Leonardo DRS (DRS) Set to Announce Quarterly Earnings on Thursday

Leonardo DRS (NASDAQ:DRS) is expected to announce its Q3 2026 results before the market opens on Thursday, October 29th. Analysts expect the company to post earnings of $0.3538 per share and revenue of $1.03 billion for the quarter. Investors may visit the company’s upcoming Q3 2026 earnings report for the latest details on the call scheduled for Thursday, October 29, 2026 at 10:00 AM ET.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings data on Friday, July 31st. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. Leonardo DRS had a return on equity of 12.97% and a net margin of 8.52%. The business had revenue of $913.00 million during the quarter, compared to the consensus estimate of $903.27 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. On average, analysts expect Leonardo DRS to post $1.39 EPS for the current fiscal year and $1.46 EPS for the next fiscal year.

Leonardo DRS Trading Up 3.9%

NASDAQ:DRS opened at $35.84 on Tuesday. The company has a current ratio of 1.92, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05. Leonardo DRS has a 1-year low of $32.43 and a 1-year high of $50.59. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 2.08 and a beta of 0.32. The business’s 50-day moving average price is $37.38 and its two-hundred day moving average price is $42.23.

Leonardo DRS Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a $0.09 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.0%. Leonardo DRS’s dividend payout ratio is 30.25%.

Insider Activity at Leonardo DRS

In other news, CFO Michael Dippold sold 20,317 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $37.18, for a total value of $755,386.06. Following the completion of the transaction, the chief financial officer owned 35,143 shares in the company, valued at $1,306,616.74. This represents a 36.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Rinsky sold 3,864 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $45.81, for a total transaction of $177,009.84. Following the sale, the executive vice president directly owned 23,581 shares of the company’s stock, valued at $1,080,245.61. This represents a 14.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

DRS has been the topic of several recent analyst reports. Morgan Stanley reduced their price objective on shares of Leonardo DRS from $47.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. Weiss Ratings downgraded shares of Leonardo DRS from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Guggenheim began coverage on shares of Leonardo DRS in a report on Monday, September 14th. They issued a “buy” rating and a $51.00 target price on the stock. Oppenheimer assumed coverage on shares of Leonardo DRS in a research report on Thursday. They set an “outperform” rating and a $45.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Leonardo DRS from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.57.

About Leonardo DRS

Leonardo DRS, Inc is a defense technology company that develops and supplies advanced products and systems for the U.S. military and government customers, as well as allied nations. The company operates as a subsidiary of Leonardo S.p.A. and focuses on technologies used in land, sea, air and space-related defense applications.

Its offerings include sensing and surveillance systems, electro-optical and infrared technologies, radar and electronic warfare products, network computing and communications systems, counter-uncrewed aircraft systems, force protection equipment, and naval power and propulsion systems.