$0.81 Earnings Per Share Expected for Leidos Holdings, Inc. (LDOS) This Quarter
Analysts expect Leidos Holdings, Inc. (NYSE:LDOS) to announce $0.81 earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for Leidos Holdings’ earnings, with the highest EPS estimate coming in at $0.85 and the lowest estimate coming in at $0.77. Leidos Holdings posted earnings of $0.75 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 8%. The company is scheduled to issue its next earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that Leidos Holdings will report full-year earnings of $3.68 per share for the current financial year, with EPS estimates ranging from $3.65 to $3.72. For the next fiscal year, analysts expect that the company will report earnings of $3.77 per share, with EPS estimates ranging from $3.66 to $3.85. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Leidos Holdings.
Leidos Holdings (NYSE:LDOS) last issued its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.14. Leidos Holdings had a return on equity of 17.20% and a net margin of 3.04%. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the company posted $1.25 EPS. The company’s revenue for the quarter was up 34.0% compared to the same quarter last year.
Several brokerages have recently issued reports on LDOS. Citigroup Inc. lifted their price target on Leidos Holdings from $65.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research upgraded Leidos Holdings from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Friday, November 3rd. Cowen and Company restated a “buy” rating and set a $68.00 price objective on shares of Leidos Holdings in a research report on Thursday, November 2nd. TheStreet upgraded Leidos Holdings from a “c+” rating to a “b+” rating in a research report on Monday, October 2nd. Finally, BidaskClub lowered Leidos Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $66.18.
Shares of Leidos Holdings (LDOS) traded up $0.22 on Thursday, hitting $61.87. The stock had a trading volume of 865,900 shares, compared to its average volume of 808,158. Leidos Holdings has a one year low of $45.56 and a one year high of $64.20. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.27. The company has a market cap of $9,359.88, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 1.68 and a beta of 1.69.
In other Leidos Holdings news, VP Jerald S. Howe, Jr. acquired 2,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were bought at an average cost of $55.32 per share, with a total value of $110,640.00. Following the purchase, the vice president now directly owns 2,000 shares of the company’s stock, valued at $110,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary Stephen May sold 800 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $55.75, for a total value of $44,600.00. Following the completion of the transaction, the director now directly owns 6,680 shares in the company, valued at $372,410. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in Leidos Holdings by 11.3% in the 2nd quarter. BlackRock Inc. now owns 12,650,322 shares of the aerospace company’s stock valued at $653,894,000 after buying an additional 1,280,482 shares in the last quarter. Vanguard Group Inc. increased its position in Leidos Holdings by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 12,638,104 shares of the aerospace company’s stock valued at $653,263,000 after buying an additional 250,211 shares in the last quarter. FMR LLC increased its position in Leidos Holdings by 58.4% in the 2nd quarter. FMR LLC now owns 7,484,518 shares of the aerospace company’s stock valued at $386,874,000 after buying an additional 2,758,658 shares in the last quarter. State Street Corp increased its position in Leidos Holdings by 20.5% in the 2nd quarter. State Street Corp now owns 4,560,128 shares of the aerospace company’s stock valued at $235,717,000 after buying an additional 776,462 shares in the last quarter. Finally, FIL Ltd increased its position in Leidos Holdings by 2.0% in the 2nd quarter. FIL Ltd now owns 4,169,918 shares of the aerospace company’s stock valued at $215,543,000 after buying an additional 83,105 shares in the last quarter. 74.67% of the stock is owned by institutional investors and hedge funds.
Leidos Holdings Company Profile
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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