Leidos Holdings, Inc. (NYSE:LDOS) Announces $0.38 Quarterly Dividend

Leidos Holdings, Inc. (NYSE:LDOS) declared a quarterly dividend on Friday, April 26th, RTT News reports. Shareholders of record on Tuesday, May 14th will be given a dividend of 0.38 per share by the aerospace company on Tuesday, May 28th. This represents a $1.52 dividend on an annualized basis and a yield of 1.17%.

Leidos has raised its dividend by an average of 2.4% per year over the last three years and has increased its dividend every year for the last 1 years. Leidos has a dividend payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Leidos to earn $8.46 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 18.0%.

Leidos Stock Performance

Shares of LDOS stock opened at $130.33 on Friday. The company’s 50 day moving average is $127.59 and its 200 day moving average is $113.69. The company has a quick ratio of 1.24, a current ratio of 1.34 and a debt-to-equity ratio of 1.10. The firm has a market cap of $17.61 billion, a price-to-earnings ratio of 91.78, a PEG ratio of 1.79 and a beta of 0.70. Leidos has a 52-week low of $76.58 and a 52-week high of $131.50.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, February 13th. The aerospace company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.25. Leidos had a return on equity of 22.92% and a net margin of 1.29%. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same period in the prior year, the business posted $1.83 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts anticipate that Leidos will post 7.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LDOS has been the subject of several analyst reports. Barclays upgraded Leidos from an “equal weight” rating to an “overweight” rating in a report on Friday, January 5th. Jefferies Financial Group lifted their target price on Leidos from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, April 10th. Royal Bank of Canada lifted their price target on Leidos from $105.00 to $120.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 14th. Robert W. Baird increased their price target on shares of Leidos from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Finally, Argus lifted their price objective on shares of Leidos from $120.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $132.42.

Insider Transactions at Leidos

In other news, Director David G. Fubini sold 7,874 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the completion of the transaction, the director now directly owns 14,696 shares in the company, valued at approximately $1,879,471.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Leidos news, Director David G. Fubini sold 7,874 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total value of $1,007,005.86. Following the sale, the director now owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gary Stephen May sold 2,745 shares of Leidos stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total value of $341,725.05. Following the completion of the sale, the director now directly owns 11,352 shares of the company’s stock, valued at $1,413,210.48. The disclosure for this sale can be found here. Insiders own 0.96% 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.