Leidos Holdings, Inc. Declares Dividend of $0.32 (LDOS)
Leidos Holdings, Inc. (NYSE:LDOS) announced a dividend on Friday, September 8th, Fidelity reports. Stockholders of record on Monday, September 18th will be given a dividend of 0.32 per share by the aerospace company on Friday, September 29th. The ex-dividend date is Friday, September 15th.
Leidos Holdings has increased its dividend by an average of 58.7% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Leidos Holdings has a payout ratio of 36.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Leidos Holdings to earn $3.67 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 34.9%.
Shares of Leidos Holdings (LDOS) opened at 57.11 on Friday. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 25.59 and a beta of 1.71. Leidos Holdings has a 1-year low of $40.96 and a 1-year high of $58.94. The stock has a 50 day moving average price of $55.85 and a 200-day moving average price of $53.80.
Leidos Holdings (NYSE:LDOS) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.27. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the company earned $0.68 earnings per share. The business’s revenue was up 99.6% compared to the same quarter last year. On average, equities research analysts expect that Leidos Holdings will post $3.55 earnings per share for the current fiscal year.
Several equities analysts have weighed in on LDOS shares. Zacks Investment Research upgraded Leidos Holdings from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Thursday, May 18th. BidaskClub upgraded Leidos Holdings from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Argus raised their target price on Leidos Holdings from $62.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, August 31st. Cowen and Company raised their target price on Leidos Holdings from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Finally, ValuEngine upgraded Leidos Holdings from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $61.78.
In other Leidos Holdings news, VP Jerald S. Howe, Jr. acquired 2,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were acquired at an average cost of $55.32 per share, for a total transaction of $110,640.00. Following the completion of the purchase, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $110,640. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary Stephen May sold 800 shares of Leidos Holdings stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $55.75, for a total value of $44,600.00. Following the completion of the transaction, the director now owns 6,680 shares in the company, valued at $372,410. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
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About Leidos Holdings
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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