Brokerages predict that Leidos Holdings, Inc. (NYSE:LDOS) will report earnings per share of $0.80 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Leidos Holdings’ earnings. The highest EPS estimate is $0.88 and the lowest is $0.71. Leidos Holdings reported earnings per share of $1.25 in the same quarter last year, which would suggest a negative year-over-year growth rate of 36%. The firm is expected to announce its next quarterly earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that Leidos Holdings will report full-year earnings of $3.51 per share for the current financial year, with EPS estimates ranging from $3.48 to $3.55. For the next year, analysts forecast that the business will report earnings of $3.62 per share, with EPS estimates ranging from $3.58 to $3.68. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Leidos Holdings.

Leidos Holdings (NYSE:LDOS) last released its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.27. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter last year, the company earned $0.68 earnings per share. The firm’s revenue for the quarter was up 99.6% on a year-over-year basis.

Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Leidos Holdings from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Saturday. Cowen and Company reiterated a “buy” rating on shares of Leidos Holdings in a research note on Thursday. Finally, BidaskClub lowered Leidos Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $56.80.

Several large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its stake in Leidos Holdings by 15.5% in the second quarter. Victory Capital Management Inc. now owns 69,811 shares of the aerospace company’s stock valued at $3,609,000 after buying an additional 9,363 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Leidos Holdings during the second quarter valued at about $19,646,000. GAM Holding AG purchased a new stake in Leidos Holdings during the second quarter valued at about $356,000. Cadence Capital Management LLC raised its stake in Leidos Holdings by 0.4% in the second quarter. Cadence Capital Management LLC now owns 15,546 shares of the aerospace company’s stock valued at $804,000 after buying an additional 67 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in Leidos Holdings by 4.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 158,032 shares of the aerospace company’s stock valued at $8,169,000 after buying an additional 6,464 shares in the last quarter. 74.49% of the stock is currently owned by institutional investors and hedge funds.

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Leidos Holdings (LDOS) traded down 0.20% during mid-day trading on Monday, reaching $56.08. 597,159 shares of the company’s stock were exchanged. The company has a market capitalization of $8.47 billion, a P/E ratio of 26.39 and a beta of 1.73. The company’s 50 day moving average price is $53.17 and its 200-day moving average price is $52.59. Leidos Holdings has a 52 week low of $37.79 and a 52 week high of $56.67.

Leidos Holdings Company Profile

Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.

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