Leidos (NYSE:LDOS) issued an update on its FY21 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $6.35-$6.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.38. The company issued revenue guidance of $13.7-$14.1 billion, compared to the consensus revenue estimate of $13.87 billion.Leidos also updated its FY 2021 guidance to 6.350-6.650 EPS.
Shares of LDOS stock traded up $1.10 during mid-day trading on Tuesday, hitting $104.80. 1,198,027 shares of the company’s stock were exchanged, compared to its average volume of 937,750. Leidos has a fifty-two week low of $79.15 and a fifty-two week high of $113.75. The stock has a 50-day simple moving average of $98.73 and a two-hundred day simple moving average of $99.71. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.11. The stock has a market cap of $14.88 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 1.52 and a beta of 1.05.
Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, May 4th. The aerospace company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.25. Leidos had a return on equity of 23.45% and a net margin of 5.10%. The business had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter last year, the firm earned $1.19 earnings per share. The business’s revenue was up 14.9% on a year-over-year basis. As a group, analysts anticipate that Leidos will post 5.81 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on the company. Argus reduced their target price on Leidos from $110.00 to $100.00 and set a buy rating on the stock in a report on Monday, March 8th. Credit Suisse Group reduced their target price on Leidos from $137.00 to $118.00 and set an outperform rating on the stock in a report on Tuesday, March 2nd. The Goldman Sachs Group upgraded Leidos from a neutral rating to a buy rating and lifted their target price for the company from $111.00 to $116.00 in a report on Monday, April 5th. Bank of America lifted their target price on Leidos from $120.00 to $125.00 and gave the company a buy rating in a report on Tuesday, March 9th. Finally, Morgan Stanley reduced their target price on Leidos from $113.00 to $105.00 and set an equal weight rating on the stock in a report on Tuesday, March 16th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Leidos has a consensus rating of Buy and a consensus target price of $116.30.
Leidos Company Profile
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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