Leonardo DRS (DRS) Scheduled to Post Quarterly Earnings on Wednesday

Leonardo DRS (NASDAQ:DRS) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Leonardo DRS has set its FY24 guidance at $0.74-0.82 EPS and its FY 2024 guidance at 0.740-0.820 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The company had revenue of $926.00 million during the quarter, compared to the consensus estimate of $880.03 million. Leonardo DRS had a net margin of 5.94% and a return on equity of 8.72%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 EPS. On average, analysts expect Leonardo DRS to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Leonardo DRS Stock Up 1.7 %

DRS opened at $21.31 on Wednesday. The firm has a 50 day moving average price of $21.72 and a 200 day moving average price of $20.08. The company has a market cap of $5.60 billion, a PE ratio of 33.30, a price-to-earnings-growth ratio of 3.06 and a beta of 0.80. Leonardo DRS has a 1 year low of $14.12 and a 1 year high of $24.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.47 and a current ratio of 1.78.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Leonardo DRS from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, March 15th. Truist Financial increased their target price on shares of Leonardo DRS from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, Bank of America upped their price target on Leonardo DRS from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, March 15th.

About Leonardo DRS

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.