Equities analysts expect Leidos Holdings Inc (NYSE:LDOS) to announce $2.67 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Leidos’ earnings, with the lowest sales estimate coming in at $2.65 billion and the highest estimate coming in at $2.70 billion. Leidos posted sales of $2.52 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 6%. The business is expected to issue its next earnings report before the market opens on Tuesday, February 19th.

On average, analysts expect that Leidos will report full year sales of $10.21 billion for the current financial year, with estimates ranging from $10.19 billion to $10.25 billion. For the next fiscal year, analysts forecast that the company will post sales of $10.63 billion, with estimates ranging from $10.55 billion to $10.81 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Leidos.

Leidos (NYSE:LDOS) last released its earnings results on Thursday, October 25th. The aerospace company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.10 by $0.04. Leidos had a return on equity of 18.67% and a net margin of 5.04%. The business had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.64 billion.

LDOS has been the topic of several analyst reports. Zacks Investment Research cut Leidos from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. ValuEngine lowered Leidos from a “hold” rating to a “sell” rating in a report on Wednesday, January 9th. Argus dropped their price target on Leidos from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Finally, Cowen reiterated a “buy” rating and set a $77.00 price target on shares of Leidos in a report on Wednesday, October 17th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $77.29.

NYSE LDOS opened at $56.15 on Thursday. Leidos has a one year low of $50.33 and a one year high of $72.30. The company has a market cap of $8.52 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 1.27 and a beta of 1.65. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.86.

The company also recently announced a quarterly dividend, which was paid on Friday, December 28th. Shareholders of record on Monday, December 17th were paid a $0.32 dividend. The ex-dividend date was Friday, December 14th. This represents a $1.28 annualized dividend and a dividend yield of 2.28%. Leidos’s payout ratio is presently 34.41%.

Several institutional investors and hedge funds have recently modified their holdings of LDOS. IFP Advisors Inc grew its position in shares of Leidos by 99.7% in the third quarter. IFP Advisors Inc now owns 21,794 shares of the aerospace company’s stock valued at $1,507,000 after purchasing an additional 10,882 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Leidos by 3.0% in the third quarter. Bank of New York Mellon Corp now owns 1,909,833 shares of the aerospace company’s stock valued at $132,084,000 after purchasing an additional 56,294 shares in the last quarter. Howard Capital Management grew its position in shares of Leidos by 0.9% in the third quarter. Howard Capital Management now owns 151,322 shares of the aerospace company’s stock valued at $10,465,000 after purchasing an additional 1,320 shares in the last quarter. Pure Financial Advisors Inc. grew its position in shares of Leidos by 19.4% in the third quarter. Pure Financial Advisors Inc. now owns 9,009 shares of the aerospace company’s stock valued at $623,000 after purchasing an additional 1,466 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its position in shares of Leidos by 1.4% in the third quarter. Great West Life Assurance Co. Can now owns 115,630 shares of the aerospace company’s stock valued at $8,001,000 after purchasing an additional 1,614 shares in the last quarter. Hedge funds and other institutional investors own 72.38% of the company’s stock.

Leidos Company Profile

Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets primarily in the United States. The company 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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