Leidos (NYSE:LDOS) Issues FY 2024 Earnings Guidance

Leidos (NYSE:LDOS) updated its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 8.400-8.800 for the period, compared to the consensus estimate of 7.850. The company issued revenue guidance of $16.0 billion-$16.4 billion, compared to the consensus revenue estimate of $16.0 billion. Leidos also updated its FY24 guidance to $8.40-8.80 EPS.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LDOS shares. Jefferies Financial Group upped their price objective on shares of Leidos from $130.00 to $135.00 and gave the stock a hold rating in a research report on Wednesday, April 10th. Wells Fargo & Company raised their price objective on shares of Leidos from $137.00 to $147.00 and gave the company an overweight rating in a report on Thursday, April 4th. StockNews.com lowered Leidos from a strong-buy rating to a buy rating in a research report on Friday. Truist Financial lifted their target price on shares of Leidos from $135.00 to $150.00 and gave the stock a buy rating in a research note on Tuesday, April 9th. Finally, TheStreet raised Leidos from a c rating to a b rating in a research note on Tuesday, February 13th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Leidos currently has an average rating of Moderate Buy and an average target price of $132.42.

Leidos Stock Up 3.5 %

Shares of LDOS stock traded up $4.64 during midday trading on Tuesday, reaching $136.26. 1,165,105 shares of the stock were exchanged, compared to its average volume of 836,111. The firm has a market cap of $18.41 billion, a PE ratio of 92.69, a price-to-earnings-growth ratio of 1.80 and a beta of 0.70. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 1.10. The company’s 50 day moving average is $127.74 and its two-hundred day moving average is $114.22. Leidos has a 1 year low of $76.58 and a 1 year high of $140.91.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.59. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.82 billion. Leidos had a return on equity of 22.92% and a net margin of 1.29%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.47 earnings per share. On average, equities research analysts predict that Leidos will post 7.77 EPS for the current year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, June 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.12%. Leidos’s dividend payout ratio (DPR) is presently 107.04%.

Insider Activity

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 transaction, the director now directly owns 14,696 shares of the company’s stock, valued at approximately $1,879,471.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Gary Stephen May sold 2,745 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total value of $341,725.05. Following the transaction, the director now directly owns 11,352 shares of the company’s stock, valued at approximately $1,413,210.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David G. Fubini sold 7,874 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 14,696 shares in the company, valued at approximately $1,879,471.44. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

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.