$2.52 Billion in Sales Expected for Leidos Holdings, Inc. (NYSE:LDOS) This Quarter
Wall Street analysts expect that Leidos Holdings, Inc. (NYSE:LDOS) will report $2.52 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Leidos Holdings’ earnings, with the lowest sales estimate coming in at $2.45 billion and the highest estimate coming in at $2.56 billion. Leidos Holdings reported sales of $1.87 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 34.8%. The business is scheduled to issue its next quarterly earnings report on Thursday, November 2nd.
On average, analysts expect that Leidos Holdings will report full year sales of $2.52 billion for the current fiscal year, with estimates ranging from $10.18 billion to $10.32 billion. For the next financial year, analysts forecast that the company will post sales of $10.59 billion per share, with estimates ranging from $10.57 billion to $10.63 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Leidos Holdings.
Leidos Holdings (NYSE:LDOS) last issued its earnings results on Thursday, August 3rd. The aerospace company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.27. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The business’s quarterly revenue was up 99.6% compared to the same quarter last year.
Several research firms have issued reports on LDOS. Zacks Investment Research raised Leidos Holdings from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research note on Saturday. Cowen and Company lifted their price target on Leidos Holdings from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Friday, May 5th. Finally, BidaskClub downgraded Leidos Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $56.80.
Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its stake in Leidos Holdings by 66.1% in the first quarter. Russell Investments Group Ltd. now owns 137,581 shares of the aerospace company’s stock worth $7,036,000 after buying an additional 54,742 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Leidos Holdings by 20.3% in the first quarter. Janney Montgomery Scott LLC now owns 81,324 shares of the aerospace company’s stock worth $4,159,000 after buying an additional 13,697 shares in the last quarter. Naples Global Advisors LLC bought a new stake in Leidos Holdings during the first quarter worth about $737,000. Chelsea Counsel Co. increased its stake in Leidos Holdings by 18.9% in the first quarter. Chelsea Counsel Co. now owns 27,522 shares of the aerospace company’s stock worth $1,407,000 after buying an additional 4,380 shares in the last quarter. Finally, Oakbrook Investments LLC increased its stake in Leidos Holdings by 7.3% in the first quarter. Oakbrook Investments LLC now owns 12,450 shares of the aerospace company’s stock worth $637,000 after buying an additional 850 shares in the last quarter. 74.49% of the stock is currently owned by institutional investors and hedge funds.
Shares of Leidos Holdings (LDOS) opened at 56.66 on Wednesday. The stock’s 50 day moving average price is $53.14 and its 200 day moving average price is $52.65. The company has a market cap of $8.56 billion, a P/E ratio of 26.66 and a beta of 1.73. Leidos Holdings has a 1-year low of $37.79 and a 1-year high of $57.72.
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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