FY2018 EPS Estimates for Leidos Holdings, Inc. Decreased by Jefferies Group (LDOS)
Leidos Holdings, Inc. (NYSE:LDOS) – Research analysts at Jefferies Group cut their FY2018 earnings per share estimates for Leidos in a research report issued to clients and investors on Monday. Jefferies Group analyst S. Kahyaoglu now anticipates that the aerospace company will post earnings per share of $3.80 for the year, down from their previous forecast of $3.85. Jefferies Group currently has a “Buy” rating and a $75.00 target price on the stock.
Leidos (NYSE:LDOS) last announced its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.14. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.55 billion. Leidos had a return on equity of 17.20% and a net margin of 3.04%. The company’s revenue was up 34.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.25 earnings per share.
A number of other brokerages have also weighed in on LDOS. Zacks Investment Research lowered Leidos from a “buy” rating to a “hold” rating in a report on Tuesday. Cowen reissued a “buy” rating and issued a $72.00 price objective on shares of Leidos in a report on Tuesday, December 19th. Citigroup increased their price objective on Leidos from $65.00 to $71.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Stifel Nicolaus reissued a “hold” rating and issued a $68.00 price objective on shares of Leidos in a report on Tuesday, November 21st. Finally, TheStreet raised Leidos from a “c+” rating to a “b+” rating in a report on Monday, October 2nd. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $69.33.
Shares of Leidos (NYSE:LDOS) traded up $0.86 during mid-day trading on Tuesday, hitting $67.44. The stock had a trading volume of 769,550 shares, compared to its average volume of 793,464. The company has a quick ratio of 1.03, a current ratio of 1.27 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $10,070.00, a price-to-earnings ratio of 36.06, a PEG ratio of 1.70 and a beta of 1.66. Leidos has a fifty-two week low of $47.81 and a fifty-two week high of $67.46.
Several institutional investors and hedge funds have recently modified their holdings of LDOS. Schwab Charles Investment Management Inc. boosted its stake in shares of Leidos by 5.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 460,871 shares of the aerospace company’s stock worth $23,823,000 after buying an additional 22,717 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Leidos during the second quarter worth approximately $340,000. Westpac Banking Corp boosted its position in Leidos by 15.7% during the second quarter. Westpac Banking Corp now owns 12,508 shares of the aerospace company’s stock worth $647,000 after purchasing an additional 1,697 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Leidos by 263.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock worth $161,000 after purchasing an additional 2,254 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Leidos by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,940 shares of the aerospace company’s stock worth $1,082,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 73.48% of the company’s stock.
In other news, Director John P. Jumper sold 61,212 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $64.06, for a total value of $3,921,240.72. Following the sale, the director now owns 306,709 shares in the company, valued at $19,647,778.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is owned by corporate insiders.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were paid a $0.32 dividend. The ex-dividend date was Friday, December 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.90%. Leidos’s payout ratio is 68.45%.
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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