Leidos (NYSE:LDOS) Updates FY21 Earnings Guidance


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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.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Monday, June 14th. Leidos’s dividend payout ratio (DPR) is 26.31%.

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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Earnings History and Estimates for Leidos (NYSE:LDOS)

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