FY2024 Earnings Estimate for Leidos Issued By Zacks Research

Leidos Holdings, Inc. (NYSE:LDOS - Free Report) - Equities research analysts at Zacks Research lifted their FY2024 earnings estimates for Leidos in a research note issued on Tuesday, November 19th. Zacks Research analyst A. Dutta now expects that the aerospace company will earn $9.86 per share for the year, up from their previous estimate of $8.86. The consensus estimate for Leidos' current full-year earnings is $10.07 per share. Zacks Research also issued estimates for Leidos' Q1 2026 earnings at $2.28 EPS, Q3 2026 earnings at $2.59 EPS and FY2026 earnings at $10.20 EPS.

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

A number of other equities research analysts have also weighed in on LDOS. The Goldman Sachs Group raised their price target on shares of Leidos from $205.00 to $228.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Robert W. Baird increased their price objective on shares of Leidos from $180.00 to $218.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Bank of America increased their price objective on shares of Leidos from $160.00 to $165.00 and gave the company a "buy" rating in a research note on Wednesday, August 7th. Truist Financial reduced their price target on shares of Leidos from $205.00 to $185.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Wells Fargo & Company raised their price target on shares of Leidos from $183.00 to $230.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $189.69.

Leidos Trading Up 0.7 %

Shares of Leidos stock traded up $1.18 during trading hours on Friday, hitting $165.87. The company's stock had a trading volume of 793,150 shares, compared to its average volume of 926,168. The business has a fifty day moving average of $170.16 and a 200 day moving average of $155.99. The company has a market capitalization of $22.13 billion, a PE ratio of 18.76, a P/E/G ratio of 1.06 and a beta of 0.68. Leidos has a 1-year low of $105.52 and a 1-year high of $202.90. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87.

Leidos Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. This is a boost from Leidos's previous quarterly dividend of $0.38. The ex-dividend date is Monday, December 16th. Leidos's payout ratio is 17.31%.

Insiders Place Their Bets

In other news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total transaction of $193,632.18. Following the transaction, the director now directly owns 6,408 shares of the company's stock, valued at $1,185,095.52. This represents a 14.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total value of $535,777.56. Following the completion of the sale, the director now directly owns 20,001 shares of the company's stock, valued at $3,899,594.97. The trade was a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LDOS. Morse Asset Management Inc raised its holdings in shares of Leidos by 92.0% in the 3rd quarter. Morse Asset Management Inc now owns 5,175 shares of the aerospace company's stock valued at $844,000 after acquiring an additional 2,480 shares in the last quarter. Hobbs Group Advisors LLC increased its stake in Leidos by 43.6% in the 3rd quarter. Hobbs Group Advisors LLC now owns 6,339 shares of the aerospace company's stock worth $1,033,000 after purchasing an additional 1,926 shares during the period. Virtue Capital Management LLC purchased a new position in Leidos in the 3rd quarter worth approximately $228,000. Toronto Dominion Bank increased its stake in Leidos by 0.8% in the 3rd quarter. Toronto Dominion Bank now owns 69,676 shares of the aerospace company's stock worth $11,357,000 after purchasing an additional 520 shares during the period. Finally, Neo Ivy Capital Management purchased a new position in Leidos in the 3rd quarter worth approximately $964,000. Institutional investors own 76.12% of the company's stock.

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.