Brokerages expect Leidos Holdings, Inc. (NYSE:LDOS) to post $0.80 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Leidos Holdings’ earnings. The lowest EPS estimate is $0.71 and the highest is $0.85. Leidos Holdings posted earnings per share of $1.25 during the same quarter last year, which would suggest a negative year over year growth rate of 36%. The business is expected to announce its next quarterly earnings report before the market opens on Thursday, November 2nd.
According to Zacks, analysts expect that Leidos Holdings will report full-year earnings of $3.55 per share for the current year, with EPS estimates ranging from $3.48 to $3.60. For the next year, analysts forecast that the business will post earnings of $3.71 per share, with EPS estimates ranging from $3.62 to $3.85. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Leidos Holdings.
Leidos Holdings (NYSE:LDOS) last posted its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.27. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company’s revenue was up 99.6% on a year-over-year basis.
A number of research firms have issued reports on LDOS. Jefferies Group LLC reiterated a “buy” rating and set a $75.00 target price on shares of Leidos Holdings in a report on Thursday, October 5th. TheStreet lowered shares of Leidos Holdings from a “b-” rating to a “c+” rating in a report on Thursday, September 7th. Cowen and Company reiterated a “buy” rating and set a $68.00 target price on shares of Leidos Holdings in a report on Thursday, October 12th. BidaskClub upgraded shares of Leidos Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Finally, Argus increased their target price on shares of Leidos Holdings from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, August 31st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $64.56.
Leidos Holdings (LDOS) traded up 1.07% during mid-day trading on Friday, hitting $62.18. 939,069 shares of the stock traded hands. Leidos Holdings has a 12 month low of $40.96 and a 12 month high of $63.08. The stock has a 50-day moving average price of $59.54 and a 200-day moving average price of $55.26. The stock has a market cap of $9.40 billion, a P/E ratio of 27.86 and a beta of 1.72.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.06%. Leidos Holdings’s payout ratio is 55.65%.
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In other news, VP Jerald S. Howe, Jr. acquired 2,000 shares of Leidos Holdings stock in a transaction dated Monday, August 21st. The shares were acquired at an average cost of $55.32 per share, for a total transaction 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gary Stephen May sold 800 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were 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 disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in LDOS. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Leidos Holdings by 0.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock valued at $102,000 after purchasing an additional 18 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Leidos Holdings by 31.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,158 shares of the aerospace company’s stock valued at $111,000 after purchasing an additional 513 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Leidos Holdings by 2.0% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the aerospace company’s stock valued at $113,000 after purchasing an additional 44 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Leidos Holdings by 263.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock valued at $161,000 after purchasing an additional 2,254 shares in the last quarter. Finally, Hanseatic Management Services Inc. acquired a new stake in shares of Leidos Holdings in the 2nd quarter valued at $174,000. Institutional investors and hedge funds own 74.55% of the company’s stock.
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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