Wall Street brokerages expect Leidos Holdings, Inc. (NYSE:LDOS) to report $2.59 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Leidos’ earnings, with the highest sales estimate coming in at $2.65 billion and the lowest estimate coming in at $2.53 billion. Leidos posted sales of $2.58 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.4%. The company is scheduled to issue its next earnings results on Thursday, February 22nd.
On average, analysts expect that Leidos will report full-year sales of $2.59 billion for the current fiscal year, with estimates ranging from $10.18 billion to $10.30 billion. For the next financial year, analysts anticipate that the firm will report sales of $10.58 billion per share, with estimates ranging from $10.47 billion to $10.68 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Leidos.
Leidos (NYSE:LDOS) last issued its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.14. Leidos had a net margin of 3.04% and a return on equity of 17.20%. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the prior year, the firm posted $1.25 earnings per share. The business’s quarterly revenue was up 34.0% compared to the same quarter last year.
A number of equities research analysts recently weighed in on the stock. Citigroup upped their target price on shares of Leidos from $65.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Cowen restated a “buy” rating and issued a $66.00 target price on shares of Leidos in a report on Tuesday, September 19th. TheStreet upgraded shares of Leidos from a “c+” rating to a “b+” rating in a report on Monday, October 2nd. BidaskClub lowered shares of Leidos from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Wells Fargo & Co upgraded shares of Leidos from a “market perform” rating to an “outperform” rating and set a $69.00 target price on the stock in a report on Wednesday, October 25th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $69.33.
In other Leidos news, Director John P. Jumper sold 61,212 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $64.06, for a total value of $3,921,240.72. Following the completion of the sale, the director now owns 306,709 shares in the company, valued at approximately $19,647,778.54. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.70% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in LDOS. FMR LLC grew its position 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 valued at $386,874,000 after acquiring an additional 2,758,658 shares during the period. BlackRock Inc. grew its position 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 valued at $653,894,000 after acquiring an additional 1,280,482 shares during the period. Eaton Vance Management grew its position in shares of Leidos by 9,004.1% during the 2nd quarter. Eaton Vance Management now owns 1,144,569 shares of the aerospace company’s stock valued at $59,163,000 after acquiring an additional 1,131,997 shares during the period. State Street Corp grew its position 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 valued at $235,717,000 after acquiring an additional 776,462 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Leidos by 12.9% during the 2nd quarter. Wells Fargo & Company MN now owns 3,501,353 shares of the aerospace company’s stock valued at $180,985,000 after acquiring an additional 399,849 shares during the period. 73.48% of the stock is owned by hedge funds and other institutional investors.
Shares of Leidos (NYSE LDOS) traded down $0.08 during midday trading on Thursday, hitting $63.92. 839,300 shares of the stock traded hands, compared to its average volume of 708,700. The company has a quick ratio of 1.03, a current ratio of 1.27 and a debt-to-equity ratio of 0.92. Leidos has a 52-week low of $47.81 and a 52-week high of $65.70. The firm has a market capitalization of $9,670.00, a price-to-earnings ratio of 34.18, a P/E/G ratio of 1.68 and a beta of 1.66.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $1.28 annualized dividend and a yield of 2.00%. Leidos’s dividend payout ratio (DPR) is 68.45%.
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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