Jefferies Group Equities Analysts Reduce Earnings Estimates for Leidos Holdings, Inc. (LDOS)
Leidos Holdings, Inc. (NYSE:LDOS) – Research analysts at Jefferies Group decreased their FY2019 EPS estimates for Leidos in a research note issued on Monday. Jefferies Group analyst S. Kahyaoglu now anticipates that the aerospace company will post earnings per share of $4.15 for the year, down from their previous estimate of $4.30. Jefferies Group currently has a “Buy” rating and a $75.00 price objective on the stock.
Other equities analysts have also issued reports about the stock. TheStreet raised shares of Leidos from a “c+” rating to a “b+” rating in a research report on Monday, October 2nd. Zacks Investment Research raised shares of Leidos from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Friday, November 3rd. Citigroup raised their price target on shares of Leidos from $65.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Cowen reaffirmed a “buy” rating and set a $68.00 price target on shares of Leidos in a research report on Thursday, November 2nd. Finally, BidaskClub raised shares of Leidos from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $69.33.
Leidos (NYSE:LDOS) last issued its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.14. Leidos had a net margin of 3.04% and a return on equity of 17.20%. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the firm earned $1.25 earnings per share. The company’s revenue was up 34.0% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, December 15th. This represents a $1.28 dividend on an annualized basis and a yield of 1.92%. Leidos’s payout ratio is 68.45%.
In other Leidos news, Director John P. Jumper sold 61,212 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $64.06, for a total transaction of $3,921,240.72. Following the sale, the director now directly owns 306,709 shares in the company, valued at $19,647,778.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.70% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its stake in Leidos by 11.3% during the second quarter. BlackRock Inc. now owns 12,650,322 shares of the aerospace company’s stock worth $653,894,000 after buying an additional 1,280,482 shares in the last quarter. Vanguard Group Inc. grew its stake in Leidos by 2.0% during the second quarter. Vanguard Group Inc. now owns 12,638,104 shares of the aerospace company’s stock worth $653,263,000 after buying an additional 250,211 shares in the last quarter. FMR LLC grew its stake in Leidos by 58.4% during the second quarter. FMR LLC now owns 7,484,518 shares of the aerospace company’s stock worth $386,874,000 after buying an additional 2,758,658 shares in the last quarter. State Street Corp grew its stake in Leidos by 20.5% during the second quarter. State Street Corp now owns 4,560,128 shares of the aerospace company’s stock worth $235,717,000 after buying an additional 776,462 shares in the last quarter. Finally, FIL Ltd grew its stake in Leidos by 2.0% during the second quarter. FIL Ltd now owns 4,169,918 shares of the aerospace company’s stock worth $215,543,000 after buying an additional 83,105 shares in the last quarter. Hedge funds and other institutional investors own 73.48% of the company’s stock.
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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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