Leidos Holdings, Inc. Expected to Earn Q3 2022 Earnings of $1.61 Per Share (NYSE:LDOS)

Leidos Holdings, Inc. (NYSE:LDOSGet Rating) – Analysts at William Blair dropped their Q3 2022 earnings per share (EPS) estimates for Leidos in a research note issued to investors on Tuesday, August 2nd. William Blair analyst L. Dipalma now expects that the aerospace company will earn $1.61 per share for the quarter, down from their prior forecast of $1.62. The consensus estimate for Leidos’ current full-year earnings is $6.41 per share. William Blair also issued estimates for Leidos’ Q4 2022 earnings at $1.61 EPS and FY2022 earnings at $6.38 EPS.

Several other analysts have also recently issued reports on LDOS. StockNews.com upgraded Leidos from a “hold” rating to a “buy” rating in a research report on Friday, April 15th. Wells Fargo & Company cut their target price on Leidos from $109.00 to $105.00 and set an “equal weight” rating for the company in a research report on Wednesday. Morgan Stanley increased their target price on Leidos from $107.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Truist Financial increased their target price on Leidos from $108.00 to $120.00 in a research report on Wednesday, May 4th. Finally, Barclays lowered Leidos from an “overweight” rating to an “equal weight” rating and set a $105.00 price target for the company. in a research note on Tuesday, June 7th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $113.00.

Leidos Stock Performance

NYSE:LDOS opened at $100.55 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 0.99. Leidos has a 12-month low of $81.07 and a 12-month high of $111.12. The stock has a 50-day moving average price of $101.10 and a 200 day moving average price of $100.94. The stock has a market capitalization of $13.74 billion, a P/E ratio of 19.52, a P/E/G ratio of 2.25 and a beta of 0.71.

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

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Wednesday, September 14th. Leidos’s payout ratio is 27.96%.

Insider Activity

In other news, Director Gary Stephen May sold 7,299 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $102.35, for a total value of $747,052.65. Following the completion of the sale, the director now directly owns 9,778 shares of the company’s stock, valued at approximately $1,000,778.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Harry M. Jansen Kraemer, Jr. sold 7,274 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $103.18, for a total transaction of $750,531.32. Following the completion of the sale, the director now directly owns 84,277 shares of the company’s stock, valued at approximately $8,695,700.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary Stephen May sold 7,299 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $102.35, for a total value of $747,052.65. Following the sale, the director now directly owns 9,778 shares of the company’s stock, valued at $1,000,778.30. The disclosure for this sale can be found here. Insiders sold 15,089 shares of company stock valued at $1,548,441 in the last ninety days. Insiders own 1.67% of the company’s stock.

Institutional Investors Weigh In On Leidos

Institutional investors and hedge funds have recently modified their holdings of the business. Better Money Decisions LLC bought a new stake in shares of Leidos during the 2nd quarter worth approximately $25,000. KB Financial Partners LLC purchased a new position in Leidos during the 1st quarter worth $25,000. Clear Street Markets LLC increased its holdings in Leidos by 329.9% during the 2nd quarter. Clear Street Markets LLC now owns 288 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 221 shares during the period. CWM LLC purchased a new position in Leidos during the 4th quarter worth $30,000. Finally, Atlas Capital Advisors LLC increased its holdings in Leidos by 127.4% during the 1st quarter. Atlas Capital Advisors LLC now owns 307 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 172 shares during the period. 78.97% of the stock is owned by institutional investors.

Leidos Company Profile

(Get Rating)

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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