Leonardo DRS (DRS) Expected to Announce Earnings on Thursday

Leonardo DRS (NASDAQ:DRS - Get Free Report) is expected to be announcing its earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.36 per share and revenue of $942.18 million for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Leonardo DRS Stock Performance

Leonardo DRS stock traded down $3.09 on Friday, hitting $29.07. The company's stock had a trading volume of 1,648,379 shares, compared to its average volume of 462,580. The firm has a market cap of $7.69 billion, a P/E ratio of 39.28, a price-to-earnings-growth ratio of 1.51 and a beta of 1.01. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average price of $34.04 and a 200-day moving average price of $31.45. Leonardo DRS has a one year low of $19.88 and a one year high of $37.99.

Insider Transactions at Leonardo DRS

In other Leonardo DRS news, Director Eric Salzman sold 3,477 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $34.59, for a total transaction of $120,269.43. Following the sale, the director now owns 13,262 shares of the company's stock, valued at $458,732.58. This represents a 20.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John Baylouny sold 3,529 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $31.90, for a total transaction of $112,575.10. Following the sale, the chief operating officer now directly owns 78,334 shares in the company, valued at approximately $2,498,854.60. This represents a 4.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 150,089 shares of company stock valued at $5,178,619. 0.12% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DRS shares. Truist Financial boosted their price target on shares of Leonardo DRS from $36.00 to $37.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their price target on shares of Leonardo DRS from $29.00 to $32.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Finally, Robert W. Baird upped their target price on shares of Leonardo DRS from $30.00 to $40.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $33.00.

About Leonardo DRS

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.