Leonardo DRS (DRS) to Release Quarterly Earnings on Wednesday

Leonardo DRS (NASDAQ:DRS) is scheduled to announce its earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Leonardo DRS has set its FY 2024 guidance at 0.820-0.880 EPS and its FY24 guidance at $0.82-0.88 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04. The business had revenue of $753.00 million during the quarter, compared to analyst estimates of $680.38 million. Leonardo DRS had a return on equity of 9.48% and a net margin of 6.12%. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period last year, the company earned $0.15 EPS. On average, analysts expect Leonardo DRS to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Leonardo DRS Stock Performance

NASDAQ DRS opened at $28.47 on Wednesday. The business’s 50 day moving average price is $28.27 and its 200-day moving average price is $25.84. Leonardo DRS has a fifty-two week low of $17.97 and a fifty-two week high of $30.98. The company has a market cap of $7.51 billion, a P/E ratio of 40.10, a P/E/G ratio of 1.86 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.60 and a current ratio of 2.01.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. BTIG Research boosted their target price on shares of Leonardo DRS from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Truist Financial upped their target price on Leonardo DRS from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Bank of America lowered Leonardo DRS from a “buy” rating to a “neutral” rating and raised their price target for the company from $26.00 to $30.00 in a research note on Tuesday, September 24th. Finally, Robert W. Baird increased their target price on shares of Leonardo DRS from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.17.

Leonardo DRS Company Profile

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.