Leidos (LDOS) Scheduled to Post Quarterly Earnings on Tuesday

Leidos (NYSE:LDOS) is scheduled to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.65 per share for the quarter. Leidos has set its FY24 guidance at $7.50 to $7.90 EPS and its FY 2024 guidance at 7.500-7.900 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, February 13th. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.25. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Leidos had a return on equity of 22.92% and a net margin of 1.29%. Leidos’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.83 earnings per share. On average, analysts expect Leidos to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Leidos Trading Up 0.4 %

NYSE:LDOS opened at $130.36 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.24 and a current ratio of 1.34. The stock has a market capitalization of $17.62 billion, a price-to-earnings ratio of 91.80, a PEG ratio of 1.79 and a beta of 0.70. Leidos has a 1 year low of $76.58 and a 1 year high of $131.50. The stock has a fifty day moving average price of $127.59 and a two-hundred day moving average price of $113.83.

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.17%. Leidos’s dividend payout ratio (DPR) is 107.04%.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gary Stephen May sold 2,745 shares of Leidos stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total transaction of $341,725.05. Following the sale, the director now owns 11,352 shares of the company’s stock, valued at approximately $1,413,210.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director David G. Fubini sold 7,874 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total value of $1,007,005.86. Following the sale, the director now owns 14,696 shares of the company’s stock, valued at approximately $1,879,471.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary Stephen May sold 2,745 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total value of $341,725.05. Following the sale, the director now directly owns 11,352 shares in the company, valued at $1,413,210.48. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. StockNews.com lowered Leidos from a “strong-buy” rating to a “buy” rating in a research note on Friday. Wells Fargo & Company increased their price objective on Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Barclays raised Leidos from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 5th. TheStreet raised Leidos from a “c” rating to a “b” rating in a research note on Tuesday, February 13th. Finally, Argus raised their price target on Leidos from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.42.

Leidos Company Profile

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.