Leonardo DRS (DRS) Expected to Announce Earnings on Thursday

Leonardo DRS (NASDAQ:DRS - Get Free Report) is anticipated to post its Q4 2024 quarterly earnings results before the market opens on Thursday, February 20th. Analysts expect Leonardo DRS to post earnings of $0.36 per share and revenue of $942.18 million for the quarter. Leonardo DRS has set its FY 2025 guidance at 1.020-1.080 EPS.Investors that wish to register for the company's conference call can do so using this link.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.02. Leonardo DRS had a return on equity of 9.71% and a net margin of 6.23%. The firm had revenue of $981.00 million for the quarter, compared to the consensus estimate of $942.18 million. On average, analysts expect Leonardo DRS to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Leonardo DRS Stock Performance

Shares of DRS traded down $2.35 during trading hours on Friday, hitting $28.85. The stock had a trading volume of 1,577,732 shares, compared to its average volume of 663,454. The firm has a market capitalization of $7.63 billion, a PE ratio of 38.99, a PEG ratio of 1.30 and a beta of 1.01. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.11 and a quick ratio of 1.70. Leonardo DRS has a 12 month low of $19.88 and a 12 month high of $37.99. The stock has a fifty day moving average price of $33.57 and a 200 day moving average price of $31.51.

Leonardo DRS announced that its board has approved a stock buyback plan on Thursday, February 20th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to buy up to 0.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

Leonardo DRS Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.09 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.25%.

Insider Transactions at Leonardo DRS

In other Leonardo DRS news, CEO William Lynn III sold 45,000 shares of Leonardo DRS stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $34.07, for a total value of $1,533,150.00. Following the sale, the chief executive officer now directly owns 234,937 shares in the company, valued at approximately $8,004,303.59. The trade was a 16.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Pamela Morrow sold 11,100 shares of the business's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $34.81, for a total transaction of $386,391.00. Following the completion of the sale, the senior vice president now owns 12,565 shares in the company, valued at approximately $437,387.65. The trade was a 46.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 150,089 shares of company stock valued at $5,178,619 over the last 90 days. Company insiders own 0.12% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on DRS shares. Truist Financial boosted their target price on shares of Leonardo DRS from $36.00 to $37.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Robert W. Baird lifted their price target on shares of Leonardo DRS from $30.00 to $40.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. upped their price objective on Leonardo DRS from $32.00 to $33.00 and gave the stock a "neutral" rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $33.17.

Leonardo DRS Company Profile

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.