Leidos Holdings (LDOS) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS
Leidos Holdings (NYSE:LDOS) released its earnings data 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 & Market News reports. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.26 billion.
Leidos Holdings (NYSE:LDOS) opened at 37.94 on Wednesday. Leidos Holdings has a 52 week low of $31.5062 and a 52 week high of $49.18. The stock’s 50-day moving average is $37.48 and its 200-day moving average is $42.34. The company has a market cap of $3.000 billion and a price-to-earnings ratio of 19.84.
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 the ratings front, analysts at Wells Fargo & Co. upgraded shares of Leidos Holdings to a “market perform” rating in a research note on Thursday, April 10th. Six research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average target price of $43.43.
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