Zacks: Analysts Expect Leidos (LDOS) to Announce $1.03 Earnings Per Share

Equities analysts expect that Leidos (NYSE:LDOS) will report earnings of $1.03 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Leidos’ earnings. The lowest EPS estimate is $0.93 and the highest is $1.10. Leidos posted earnings per share of $0.88 during the same quarter last year, which would indicate a positive year over year growth rate of 17%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Thursday, May 3rd.

On average, analysts expect that Leidos will report full-year earnings of $4.41 per share for the current financial year, with EPS estimates ranging from $4.33 to $4.50. For the next financial year, analysts expect that the company will report earnings of $4.80 per share, with EPS estimates ranging from $4.60 to $5.05. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Leidos.

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Leidos (NYSE:LDOS) last announced its earnings results on Thursday, February 22nd. The aerospace company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.04. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. Leidos had a net margin of 3.60% and a return on equity of 17.47%. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 EPS.

A number of equities analysts recently weighed in on the stock. Credit Suisse Group reaffirmed an “outperform” rating and issued a $81.00 target price (up from $79.00) on shares of Leidos in a research note on Friday, February 23rd. Zacks Investment Research raised shares of Leidos from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research note on Wednesday, February 28th. ValuEngine raised shares of Leidos from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Jefferies Group upped their target price on shares of Leidos from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Citigroup upped their target price on shares of Leidos from $71.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Leidos has a consensus rating of “Buy” and an average target price of $72.33.

A hedge fund recently raised its stake in Leidos stock. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Leidos (NYSE:LDOS) by 89.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,566 shares of the aerospace company’s stock after buying an additional 7,352 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Leidos were worth $1,005,000 at the end of the most recent quarter. Institutional investors and hedge funds own 73.16% of the company’s stock.

NYSE LDOS traded down $0.65 on Friday, reaching $66.13. The company had a trading volume of 590,423 shares, compared to its average volume of 941,958. The firm has a market cap of $10,176.56, a PE ratio of 17.78, a PEG ratio of 1.61 and a beta of 1.61. 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 has a 1-year low of $50.94 and a 1-year high of $70.11.

Leidos declared that its board has approved a share buyback program on Thursday, February 22nd that allows the company to buyback 20,000,000 shares. This buyback authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were paid a dividend of $0.32 per share. The ex-dividend date was Wednesday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.94%. Leidos’s dividend payout ratio is 34.41%.

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About Leidos

Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets primarily in the United States. The company operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

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