Analysts expect that Leidos Holdings Inc (NYSE:LDOS) will post $1.20 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Leidos’ earnings, with the lowest EPS estimate coming in at $1.12 and the highest estimate coming in at $1.24. Leidos posted earnings of $1.14 per share during the same quarter last year, which would indicate a positive year over year growth rate of 5.3%. The company is scheduled to announce its next quarterly earnings results on Thursday, October 24th.

According to Zacks, analysts expect that Leidos will report full year earnings of $4.72 per share for the current year, with EPS estimates ranging from $4.66 to $4.75. For the next year, analysts anticipate that the company will post earnings of $5.25 per share, with EPS estimates ranging from $5.15 to $5.40. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Leidos.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.10 by $0.06. Leidos had a net margin of 6.27% and a return on equity of 20.11%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the prior year, the firm earned $1.12 EPS. Leidos’s revenue for the quarter was up 7.9% on a year-over-year basis.

Several analysts recently commented on LDOS shares. Wells Fargo & Co upped their price target on shares of Leidos from $80.00 to $85.00 and gave the company a “positive” rating in a research report on Wednesday, May 15th. Zacks Investment Research downgraded shares of Leidos from a “buy” rating to a “hold” rating and set a $85.00 price target for the company. in a research report on Tuesday, July 2nd. Argus upped their price target on shares of Leidos to $82.00 and gave the company a “positive” rating in a research report on Thursday, May 16th. SunTrust Banks boosted their price objective on shares of Leidos to $95.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Citigroup cut shares of Leidos from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $75.00 to $83.00 in a research note on Tuesday, July 9th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Leidos currently has a consensus rating of “Buy” and an average target price of $82.60.

In other Leidos news, Director Gary Stephen May sold 500 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $84.57, for a total value of $42,285.00. Following the transaction, the director now directly owns 9,166 shares of the company’s stock, valued at approximately $775,168.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.17% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in Leidos by 958.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,113,180 shares of the aerospace company’s stock valued at $326,543,000 after buying an additional 3,724,716 shares during the period. Victory Capital Management Inc. grew its stake in shares of Leidos by 10.0% during the 2nd quarter. Victory Capital Management Inc. now owns 3,375,545 shares of the aerospace company’s stock worth $269,537,000 after purchasing an additional 307,860 shares during the period. Principal Financial Group Inc. grew its stake in shares of Leidos by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,930,502 shares of the aerospace company’s stock worth $123,727,000 after purchasing an additional 44,007 shares during the period. Thompson Siegel & Walmsley LLC grew its stake in shares of Leidos by 2.9% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 1,730,688 shares of the aerospace company’s stock worth $110,920,000 after purchasing an additional 48,537 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Leidos by 6.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,648,007 shares of the aerospace company’s stock worth $86,883,000 after purchasing an additional 101,437 shares during the period. 74.71% of the stock is currently owned by institutional investors.

LDOS stock traded up $1.11 on Friday, hitting $86.35. The company’s stock had a trading volume of 1,120,500 shares, compared to its average volume of 1,263,776. The firm has a 50 day moving average of $84.16 and a two-hundred day moving average of $75.03. Leidos has a 1 year low of $50.33 and a 1 year high of $89.00. The stock has a market cap of $12.21 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 2.41 and a beta of 1.55. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.96.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.34 dividend. This is a boost from Leidos’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Friday, September 13th. Leidos’s payout ratio is currently 29.22%.

About Leidos

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

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