Zacks: Brokerages Expect Leidos Holdings, Inc. (LDOS) to Announce $0.83 EPS
Brokerages predict that Leidos Holdings, Inc. (NYSE:LDOS) will announce earnings of $0.83 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Leidos’ earnings, with the highest EPS estimate coming in at $0.88 and the lowest estimate coming in at $0.77. Leidos posted earnings per share of $0.75 in the same quarter last year, which suggests a positive year over year growth rate of 10.7%. The business is expected to announce its next quarterly earnings results on Thursday, February 22nd.
On average, analysts expect that Leidos will report full-year earnings of $3.70 per share for the current financial year, with EPS estimates ranging from $3.65 to $3.74. For the next fiscal year, analysts anticipate that the company will post earnings of $4.21 per share, with EPS estimates ranging from $3.66 to $4.85. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Leidos.
Leidos (NYSE:LDOS) last posted its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.14. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.55 billion. Leidos had a net margin of 3.04% and a return on equity of 17.20%. The business’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 EPS.
A number of analysts have issued reports on the stock. BidaskClub raised shares of Leidos from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Zacks Investment Research downgraded shares of Leidos from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Cowen reissued a “buy” rating and issued a $68.00 price objective on shares of Leidos in a report on Thursday, November 2nd. Jefferies Group reissued a “buy” rating and issued a $75.00 price objective on shares of Leidos in a report on Thursday, October 5th. Finally, TheStreet raised shares of Leidos from a “c+” rating to a “b+” rating in a report on Monday, October 2nd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $69.33.
Shares of Leidos (NYSE:LDOS) opened at $66.33 on Friday. 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 stock has a market cap of $10,120.00, a PE ratio of 35.47, a price-to-earnings-growth ratio of 1.66 and a beta of 1.66. Leidos has a twelve month low of $47.81 and a twelve month high of $67.68.
The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Friday, December 15th. Leidos’s dividend payout ratio (DPR) is presently 68.45%.
In other news, Director John P. Jumper sold 61,212 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $64.06, for a total transaction of $3,921,240.72. Following the completion of the sale, the director now owns 306,709 shares of the company’s stock, valued at approximately $19,647,778.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of 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 period. Vanguard Group Inc. lifted its holdings in shares of 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 period. FMR LLC lifted its holdings in shares of 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 period. State Street Corp lifted its holdings in shares of 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 period. Finally, FIL Ltd lifted its holdings in shares of 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 period. 73.48% of the stock is owned by institutional investors.
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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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