Analysts Expect Leidos Holdings, Inc. (LDOS) Will Announce Quarterly Sales of $2.59 Billion

Wall Street brokerages forecast that Leidos Holdings, Inc. (NYSE:LDOS) will report sales of $2.59 billion for the current quarter, according to Zacks. Four analysts have provided estimates for Leidos’ earnings, with the highest sales estimate coming in at $2.65 billion and the lowest estimate coming in at $2.53 billion. Leidos posted sales of $2.58 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 0.4%. The company is expected to issue its next earnings results before the market opens on Thursday, February 22nd.

According to Zacks, analysts expect that Leidos will report full-year sales of $2.59 billion for the current fiscal year, with estimates ranging from $10.18 billion to $10.30 billion. For the next fiscal year, analysts anticipate that the company will report sales of $10.58 billion per share, with estimates ranging from $10.47 billion to $10.68 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Leidos.

Several equities research analysts have recently weighed in on LDOS shares. Cowen reaffirmed a “buy” rating and issued a $68.00 target price on shares of Leidos in a report on Thursday, October 12th. Zacks Investment Research lowered shares of Leidos from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. BidaskClub lowered shares of Leidos from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Wells Fargo & Co raised shares of Leidos from a “market perform” rating to an “outperform” rating and set a $69.00 target price on the stock in a report on Wednesday, October 25th. Finally, Citigroup upped their target price on shares of Leidos from $65.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $69.33.

Shares of Leidos (NYSE:LDOS) opened at $63.13 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.27 and a debt-to-equity ratio of 0.92. Leidos has a fifty-two week low of $48.87 and a fifty-two week high of $68.25. The firm has a market cap of $10,020.00, a PE ratio of 33.76, a PEG ratio of 1.66 and a beta of 1.61.

In related news, Director John P. Jumper sold 61,212 shares of the company’s 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 transaction, the director now owns 306,709 shares in the company, valued at approximately $19,647,778.54. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.70% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd lifted its position in Leidos by 73.3% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 21,586 shares of the aerospace company’s stock worth $1,116,000 after buying an additional 9,129 shares in the last quarter. Bangor Savings Bank acquired a new position in Leidos during the 2nd quarter worth about $1,251,000. Public Employees Retirement System of Ohio lifted its position in Leidos by 9.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 58,572 shares of the aerospace company’s stock worth $3,028,000 after buying an additional 4,990 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in Leidos by 2.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 42,937 shares of the aerospace company’s stock worth $2,219,000 after buying an additional 831 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in Leidos by 1.5% during the 2nd quarter. California State Teachers Retirement System now owns 270,249 shares of the aerospace company’s stock worth $13,969,000 after buying an additional 4,052 shares in the last quarter. Institutional investors and hedge funds own 73.49% of the company’s stock.

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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.

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