Jefferies Group Comments on Leidos Holdings, Inc.’s FY2019 Earnings (LDOS)
Leidos Holdings, Inc. (NYSE:LDOS) – Jefferies Group lowered their FY2019 earnings per share (EPS) estimates for Leidos in a research note issued on Monday. Jefferies Group analyst S. Kahyaoglu now anticipates that the aerospace company will earn $4.15 per share for the year, down from their prior forecast of $4.30. Jefferies Group has a “Buy” rating and a $75.00 price objective on the stock.
Several other equities analysts have also commented on the company. Cowen reiterated a “buy” rating and set a $68.00 price objective on shares of Leidos in a research report on Thursday, November 2nd. Wells Fargo & Co upgraded Leidos from a “market perform” rating to an “outperform” rating and set a $69.00 price objective on the stock in a research report on Wednesday, October 25th. Zacks Investment Research upgraded Leidos from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Friday, November 3rd. BidaskClub lowered Leidos from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $68.00 price objective on shares of Leidos in a research report on Tuesday, November 21st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $69.33.
Leidos (NYSE LDOS) traded down $0.41 during trading hours on Wednesday, hitting $67.03. The company’s stock had a trading volume of 669,400 shares, compared to its average volume of 805,949. Leidos has a 1 year low of $47.81 and a 1 year high of $67.51. The stock has a market cap of $10,200.00, a PE ratio of 35.84, a P/E/G ratio of 1.70 and a beta of 1.66. The company has a current ratio of 1.27, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92.
Leidos (NYSE:LDOS) last released its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.14. Leidos had a return on equity of 17.20% and a net margin of 3.04%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the firm posted $1.25 EPS. The company’s revenue was up 34.0% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Leidos by 11.3% during the 2nd quarter. BlackRock Inc. now owns 12,650,322 shares of the aerospace company’s stock worth $653,894,000 after acquiring an additional 1,280,482 shares during the last quarter. Vanguard Group Inc. grew its position in Leidos by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 12,638,104 shares of the aerospace company’s stock worth $653,263,000 after acquiring an additional 250,211 shares during the last quarter. FMR LLC grew its position in Leidos by 58.4% during the 2nd quarter. FMR LLC now owns 7,484,518 shares of the aerospace company’s stock worth $386,874,000 after acquiring an additional 2,758,658 shares during the last quarter. State Street Corp grew its position in Leidos by 20.5% during the 2nd quarter. State Street Corp now owns 4,560,128 shares of the aerospace company’s stock worth $235,717,000 after acquiring an additional 776,462 shares during the last quarter. Finally, FIL Ltd grew its position in Leidos by 2.0% during the 2nd quarter. FIL Ltd now owns 4,169,918 shares of the aerospace company’s stock worth $215,543,000 after acquiring an additional 83,105 shares during the last quarter. Institutional investors and hedge funds own 73.48% of the company’s stock.
In related news, Director John P. Jumper sold 61,212 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $64.06, for a total transaction of $3,921,240.72. Following the transaction, the director now directly owns 306,709 shares in the company, valued at approximately $19,647,778.54. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.70% of the stock is owned by company insiders.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $1.28 annualized dividend and a yield of 1.91%. Leidos’s payout ratio is 68.45%.
Leidos Company Profile
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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