Leidos Holdings, Inc. (LDOS) Releases FY17 Earnings Guidance
Leidos Holdings, Inc. (NYSE:LDOS) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.60-3.75 for the period, compared to the Thomson Reuters consensus estimate of $3.56. The company issued revenue guidance of $10.1-10.4 billion, compared to the consensus revenue estimate of $10.32 billion.
Leidos Holdings (NYSE:LDOS) last issued its earnings results on Thursday, November 2nd. The aerospace company reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.14. 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 the consensus estimate of $2.55 billion. During the same quarter in the prior year, the firm earned $1.25 earnings per share. The business’s quarterly revenue was up 34.0% on a year-over-year basis.
LDOS has been the subject of several research reports. TheStreet raised shares of Leidos Holdings from a c+ rating to a b+ rating in a research report on Monday, October 2nd. Argus increased their price objective on shares of Leidos Holdings from $62.00 to $64.00 and gave the stock a buy rating in a research report on Thursday, August 31st. ValuEngine raised shares of Leidos Holdings from a hold rating to a buy rating in a research report on Thursday, August 17th. Goldman Sachs Group, Inc. (The) raised shares of Leidos Holdings from a neutral rating to a buy rating and increased their price objective for the stock from $61.00 to $68.00 in a research 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 price objective for the company in a research report on Saturday, August 5th. Two equities research 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 an average target price of $65.00.
In other Leidos Holdings news, VP Jerald S. Howe, Jr. bought 2,000 shares of Leidos Holdings stock in a transaction that occurred on Monday, August 21st. The stock was acquired at an average price of $55.32 per share, for a total transaction of $110,640.00. Following the completion of the acquisition, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $110,640. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary Stephen May sold 800 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $55.75, for a total transaction of $44,600.00. Following the transaction, the director now owns 6,680 shares of the company’s stock, valued at approximately $372,410. The disclosure for this sale can be found here. Corporate 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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