Leonardo DRS (DRS) Set to Announce Quarterly Earnings on Wednesday

Leonardo DRS (NASDAQ:DRS) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Leonardo DRS has set its FY 2024 guidance at 0.820-0.880 EPS and its FY24 guidance at $0.82-0.88 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. Leonardo DRS had a net margin of 6.12% and a return on equity of 9.48%. The firm had revenue of $753.00 million during the quarter, compared to analyst estimates of $680.38 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. Leonardo DRS’s quarterly revenue was up 19.9% on a year-over-year basis. On average, analysts expect Leonardo DRS to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Leonardo DRS Trading Down 0.4 %

Shares of DRS opened at $28.25 on Monday. The company has a current ratio of 2.01, a quick ratio of 1.60 and a debt-to-equity ratio of 0.15. Leonardo DRS has a 12-month low of $17.97 and a 12-month high of $30.98. The firm has a 50-day moving average price of $28.30 and a 200 day moving average price of $25.99. The firm has a market capitalization of $7.43 billion, a P/E ratio of 40.36, a P/E/G ratio of 1.85 and a beta of 0.96.

Analysts Set New Price Targets

DRS has been the subject of several research analyst reports. Truist Financial increased their target price on shares of Leonardo DRS from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. BTIG Research increased their target price on shares of Leonardo DRS from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Robert W. Baird increased their target price on shares of Leonardo DRS from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Bank of America lowered shares of Leonardo DRS from a “buy” rating to a “neutral” rating and increased their target price for the stock from $26.00 to $30.00 in a research note on Tuesday, September 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Leonardo DRS presently has a consensus rating of “Moderate Buy” and an average price target of $29.17.

Leonardo DRS Company Profile

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.