Brokerages Anticipate Leidos Holdings, Inc. (LDOS) to Post $0.81 EPS
Wall Street brokerages expect Leidos Holdings, Inc. (NYSE:LDOS) to report $0.81 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Leidos Holdings’ earnings. The highest EPS estimate is $0.85 and the lowest is $0.77. Leidos Holdings posted earnings of $0.75 per share during the same quarter last year, which suggests a positive year over year growth rate of 8%. The firm is expected to report its next quarterly earnings results on Thursday, February 22nd.
On average, analysts expect that Leidos Holdings will report full-year earnings of $3.68 per share for the current fiscal year, with EPS estimates ranging from $3.65 to $3.72. For the next fiscal year, analysts expect that the company will post earnings of $3.77 per share, with EPS estimates ranging from $3.66 to $3.85. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Leidos Holdings.
Leidos Holdings (NYSE:LDOS) last posted its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.14. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.55 billion. Leidos Holdings had a return on equity of 17.20% and a net margin of 3.04%. Leidos Holdings’s quarterly revenue was up 34.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.25 earnings per share.
A number of research firms recently weighed in on LDOS. Cowen and Company restated a “buy” rating on shares of Leidos Holdings in a report on Thursday, August 3rd. Jefferies Group LLC reiterated a “hold” rating and set a $52.00 price target on shares of Leidos Holdings in a report on Friday, August 18th. ValuEngine upgraded Leidos Holdings from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Goldman Sachs Group, Inc. (The) upgraded Leidos Holdings from a “neutral” rating to a “buy” rating and increased their price target for the stock from $61.00 to $68.00 in a report on Thursday, August 10th. Finally, Citigroup Inc. increased their price target on Leidos Holdings from $65.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $66.18.
Leidos Holdings (NYSE LDOS) traded down $0.24 during midday trading on Thursday, reaching $61.63. The company had a trading volume of 555,700 shares, compared to its average volume of 943,392. The firm has a market capitalization of $9,359.85, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 1.68 and a beta of 1.69. Leidos Holdings has a 1-year low of $46.58 and a 1-year high of $64.20. The company has a quick ratio of 1.03, a current ratio of 1.27 and a debt-to-equity ratio of 0.92.
In related news, Director Gary Stephen May sold 800 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $55.75, for a total value of $44,600.00. Following the transaction, the director now owns 6,680 shares of the company’s stock, valued at approximately $372,410. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Jerald S. Howe, Jr. purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was acquired at an average cost of $55.32 per share, for a total transaction of $110,640.00. Following the transaction, the vice president now owns 2,000 shares in the company, valued at approximately $110,640. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its position in shares of Leidos Holdings by 0.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock worth $102,000 after buying an additional 18 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Leidos Holdings by 31.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,158 shares of the aerospace company’s stock worth $111,000 after buying an additional 513 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of Leidos Holdings by 2.0% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the aerospace company’s stock worth $113,000 after buying an additional 44 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Leidos Holdings by 263.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock worth $161,000 after buying an additional 2,254 shares in the last quarter. Finally, Hanseatic Management Services Inc. bought a new position in shares of Leidos Holdings during the 2nd quarter worth approximately $174,000. 73.10% of the stock is currently owned by hedge funds and other institutional investors.
About Leidos Holdings
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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