Leidos Holdings (LDOS) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS
Leidos Holdings (NYSE:LDOS) posted its quarterly earnings results on Wednesday. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.05, American Banking and Market News reports. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.26 billion.
A number of research firms have recently commented on LDOS. Analysts at Zacks upgraded shares of Leidos Holdings from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 27th. They now have a $38.70 price target on the stock. On a related note, analysts at Wells Fargo & Co. upgraded shares of Leidos Holdings to a “market perform” rating in a research note on Thursday, April 10th. Six investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus target price of $43.43.
Leidos Holdings (NYSE:LDOS) opened at 37.94 on Wednesday. Leidos Holdings has a one year low of $31.5062 and a one year high of $49.18. The stock has a 50-day moving average of $37.48 and a 200-day moving average of $42.34. The company has a market cap of $3.000 billion and a price-to-earnings ratio of 19.84.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.