Leonardo DRS, Inc. (NASDAQ:DRS) Declares Quarterly Dividend of $0.09

Leonardo DRS, Inc. (NASDAQ:DRS) declared a quarterly dividend on Tuesday, February 24th. Investors of record on Tuesday, March 10th will be paid a dividend of 0.09 per share on Tuesday, March 24th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, March 10th.

Leonardo DRS has a payout ratio of 28.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Leonardo DRS to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 30.0%.

Leonardo DRS Stock Down 1.2%

Leonardo DRS stock traded down $0.51 during mid-day trading on Wednesday, reaching $43.31. 303,727 shares of the company were exchanged, compared to its average volume of 1,240,827. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.63 and a current ratio of 2.00. The firm has a market cap of $11.52 billion, a P/E ratio of 43.46, a PEG ratio of 1.90 and a beta of 0.45. The business has a fifty day moving average of $38.57 and a 200 day moving average of $38.98. Leonardo DRS has a 12-month low of $28.17 and a 12-month high of $49.31.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.37 by $0.05. Leonardo DRS had a return on equity of 11.37% and a net margin of 7.43%.The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $994.79 million. During the same period in the previous year, the company posted $0.38 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. Research analysts anticipate that Leonardo DRS will post 1.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DRS. Wall Street Zen raised shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Leonardo DRS in a report on Monday, December 29th. Truist Financial set a $54.00 price target on Leonardo DRS in a research report on Friday, January 9th. Canaccord Genuity Group reissued a “buy” rating and issued a $50.00 price objective on shares of Leonardo DRS in a research report on Thursday, October 30th. Finally, Morgan Stanley set a $40.00 target price on Leonardo DRS in a research report on Tuesday, December 16th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.14.

Leonardo DRS Company Profile

Leonardo DRS is a U.S.-based defense technology company and wholly owned subsidiary of Italy’s Leonardo S.p.A. The firm specializes in developing and integrating mission-critical systems for military and government customers, with a primary focus on command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR). Its core offerings encompass advanced sensors, targeting systems, radars and electronic warfare solutions designed to enhance situational awareness and operational effectiveness across land, sea and air domains.

The company’s portfolio includes naval combat management systems, unmanned vehicle sensors, power generation and distribution equipment, and training and simulation solutions.