Leidos Holdings, Inc. Forecasted to Post FY2023 Earnings of $6.75 Per Share (NYSE:LDOS)

Leidos Holdings, Inc. (NYSE:LDOSGet Rating) – William Blair lifted their FY2023 earnings per share (EPS) estimates for shares of Leidos in a report released on Tuesday, August 2nd. William Blair analyst L. Dipalma now anticipates that the aerospace company will post earnings of $6.75 per share for the year, up from their prior forecast of $6.61. The consensus estimate for Leidos’ current full-year earnings is $6.42 per share.

Leidos (NYSE:LDOSGet Rating) last issued its earnings results on Tuesday, August 2nd. The aerospace company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.04. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.52 billion. Leidos had a return on equity of 22.18% and a net margin of 5.15%. Leidos’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 EPS.

Several other research analysts have also commented on the company. The Goldman Sachs Group boosted their price target on Leidos from $118.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, April 14th. Truist Financial boosted their price target on Leidos from $108.00 to $120.00 in a research report on Wednesday, May 4th. StockNews.com raised Leidos from a “hold” rating to a “buy” rating in a research report on Friday, April 15th. Wells Fargo & Company reduced their price target on Leidos from $109.00 to $105.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Morgan Stanley boosted their price target on Leidos from $107.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $113.00.

Leidos Trading Down 0.6 %

Shares of NYSE LDOS opened at $99.31 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 0.99. The business has a fifty day simple moving average of $101.19 and a two-hundred day simple moving average of $100.89. The firm has a market cap of $13.57 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 2.26 and a beta of 0.71. Leidos has a twelve month low of $81.07 and a twelve month high of $111.12.

Hedge Funds Weigh In On Leidos

A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its position in Leidos by 12.6% in the first quarter. BlackRock Inc. now owns 15,518,960 shares of the aerospace company’s stock worth $1,676,358,000 after acquiring an additional 1,735,496 shares during the period. Vanguard Group Inc. grew its position in Leidos by 1.6% in the first quarter. Vanguard Group Inc. now owns 15,087,661 shares of the aerospace company’s stock worth $1,629,768,000 after acquiring an additional 236,272 shares during the period. State Street Corp boosted its position in shares of Leidos by 3.9% during the fourth quarter. State Street Corp now owns 5,685,081 shares of the aerospace company’s stock worth $505,404,000 after buying an additional 211,254 shares during the period. Boston Partners boosted its position in shares of Leidos by 71.0% during the first quarter. Boston Partners now owns 4,369,996 shares of the aerospace company’s stock worth $472,051,000 after buying an additional 1,814,223 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Leidos by 8.7% during the first quarter. Victory Capital Management Inc. now owns 3,999,167 shares of the aerospace company’s stock worth $431,475,000 after buying an additional 320,790 shares during the period. Institutional investors and hedge funds own 78.97% of the company’s stock.

Insider Buying and Selling at Leidos

In other Leidos news, insider James Robert Moos sold 516 shares of the business’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $98.56, for a total transaction of $50,856.96. Following the sale, the insider now owns 21,391 shares in the company, valued at approximately $2,108,296.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Leidos news, Director Harry M. Jansen Kraemer, Jr. sold 7,274 shares of the business’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $103.18, for a total transaction of $750,531.32. Following the sale, the director now owns 84,277 shares in the company, valued at approximately $8,695,700.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider James Robert Moos sold 516 shares of the company’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $98.56, for a total value of $50,856.96. Following the completion of the sale, the insider now owns 21,391 shares in the company, valued at approximately $2,108,296.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,089 shares of company stock worth $1,548,441. 1.67% of the stock is currently owned by insiders.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.36 per share. The ex-dividend date is Wednesday, September 14th. This represents a $1.44 annualized dividend and a yield of 1.45%. Leidos’s payout ratio is presently 27.96%.

Leidos Company Profile

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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. 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 and Estimates for Leidos (NYSE:LDOS)

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