$1.60 EPS Expected for Leidos Holdings, Inc. (NYSE:LDOS) This Quarter

Brokerages expect that Leidos Holdings, Inc. (NYSE:LDOS) will announce earnings of $1.60 per share for the current quarter, Zacks reports. Four analysts have made estimates for Leidos’ earnings, with the lowest EPS estimate coming in at $1.51 and the highest estimate coming in at $1.65. Leidos posted earnings of $1.47 per share in the same quarter last year, which suggests a positive year over year growth rate of 8.8%. The business is scheduled to report its next quarterly earnings results on Monday, November 1st.

According to Zacks, analysts expect that Leidos will report full-year earnings of $6.48 per share for the current fiscal year, with EPS estimates ranging from $6.38 to $6.60. For the next fiscal year, analysts forecast that the business will report earnings of $7.11 per share, with EPS estimates ranging from $6.85 to $7.40. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Leidos.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, August 3rd. The aerospace company reported $1.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.58 by ($0.06). The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.38 billion. Leidos had a net margin of 5.54% and a return on equity of 23.24%. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.55 EPS.

Several analysts have recently commented on LDOS shares. Morgan Stanley raised their price objective on shares of Leidos from $105.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Friday, June 11th. Citigroup initiated coverage on shares of Leidos in a research report on Thursday, May 20th. They set a “buy” rating for the company. Zacks Investment Research cut Leidos from a “hold” rating to a “sell” rating and set a $104.00 target price on the stock. in a report on Wednesday, September 8th. Argus cut Leidos from a “buy” rating to a “hold” rating in a report on Friday, August 20th. Finally, Robert W. Baird cut their target price on Leidos from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, August 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $114.50.

In other news, Director Gary Stephen May sold 500 shares of Leidos stock in a transaction on Thursday, August 12th. The stock was sold at an average price of $96.55, for a total transaction of $48,275.00. Following the sale, the director now directly owns 8,672 shares in the company, valued at approximately $837,281.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.57% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LDOS. Meeder Asset Management Inc. raised its stake in shares of Leidos by 118.4% during the 1st quarter. Meeder Asset Management Inc. now owns 308 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 167 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in Leidos in the 1st quarter worth about $39,000. Valley National Advisers Inc. purchased a new stake in Leidos in the 1st quarter worth about $39,000. Benjamin F. Edwards & Company Inc. purchased a new stake in Leidos in the 1st quarter worth about $39,000. Finally, Solstein Capital LLC purchased a new stake in Leidos in the 1st quarter worth about $43,000. Institutional investors own 75.71% of the company’s stock.

Shares of LDOS stock traded down $0.15 during trading hours on Wednesday, hitting $94.46. 33,850 shares of the company were exchanged, compared to its average volume of 797,725. The firm has a market cap of $13.37 billion, a P/E ratio of 18.52, a P/E/G ratio of 1.45 and a beta of 0.88. Leidos has a fifty-two week low of $79.15 and a fifty-two week high of $113.75. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.97 and a current ratio of 1.05. The company has a 50 day simple moving average of $100.18 and a two-hundred day simple moving average of $100.38.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Wednesday, September 15th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.52%. This is a boost from Leidos’s previous quarterly dividend of $0.34. The ex-dividend date is Tuesday, September 14th. Leidos’s payout ratio is presently 23.33%.

Leidos Company Profile

Leidos Holdings, Inc is a holding company, which engages in the provision of scientific, engineering and information technology services and solutions in the areas of defense, intelligence, civil and health markets. It operates through the following three segments: Defense Solutions, Civil, and Health.

Recommended Story: How is a management fee different from a performance fee?

Get a free copy of the Zacks research report on Leidos (LDOS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Leidos (NYSE:LDOS)

Receive News & Ratings for Leidos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leidos and related companies with MarketBeat.com's FREE daily email newsletter.