Leidos (LDOS) Set to Announce Quarterly Earnings on Tuesday

Leidos (NYSE:LDOS) is set to release its earnings data 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.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

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

Leidos Stock Up 0.1 %

Shares of Leidos stock opened at $169.66 on Tuesday. The firm has a market cap of $22.85 billion, a price-to-earnings ratio of 53.19, a PEG ratio of 1.51 and a beta of 0.70. The stock’s 50-day moving average is $158.38 and its 200 day moving average is $148.44. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11. Leidos has a one year low of $90.30 and a one year high of $170.15.

Leidos Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LDOS shares. Royal Bank of Canada raised their target price on Leidos from $140.00 to $145.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. Bank of America upped their target price on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. TD Cowen lifted their price target on shares of Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price objective on shares of Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, Stifel Nicolaus lifted their price objective on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a report on Monday, June 24th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Leidos has an average rating of “Moderate Buy” and a consensus price target of $166.92.

Insider Buying and Selling

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

Leidos Company Profile

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.