Jefferies Group Equities Analysts Reduce Earnings Estimates for Leidos Holdings, Inc. (LDOS)
Leidos Holdings, Inc. (NYSE:LDOS) – Equities research analysts at Jefferies Group dropped their FY2019 earnings per share (EPS) estimates for Leidos in a research note issued on Monday. Jefferies Group analyst S. Kahyaoglu now anticipates that the aerospace company will post earnings of $4.15 per share for the year, down from their prior estimate of $4.30. Jefferies Group currently has a “Buy” rating and a $75.00 target price on the stock.
A number of other equities research analysts have also issued reports on LDOS. Cowen restated a “buy” rating and issued a $66.00 target price on shares of Leidos in a research note on Tuesday, September 19th. BidaskClub upgraded shares of Leidos from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. TheStreet upgraded shares of Leidos from a “c+” rating to a “b+” rating in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of Leidos from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Wells Fargo & Co upgraded shares of Leidos from a “market perform” rating to an “outperform” rating and set a $69.00 target price on the stock in a research note on Wednesday, October 25th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Leidos has a consensus rating of “Buy” and a consensus target price of $69.33.
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 analysts’ consensus estimates of $0.81 by $0.14. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.55 billion. Leidos had a net margin of 3.04% and a return on equity of 17.20%. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.25 EPS.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LDOS. Northwestern Mutual Wealth Management Co. raised its stake in Leidos by 0.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock worth $102,000 after acquiring an additional 18 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Leidos by 31.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,158 shares of the aerospace company’s stock valued at $111,000 after purchasing an additional 513 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of Leidos by 263.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock valued at $161,000 after purchasing an additional 2,254 shares during the period. Hanseatic Management Services Inc. acquired a new stake in shares of Leidos in the second quarter valued at approximately $174,000. Finally, Ontario Teachers Pension Plan Board acquired a new stake in shares of Leidos in the second quarter valued at approximately $209,000. Hedge funds and other institutional investors own 73.48% of the company’s stock.
In related news, Director John P. Jumper sold 61,212 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $64.06, for a total transaction of $3,921,240.72. Following the sale, the director now owns 306,709 shares in the company, valued at $19,647,778.54. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.70% of the stock is owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, December 15th. This represents a $1.28 annualized dividend and a yield of 1.92%. Leidos’s dividend payout ratio (DPR) is 68.45%.
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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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