Leidos Holdings, Inc. (LDOS) Receives Consensus Rating of “Buy” from Analysts
Leidos Holdings, Inc. (NYSE:LDOS) has been given an average recommendation of “Buy” by the twelve analysts that are covering the firm, MarketBeat.com reports. Ten analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have covered the stock in the last year is $64.56.
LDOS has been the topic of several research analyst reports. TheStreet cut Leidos Holdings from a “b-” rating to a “c+” rating in a research note on Thursday, September 7th. Argus increased their price objective on Leidos Holdings from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, August 31st. BidaskClub raised Leidos Holdings from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Cowen and Company restated a “buy” rating and set a $66.00 target price on shares of Leidos Holdings in a report on Tuesday, September 19th. Finally, Zacks Investment Research upgraded Leidos Holdings from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a report on Saturday, August 5th.
Leidos Holdings (NYSE LDOS) opened at 62.76 on Friday. The stock has a market cap of $9.49 billion, a PE ratio of 28.12 and a beta of 1.72. Leidos Holdings has a 52 week low of $40.96 and a 52 week high of $63.08. The firm’s 50-day moving average price is $58.92 and its 200-day moving average price is $54.92.
Leidos Holdings (NYSE:LDOS) last announced its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.27. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the prior year, the firm earned $0.68 earnings per share. Leidos Holdings’s revenue was up 99.6% compared to the same quarter last year. Equities analysts predict that Leidos Holdings will post $3.56 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Monday, September 18th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.04%. Leidos Holdings’s dividend payout ratio is currently 55.65%.
In other Leidos Holdings news, Director Gary Stephen May sold 800 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $55.75, for a total transaction of $44,600.00. Following the completion of the sale, the director now owns 6,680 shares in the company, valued at $372,410. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Jerald S. Howe, Jr. bought 2,000 shares of the stock in a transaction on Monday, August 21st. The shares were bought at an average price of $55.32 per share, with a total value of $110,640.00. Following the acquisition, the vice president now owns 2,000 shares of the company’s stock, valued at $110,640. The disclosure for this purchase can be found here. 1.70% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Leidos Holdings by 73.3% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 21,586 shares of the aerospace company’s stock valued at $1,116,000 after purchasing an additional 9,129 shares during the last quarter. Bangor Savings Bank purchased a new stake in shares of Leidos Holdings during the 2nd quarter valued at $1,251,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Leidos Holdings by 9.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 58,572 shares of the aerospace company’s stock valued at $3,028,000 after purchasing an additional 4,990 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Leidos Holdings by 2.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 42,937 shares of the aerospace company’s stock valued at $2,219,000 after purchasing an additional 831 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Leidos Holdings by 1.5% during the 2nd quarter. California State Teachers Retirement System now owns 270,249 shares of the aerospace company’s stock valued at $13,969,000 after purchasing an additional 4,052 shares during the last quarter. Institutional investors own 74.54% of the company’s stock.
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Leidos Holdings 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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