What is William Blair's Forecast for Leidos FY2024 Earnings?

Leidos Holdings, Inc. (NYSE:LDOS - Free Report) - William Blair boosted their FY2024 earnings per share estimates for Leidos in a report released on Tuesday, October 29th. William Blair analyst L. Dipalma now forecasts that the aerospace company will post earnings per share of $9.98 for the year, up from their previous estimate of $8.84. The consensus estimate for Leidos' current full-year earnings is $9.90 per share.

Leidos (NYSE:LDOS - Get Free Report) last posted its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating the consensus estimate of $1.96 by $0.97. The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The business's quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company earned $2.03 earnings per share.

A number of other equities analysts also recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Leidos from $175.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Citigroup raised their price objective on Leidos from $194.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday. Truist Financial raised their price objective on Leidos from $175.00 to $205.00 and gave the stock a "buy" rating in a research report on Wednesday. TD Cowen raised their price objective on Leidos from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Wells Fargo & Company raised their price objective on Leidos from $183.00 to $230.00 and gave the stock an "overweight" rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $187.77.

Leidos Trading Down 0.1 %

Leidos stock traded down $0.19 during trading hours on Friday, hitting $182.97. The stock had a trading volume of 1,053,151 shares, compared to its average volume of 856,832. The company has a quick ratio of 1.11, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. The stock has a market cap of $24.41 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 1.50 and a beta of 0.70. Leidos has a one year low of $100.17 and a one year high of $188.36. The business's 50 day simple moving average is $162.48 and its 200-day simple moving average is $150.78.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Northwest Investment Counselors LLC bought a new stake in Leidos during the third quarter worth $30,000. 1832 Asset Management L.P. bought a new stake in Leidos during the second quarter worth $34,000. Blue Trust Inc. lifted its holdings in Leidos by 251.3% during the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company's stock worth $41,000 after acquiring an additional 201 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in Leidos by 122.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company's stock worth $45,000 after acquiring an additional 169 shares during the period. Finally, Kathleen S. Wright Associates Inc. bought a new stake in Leidos during the third quarter worth $46,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Insider Buying and Selling at Leidos

In related news, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the transaction, the director now owns 11,264 shares of the company's stock, valued at $1,622,241.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.96% of the company's stock.

Leidos Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Friday, December 13th. This is a boost from Leidos's previous quarterly dividend of $0.38. Leidos's dividend payout ratio (DPR) is 17.31%.

About Leidos

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.