Leidos Holdings, Inc. (LDOS) Releases Earnings Results, Beats Estimates By $0.14 EPS
Leidos Holdings, Inc. (NYSE:LDOS) posted its earnings results on Thursday. The aerospace company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.14, Bloomberg Earnings reports. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the firm posted $1.25 earnings per share. Leidos Holdings’s revenue for the quarter was up 34.0% compared to the same quarter last year. Leidos Holdings updated its FY17 guidance to $3.60-3.75 EPS.
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In related news, VP Jerald S. Howe, Jr. bought 2,000 shares of the business’s stock in a transaction on Monday, August 21st. The stock was acquired at an average cost of $55.32 per share, with a total value of $110,640.00. Following the purchase, the vice president now directly owns 2,000 shares of the company’s stock, valued at $110,640. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gary Stephen May sold 800 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 6,680 shares of the company’s stock, valued at $372,410. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.
LDOS has been the subject of a number of recent research reports. TheStreet raised shares of Leidos Holdings from a “c+” rating to a “b+” rating in a report on Monday, October 2nd. Argus raised their target price on shares of Leidos Holdings from $62.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, August 31st. ValuEngine raised shares of Leidos Holdings from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Goldman Sachs Group, Inc. (The) raised shares of Leidos Holdings from a “neutral” rating to a “buy” rating and raised their target price for the company from $61.00 to $68.00 in a report on Thursday, August 10th. Finally, Zacks Investment Research raised shares of Leidos Holdings from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a report on Saturday, August 5th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Leidos Holdings has a consensus rating of “Buy” and an average price target of $65.00.
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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