Leonardo DRS (DRS) to Release Earnings on Wednesday

Leonardo DRS (NASDAQ:DRS - Get Free Report) will post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Leonardo DRS to post earnings of $0.20 per share for the quarter. Leonardo DRS has set its FY 2024 guidance at 0.820-0.880 EPS and its FY24 guidance at $0.82-0.88 EPS.Parties interested in participating in 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 Tuesday, July 30th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.04. Leonardo DRS had a net margin of 6.12% and a return on equity of 9.48%. The business had revenue of $753.00 million for the quarter, compared to analyst estimates of $680.38 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The firm's revenue was up 19.9% compared to the same quarter last year. 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 Trading Down 1.1 %

Shares of DRS stock traded down $0.32 during trading hours on Wednesday, reaching $28.15. 1,080,022 shares of the stock traded hands, compared to its average volume of 619,831. Leonardo DRS has a 1-year low of $17.97 and a 1-year high of $30.98. The business has a fifty day moving average price of $28.27 and a 200 day moving average price of $25.85. The company has a quick ratio of 1.60, a current ratio of 2.01 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $7.41 billion, a PE ratio of 40.21, a PEG ratio of 1.86 and a beta of 0.96.

Analyst Ratings Changes

A number of research analysts recently commented on DRS shares. Truist Financial boosted their price objective on shares of Leonardo DRS from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Robert W. Baird boosted their price objective on shares of Leonardo DRS from $26.00 to $30.00 and gave the company an "outperform" rating in a research report on Wednesday, July 31st. BTIG Research boosted their price objective on shares of Leonardo DRS from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Finally, Bank of America downgraded shares of Leonardo DRS from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $26.00 to $30.00 in a research report on Tuesday, September 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $29.17.

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.