$2.51 Billion in Sales Expected for Leidos Holdings, Inc. (LDOS) This Quarter
Wall Street analysts expect that Leidos Holdings, Inc. (NYSE:LDOS) will announce sales of $2.51 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Leidos Holdings’ earnings, with the lowest sales estimate coming in at $2.45 billion and the highest estimate coming in at $2.55 billion. Leidos Holdings reported sales of $1.87 billion in the same quarter last year, which would suggest a positive year over year growth rate of 34.2%. The company is expected to announce its next quarterly earnings results before the market opens on Thursday, November 2nd.
According to Zacks, analysts expect that Leidos Holdings will report full-year sales of $2.51 billion for the current financial year, with estimates ranging from $10.18 billion to $10.39 billion. For the next year, analysts anticipate that the business will report sales of $10.65 billion per share, with estimates ranging from $10.57 billion to $10.77 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Leidos Holdings.
Leidos Holdings (NYSE:LDOS) last announced its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the business posted $0.68 EPS. The business’s revenue was up 99.6% compared to the same quarter last year.
LDOS has been the topic of a number of recent research reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $75.00 price objective on shares of Leidos Holdings in a research report on Thursday, October 5th. Argus upped their price objective on Leidos Holdings from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, August 31st. BidaskClub lowered Leidos Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday. Cowen and Company reaffirmed an “outperform” rating and set a $66.00 price objective (up previously from $62.00) on shares of Leidos Holdings in a research report on Wednesday, August 9th. Finally, TheStreet lowered Leidos Holdings from a “b-” rating to a “c+” rating in a research report on Thursday, September 7th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $64.56.
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In other Leidos Holdings news, VP Jerald S. Howe, Jr. bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were purchased at an average price of $55.32 per share, with a total value of $110,640.00. Following the completion of the acquisition, the vice president now directly 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 available through this hyperlink. Also, Director Gary Stephen May sold 800 shares of the stock in a transaction on Monday, August 28th. The shares were 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 directly owns 6,680 shares in the company, valued at approximately $372,410. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd increased its holdings in Leidos Holdings by 73.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 21,586 shares of the aerospace company’s stock valued at $1,116,000 after buying an additional 9,129 shares during the last quarter. Bangor Savings Bank purchased a new position in Leidos Holdings in the second quarter valued at $1,251,000. Public Employees Retirement System of Ohio increased its holdings in Leidos Holdings by 9.3% in the second quarter. Public Employees Retirement System of Ohio now owns 58,572 shares of the aerospace company’s stock valued at $3,028,000 after buying an additional 4,990 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in Leidos Holdings by 2.0% in the second quarter. Ameritas Investment Partners Inc. now owns 42,937 shares of the aerospace company’s stock valued at $2,219,000 after buying an additional 831 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in Leidos Holdings by 1.5% in the second quarter. California State Teachers Retirement System now owns 270,249 shares of the aerospace company’s stock valued at $13,969,000 after buying an additional 4,052 shares during the last quarter. 74.55% of the stock is currently owned by hedge funds and other institutional investors.
Leidos Holdings (NYSE LDOS) opened at 62.18 on Friday. The stock has a market capitalization of $9.40 billion, a P/E ratio of 27.86 and a beta of 1.72. Leidos Holdings has a one year low of $40.96 and a one year high of $63.08. The stock has a 50 day moving average price of $59.54 and a 200-day moving average price of $55.26.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Monday, September 18th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Friday, September 15th. Leidos Holdings’s dividend payout ratio (DPR) is presently 55.65%.
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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