Leidos (NYSE:LDOS) declared that its board has initiated a share buyback plan, which allows the company to buyback 20,000,000 shares on Thursday, February 22nd, EventVestor reports. This buyback authorization allows the aerospace company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
Shares of Leidos (NYSE LDOS) traded down $0.34 during mid-day trading on Thursday, hitting $64.87. The company’s stock had a trading volume of 409,987 shares, compared to its average volume of 847,454. Leidos has a twelve month low of $49.84 and a twelve month high of $68.25. The stock has a market cap of $10,019.44, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.66 and a beta of 1.72. 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 (NYSE:LDOS) last issued its earnings results on Thursday, February 22nd. The aerospace company reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.02. Leidos had a return on equity of 17.20% and a net margin of 3.04%. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the prior year, the business earned $0.75 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. analysts forecast that Leidos will post 3.7 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Wednesday, March 14th. Leidos’s dividend payout ratio (DPR) is currently 63.05%.
A number of equities analysts recently issued reports on the company. ValuEngine upgraded Leidos from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Cowen reiterated a “buy” rating and issued a $68.00 target price on shares of Leidos in a report on Thursday, November 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $68.00 target price on shares of Leidos in a report on Tuesday, November 21st. Zacks Investment Research cut Leidos from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, Wells Fargo & Co upgraded Leidos from a “market perform” rating to an “outperform” rating and set a $69.00 target price for the company in a report on Wednesday, October 25th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $69.33.
In related news, Director John P. Jumper sold 61,212 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $64.06, for a total transaction of $3,921,240.72. Following the completion of the sale, the director now directly owns 306,709 shares in the company, valued at approximately $19,647,778.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.70% of the company’s stock.
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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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