Leidos (LDOS) Set to Announce Earnings on Tuesday

Leidos (NYSE:LDOS) is set to issue its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $1.95 per share for the quarter. Leidos has set its FY 2024 guidance at 8.600-9.000 EPS and its FY24 guidance at $8.60-9.00 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.36. The company had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a net margin of 2.72% and a return on equity of 28.40%. Leidos’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the company posted $1.80 EPS. On average, analysts expect Leidos to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Leidos Price Performance

Shares of LDOS opened at $168.71 on Friday. The firm’s 50-day simple moving average is $160.08 and its two-hundred day simple moving average is $149.26. Leidos has a fifty-two week low of $90.30 and a fifty-two week high of $171.35. The stock has a market cap of $22.73 billion, a PE ratio of 52.89, a price-to-earnings-growth ratio of 1.49 and a beta of 0.70. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.21.

Leidos Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. This is an increase from Leidos’s previous quarterly dividend of $0.38. Leidos’s dividend payout ratio is presently 47.65%.

Insider Transactions at Leidos

In other Leidos news, Director Gary Stephen May sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the sale, the director now directly owns 11,264 shares in the company, valued at $1,622,241.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Thomas Arthur Bell acquired 1,712 shares of Leidos stock in a transaction dated Thursday, August 1st. The stock was purchased at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the purchase, the chief executive officer now directly owns 22,398 shares of the company’s stock, valued at approximately $3,248,605.92. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the transaction, the director now owns 11,264 shares in the company, valued at $1,622,241.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

LDOS has been the topic of several analyst reports. Citigroup boosted their target price on Leidos from $169.00 to $194.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Bank of America increased their price objective on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their target price on shares of Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. TD Cowen increased their price target on shares of Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Company boosted their price objective on shares of Leidos from $172.00 to $183.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $166.92.

About Leidos

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