Equities analysts expect that Leidos Holdings, Inc. (NYSE:LDOS) will post earnings of $1.03 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Leidos’ earnings, with the lowest EPS estimate coming in at $0.93 and the highest estimate coming in at $1.10. Leidos reported earnings of $0.88 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 17%. The firm is expected to report its next earnings results on Thursday, May 3rd.
On average, analysts expect that Leidos will report full year earnings of $4.41 per share for the current fiscal year, with EPS estimates ranging from $4.33 to $4.50. For the next financial year, analysts expect that the company will post earnings of $4.80 per share, with EPS estimates ranging from $4.60 to $5.05. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Leidos.
Leidos (NYSE:LDOS) last announced its quarterly earnings results on Thursday, February 22nd. The aerospace company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. Leidos had a net margin of 3.60% and a return on equity of 17.47%. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the firm posted $0.75 EPS. The firm’s quarterly revenue was down 2.3% on a year-over-year basis.
Several equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Leidos from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine raised shares of Leidos from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Credit Suisse Group reissued an “outperform” rating and set a $81.00 price target (up from $79.00) on shares of Leidos in a report on Friday, February 23rd. Citigroup lifted their price target on shares of Leidos from $71.00 to $75.00 and gave the company a “buy” rating in a report on Monday, February 26th. Finally, Jefferies Group lifted their price target on shares of Leidos from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $71.80.
A hedge fund recently raised its stake in Leidos stock. Cambridge Investment Research Advisors Inc. grew its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 89.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,566 shares of the aerospace company’s stock after acquiring an additional 7,352 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Leidos were worth $1,005,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 73.08% of the company’s stock.
Leidos (NYSE LDOS) opened at $69.34 on Friday. Leidos has a 1-year low of $49.84 and a 1-year high of $69.96. The stock has a market cap of $10,514.31, a PE ratio of 29.13, a P/E/G ratio of 1.66 and a beta of 1.71. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.90.
Leidos declared that its Board of Directors has authorized a share buyback program on Thursday, February 22nd that authorizes the company to repurchase 20,000,000 shares. This repurchase authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Wednesday, March 14th. Leidos’s dividend payout ratio is presently 53.78%.
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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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