Leidos (NYSE:LDOS) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Leidos (NYSE:LDOS) posted its quarterly earnings results on Tuesday. The aerospace company reported $1.63 EPS for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.02, MarketWatch Earnings reports. Leidos had a return on equity of 23.45% and a net margin of 5.10%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the previous year, the firm earned $1.51 earnings per share. Leidos’s revenue for the quarter was up 10.1% compared to the same quarter last year. Leidos updated its FY 2021
Pre-Market guidance to 6.15-6.45 EPS and its FY21 guidance to $6.15-6.45 EPS.

Shares of NYSE LDOS traded down $9.76 during midday trading on Tuesday, reaching $94.04. 51,532 shares of the company were exchanged, compared to its average volume of 755,758. The stock’s 50-day moving average price is $106.90 and its 200-day moving average price is $97.43. The stock has a market cap of $13.38 billion, a P/E ratio of 24.42, a PEG ratio of 1.52 and a beta of 1.05. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.11. Leidos has a one year low of $68.00 and a one year high of $115.36.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 31st. Investors of record on Monday, March 15th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.45%. The ex-dividend date is Friday, March 12th. Leidos’s payout ratio is 26.31%.

Separately, Credit Suisse Group raised their target price on shares of Leidos from $120.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 3rd. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Leidos currently has a consensus rating of “Buy” and a consensus price target of $116.75.

Leidos Company Profile

Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It 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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Earnings History for Leidos (NYSE:LDOS)

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