Leidos (LDOS) Scheduled to Post Quarterly Earnings on Tuesday

Leidos (NYSE:LDOS - Get Free Report) will be posting its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect Leidos to post earnings of $1.95 per share for the quarter. Leidos has set its FY 2024 guidance at 8.600-9.000 EPS and its FY24 guidance at $8.60-9.00 EPS.Individual that wish to register for the company's earnings conference call can do so using this link.

Leidos (NYSE:LDOS - Get Free Report) last issued its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.36. The company had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $1.80 EPS. On average, analysts expect Leidos to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Leidos Price Performance

LDOS traded down $2.13 on Tuesday, hitting $167.55. 633,180 shares of the company's stock traded hands, compared to its average volume of 848,655. The company's 50 day simple moving average is $158.38 and its 200-day simple moving average is $148.44. The firm has a market cap of $22.57 billion, a price-to-earnings ratio of 52.52, a P/E/G ratio of 1.51 and a beta of 0.70. Leidos has a one year low of $90.30 and a one year high of $170.15. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Friday, September 13th. Leidos's dividend payout ratio (DPR) is presently 47.65%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Leidos from $172.00 to $183.00 and gave the company an "overweight" rating in a research note on Tuesday, October 1st. Truist Financial lifted their price objective on Leidos from $165.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, September 5th. Stifel Nicolaus lifted their price objective on Leidos from $160.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, June 24th. JPMorgan Chase & Co. lifted their price objective on Leidos from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. Finally, TD Cowen lifted their price objective on Leidos from $155.00 to $166.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $166.92.

Insider Activity at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the business's stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $145.23, for a total transaction of $153,798.57. Following the completion of the transaction, the director now owns 7,455 shares in the company, valued at $1,082,689.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the company's stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $145.23, for a total value of $153,798.57. Following the completion of the sale, the director now directly owns 7,455 shares in the company, valued at approximately $1,082,689.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary Stephen May sold 1,000 shares of the company's stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total value of $144,020.00. Following the completion of the sale, the director now owns 11,264 shares of the company's stock, valued at $1,622,241.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

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.