Leidos (LDOS) to Release Quarterly Earnings on Tuesday

Leidos (NYSE:LDOS) will be posting its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect Leidos to post earnings of $1.95 per share for the quarter. Leidos has set its FY 2024 guidance at 8.600-9.000 EPS and its FY24 guidance at $8.60-9.00 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.36. The firm had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.06 billion. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.80 EPS. On average, analysts expect Leidos to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Leidos Stock Performance

Leidos stock opened at $169.66 on Tuesday. Leidos has a fifty-two week low of $90.30 and a fifty-two week high of $170.15. The firm’s fifty day moving average price is $158.38 and its 200-day moving average price is $148.44. The stock has a market cap of $22.85 billion, a P/E ratio of 53.19, a price-to-earnings-growth ratio of 1.51 and a beta of 0.70. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.21.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.38 per share. The ex-dividend date was Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 0.90%. Leidos’s payout ratio is 47.65%.

Insider Buying and Selling

In other Leidos news, Director Gary Stephen May sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the transaction, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $145.23, for a total transaction of $153,798.57. Following the completion of the sale, the director now owns 7,455 shares of the company’s stock, valued at $1,082,689.65. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the transaction, the director now owns 11,264 shares in the company, valued at $1,622,241.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Analysts Set New Price Targets

LDOS has been the topic of several recent research reports. Bank of America increased their price objective on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Truist Financial increased their price target on shares of Leidos from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Citigroup boosted their price objective on shares of Leidos from $169.00 to $194.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. lifted their target price on shares of Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada boosted their price target on shares of Leidos from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $166.92.

About Leidos

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.