Analysts forecast that Leidos Holdings Inc (NYSE:LDOS) will post $1.05 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Leidos’ earnings, with the lowest EPS estimate coming in at $1.00 and the highest estimate coming in at $1.10. Leidos posted earnings per share of $1.04 during the same quarter last year, which indicates a positive year over year growth rate of 1%. The firm is expected to report its next earnings results before the market opens on Thursday, July 26th.
According to Zacks, analysts expect that Leidos will report full-year earnings of $4.37 per share for the current year, with EPS estimates ranging from $4.30 to $4.50. For the next fiscal year, analysts forecast that the firm will post earnings of $4.78 per share, with EPS estimates ranging from $4.60 to $5.05. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Leidos.
Leidos (NYSE:LDOS) last released its quarterly earnings data on Thursday, May 3rd. The aerospace company reported $1.03 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.03. Leidos had a net margin of 3.95% and a return on equity of 17.90%. The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year.
A number of research firms recently weighed in on LDOS. Zacks Investment Research raised shares of Leidos from a “sell” rating to a “hold” rating in a research note on Saturday, June 23rd. Goldman Sachs Group lowered shares of Leidos from a “buy” rating to a “neutral” rating in a research note on Monday, June 18th. Finally, ValuEngine downgraded shares of Leidos from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $73.89.
Several institutional investors and hedge funds have recently bought and sold shares of LDOS. Gables Capital Management Inc. acquired a new position in shares of Leidos during the first quarter valued at about $120,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of Leidos during the first quarter valued at about $181,000. Fisher Asset Management LLC acquired a new position in shares of Leidos during the first quarter valued at about $201,000. IBM Retirement Fund acquired a new position in shares of Leidos during the first quarter valued at about $206,000. Finally, Lido Advisors LLC acquired a new position in shares of Leidos during the first quarter valued at about $234,000. Hedge funds and other institutional investors own 73.05% of the company’s stock.
NYSE:LDOS traded up $0.10 during mid-day trading on Thursday, reaching $58.65. The company’s stock had a trading volume of 1,321,500 shares, compared to its average volume of 993,874. Leidos has a 1 year low of $50.94 and a 1 year high of $70.11. The firm has a market cap of $9.05 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.25 and a quick ratio of 1.01.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be issued a $0.32 dividend. The ex-dividend date is Thursday, June 14th. This represents a $1.28 dividend on an annualized basis and a yield of 2.18%. Leidos’s dividend payout ratio is presently 34.41%.
Leidos Company Profile
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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