Leidos Holdings, Inc. (LDOS) to Release Earnings on Thursday
Leidos Holdings, Inc. (NYSE:LDOS) is set to post its quarterly earnings results before the market opens on Thursday, November 2nd. Analysts expect Leidos Holdings to post earnings of $0.81 per share for the quarter. Leidos Holdings has set its FY17 guidance at $3.45-3.60 EPS.
Leidos Holdings (NYSE:LDOS) last posted its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 EPS for the quarter, topping 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 business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter last year, the company posted $0.68 earnings per share. Leidos Holdings’s quarterly revenue was up 99.6% on a year-over-year basis. On average, analysts expect Leidos Holdings to post $3.56 EPS for the current fiscal year and $3.71 EPS for the next fiscal year.
Leidos Holdings, Inc. (LDOS) opened at 62.74 on Thursday. Leidos Holdings, Inc. has a 12-month low of $40.96 and a 12-month high of $63.68. The company has a market cap of $9.49 billion, a PE ratio of 28.11 and a beta of 1.72. The company’s 50-day moving average price is $59.81 and its 200-day moving average price is $55.55.
The firm also recently disclosed 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 2.04%. The ex-dividend date was Friday, September 15th. Leidos Holdings’s dividend payout ratio (DPR) is presently 55.65%.
In other Leidos Holdings news, Director Gary Stephen May sold 800 shares of the firm’s 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 of the company’s stock, valued at approximately $372,410. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Jerald S. Howe, Jr. purchased 2,000 shares of the business’s stock in a transaction on Monday, August 21st. The stock was purchased at an average cost of $55.32 per share, with a total value of $110,640.00. Following the completion of the acquisition, the vice president now owns 2,000 shares in the company, valued at $110,640. The disclosure for this purchase can be found here. 1.70% of the stock is owned by company insiders.
LDOS has been the subject of several analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Leidos Holdings in a report on Thursday, October 5th. TheStreet downgraded shares of Leidos Holdings from a “b-” rating to a “c+” rating in a report on Thursday, September 7th. BidaskClub raised shares of Leidos Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Cowen and Company reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Leidos Holdings in a report on Thursday, October 12th. Finally, Zacks Investment Research downgraded shares of Leidos Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $65.00.
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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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