Leidos Holdings, Inc. (NYSE:LDOS) has been given a consensus rating of “Buy” by the thirteen research firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $71.56.
Several brokerages have weighed in on LDOS. Credit Suisse Group reaffirmed an “outperform” rating and set a $81.00 price target (up from $79.00) on shares of Leidos in a research report on Friday, February 23rd. Zacks Investment Research raised Leidos from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Wednesday, February 28th. ValuEngine raised Leidos from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $68.00 price target on shares of Leidos in a research report on Tuesday, November 21st. Finally, Cowen reaffirmed a “buy” rating and set a $72.00 price target on shares of Leidos in a research report on Tuesday, December 19th.
An institutional investor recently raised its position in Leidos stock. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 89.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,566 shares of the aerospace company’s stock after acquiring an additional 7,352 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Leidos were worth $1,005,000 as of its most recent SEC filing. Institutional investors own 73.08% of the company’s stock.
Leidos (NYSE:LDOS) last issued its earnings results on Thursday, February 22nd. The aerospace company reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.04. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. Leidos had a return on equity of 17.47% and a net margin of 3.60%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. analysts forecast that Leidos will post 4.41 earnings per share for the current fiscal year.
Leidos announced that its board has approved a share buyback plan on Thursday, February 22nd that allows the company to buyback 20,000,000 outstanding shares. This buyback authorization allows the aerospace company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Wednesday, March 14th. Leidos’s dividend payout ratio (DPR) is presently 53.78%.
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.
Receive News & Ratings for Leidos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leidos and related companies with MarketBeat.com's FREE daily email newsletter.