Leidos Holdings, Inc. Expected to Post FY2024 Earnings of $8.69 Per Share (NYSE:LDOS)

Leidos Holdings, Inc. (NYSE:LDOS) – Equities research analysts at William Blair increased their FY2024 EPS estimates for shares of Leidos in a research note issued on Tuesday, April 30th. William Blair analyst L. Dipalma now forecasts that the aerospace company will post earnings per share of $8.69 for the year, up from their prior forecast of $7.84. The consensus estimate for Leidos’ current full-year earnings is $8.25 per share. William Blair also issued estimates for Leidos’ FY2025 earnings at $9.56 EPS.

LDOS has been the subject of several other reports. Argus raised their target price on shares of Leidos from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Bank of America increased their price target on shares of Leidos from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Wells Fargo & Company raised their price target on shares of Leidos from $137.00 to $147.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. TheStreet upgraded shares of Leidos from a “c” rating to a “b” rating in a report on Tuesday, February 13th. Finally, Truist Financial restated a “buy” rating and set a $165.00 price target (up from $150.00) on shares of Leidos in a report on Wednesday. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Leidos has an average rating of “Moderate Buy” and a consensus price target of $141.17.

Leidos Stock Performance

Shares of LDOS opened at $141.65 on Thursday. Leidos has a one year low of $76.58 and a one year high of $143.35. The company has a 50-day moving average of $128.80 and a two-hundred day moving average of $114.92. The stock has a market cap of $19.15 billion, a price-to-earnings ratio of 61.06, a PEG ratio of 1.85 and a beta of 0.66. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.35 and a quick ratio of 1.24.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.59. Leidos had a net margin of 2.04% and a return on equity of 25.66%. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter last year, the company earned $1.47 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year.

Institutional Trading of Leidos

A number of institutional investors and hedge funds have recently modified their holdings of the company. Czech National Bank lifted its stake in shares of Leidos by 0.5% in the first quarter. Czech National Bank now owns 24,194 shares of the aerospace company’s stock worth $3,172,000 after buying an additional 111 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Leidos by 0.4% in the fourth quarter. Assetmark Inc. now owns 31,662 shares of the aerospace company’s stock worth $3,427,000 after buying an additional 120 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Leidos by 1.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,858 shares of the aerospace company’s stock worth $1,001,000 after acquiring an additional 122 shares during the period. Spire Wealth Management increased its position in Leidos by 2.2% during the fourth quarter. Spire Wealth Management now owns 5,756 shares of the aerospace company’s stock worth $632,000 after acquiring an additional 125 shares during the period. Finally, CIBC Private Wealth Group LLC increased its position in Leidos by 2.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 5,378 shares of the aerospace company’s stock worth $582,000 after acquiring an additional 134 shares during the period. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Leidos

In other Leidos news, Director David G. Fubini sold 7,874 shares of Leidos stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total value of $1,007,005.86. Following the completion of the sale, the director now directly owns 14,696 shares in the company, valued at $1,879,471.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Gary Stephen May sold 2,745 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total value of $341,725.05. Following the completion of the sale, the director now directly owns 11,352 shares in the company, valued at $1,413,210.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David G. Fubini sold 7,874 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the completion of the sale, the director now owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Friday, June 14th. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

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.