. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23.

Hedge Funds Weigh In On Leidos

A number of institutional investors have recently bought and sold shares of the company. Rakuten Securities Inc. lifted its position in Leidos by 1,460.0% in the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after buying an additional 146 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Leidos in the third quarter valued at approximately $29,000. Northwest Investment Counselors LLC acquired a new position in Leidos during the third quarter worth $30,000. 1832 Asset Management L.P. purchased a new position in shares of Leidos during the second quarter worth $34,000. Finally, Blue Trust Inc. grew its stake in shares of Leidos by 251.3% in the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after buying an additional 201 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Noel B. Geer bought 2,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was acquired at an average cost of $161.13 per share, with a total value of $322,260.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $322,260. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $184.94, for a total transaction of $193,632.18. Following the transaction, the director now directly owns 6,408 shares in the company, valued at approximately $1,185,095.52. The trade was a 14.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Leidos Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. This is a positive change from Leidos’s previous quarterly dividend of $0.38. Leidos’s dividend payout ratio (DPR) is presently 17.31%.

About Leidos

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.