Equities analysts expect Leidos Holdings, Inc. (NYSE:LDOS) to post $2.50 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Leidos Holdings’ earnings. The lowest sales estimate is $2.45 billion and the highest is $2.55 billion. Leidos Holdings reported sales of $1.87 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 33.7%. The company is expected to announce its next quarterly earnings report on Thursday, November 2nd.
On average, analysts expect that Leidos Holdings will report full-year sales of $2.50 billion for the current financial year, with estimates ranging from $10.18 billion to $10.32 billion. For the next year, analysts forecast that the company will post sales of $10.58 billion per share, with estimates ranging from $10.57 billion to $10.60 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Leidos Holdings.
Leidos Holdings (NYSE:LDOS) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.27. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. The business’s quarterly revenue was up 99.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 EPS.
A number of brokerages recently weighed in on LDOS. Cowen and Company restated an “outperform” rating and set a $66.00 target price (up previously from $62.00) on shares of Leidos Holdings in a research report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) raised shares of Leidos Holdings from a “neutral” rating to a “buy” rating and raised their target price for the company from $61.00 to $68.00 in a research note on Thursday, August 10th. ValuEngine upgraded shares of Leidos Holdings from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. BidaskClub upgraded shares of Leidos Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $52.00 price target on shares of Leidos Holdings in a research note on Friday, August 18th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $61.78.
In other Leidos Holdings news, Director Gary Stephen May sold 800 shares of Leidos Holdings stock in a transaction on Monday, August 28th. The shares were sold at an average price of $55.75, for a total value of $44,600.00. Following the completion of the transaction, the director now directly owns 6,680 shares of the company’s stock, valued at approximately $372,410. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jerald S. Howe, Jr. acquired 2,000 shares of the company’s stock in a transaction on Monday, August 21st. The stock was acquired at an average cost of $55.32 per share, with a total value of $110,640.00. Following the completion of the purchase, the vice president now directly owns 2,000 shares in the company, valued at $110,640. The disclosure for this purchase can be found here. 1.70% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Cipher Capital LP grew its position in Leidos Holdings by 182.6% in the second quarter. Cipher Capital LP now owns 69,574 shares of the aerospace company’s stock worth $3,596,000 after acquiring an additional 44,952 shares in the last quarter. Reilly Financial Advisors LLC increased its stake in Leidos Holdings by 10.4% during the second quarter. Reilly Financial Advisors LLC now owns 21,175 shares of the aerospace company’s stock worth $1,095,000 after acquiring an additional 2,000 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Leidos Holdings by 249.3% during the second quarter. Canada Pension Plan Investment Board now owns 13,310 shares of the aerospace company’s stock worth $688,000 after acquiring an additional 9,500 shares during the last quarter. Pacer Advisors Inc. increased its stake in Leidos Holdings by 11.5% during the second quarter. Pacer Advisors Inc. now owns 23,749 shares of the aerospace company’s stock worth $1,228,000 after acquiring an additional 2,444 shares during the last quarter. Finally, Weiss Multi Strategy Advisers LLC bought a new stake in Leidos Holdings during the first quarter worth approximately $6,956,000. Hedge funds and other institutional investors own 74.54% of the company’s stock.
Leidos Holdings (NYSE:LDOS) traded up 0.47% during mid-day trading on Wednesday, hitting $60.20. 482,250 shares of the stock traded hands. Leidos Holdings has a 12 month low of $40.96 and a 12 month high of $60.72. The company’s 50 day moving average is $57.51 and its 200 day moving average is $54.40. The company has a market cap of $9.10 billion, a P/E ratio of 26.97 and a beta of 1.72.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Monday, September 18th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Friday, September 15th. Leidos Holdings’s dividend payout ratio (DPR) is presently 55.65%.
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Leidos Holdings Company Profile
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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