Leidos Holdings, Inc. (NYSE:LDOS) announced a dividend on Saturday, December 9th, Fidelity reports. Investors of record on Monday, December 18th will be paid a dividend of 0.32 per share by the aerospace company on Friday, December 29th. The ex-dividend date of this dividend is Friday, December 15th.

Leidos has raised its dividend payment 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 has a payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Leidos to earn $3.80 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 33.7%.

Shares of Leidos (NYSE:LDOS) opened at $64.13 on Friday. The stock has a market capitalization of $9,701.78, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.74 and a beta of 1.69. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.27 and a quick ratio of 1.03. Leidos has a one year low of $47.81 and a one year high of $64.24.

Leidos (NYSE:LDOS) last issued its earnings results on Thursday, November 2nd. The aerospace company reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.14. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.55 billion. Leidos had a return on equity of 17.20% and a net margin of 3.04%. The business’s revenue was up 34.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 earnings per share. equities research analysts predict that Leidos will post 3.69 EPS for the current year.

Several brokerages have issued reports on LDOS. Jefferies Group restated a “hold” rating and issued a $52.00 target price on shares of Leidos in a research note on Friday, August 18th. ValuEngine upgraded Leidos from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Citigroup boosted their target price on Leidos from $65.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Cowen restated a “buy” rating and issued a $66.00 target price on shares of Leidos in a research note on Tuesday, September 19th. Finally, TheStreet upgraded Leidos from a “c+” rating to a “b+” rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Leidos presently has a consensus rating of “Buy” and a consensus target price of $68.00.

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Leidos 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.

Dividend History for Leidos (NYSE:LDOS)

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