Leonardo DRS, Inc. (DRS) To Go Ex-Dividend on March 10th

Leonardo DRS, Inc. (NASDAQ:DRS) announced a quarterly dividend on Saturday, March 7th. Shareholders of record on Tuesday, March 10th will be given a dividend of 0.09 per share on Tuesday, March 24th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, March 10th.

Leonardo DRS has a dividend payout ratio of 28.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Leonardo DRS to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 30.0%.

Leonardo DRS Trading Up 1.7%

NASDAQ:DRS opened at $46.58 on Friday. Leonardo DRS has a 1 year low of $28.17 and a 1 year high of $49.31. The stock has a market cap of $12.39 billion, a P/E ratio of 45.22, a P/E/G ratio of 2.32 and a beta of 0.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.63 and a current ratio of 1.89. The stock has a 50-day simple moving average of $40.33 and a 200-day simple moving average of $39.18.

Leonardo DRS (NASDAQ:DRS) last issued its earnings results on Tuesday, February 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.05. Leonardo DRS had a net margin of 7.62% and a return on equity of 11.68%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $994.79 million. During the same quarter in the prior year, the business posted $0.38 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. As a group, analysts anticipate that Leonardo DRS will post 1.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DRS shares. Weiss Ratings cut shares of Leonardo DRS from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Truist Financial set a $59.00 price objective on shares of Leonardo DRS in a research report on Wednesday, February 25th. Wall Street Zen lowered shares of Leonardo DRS from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Morgan Stanley set a $47.00 target price on shares of Leonardo DRS in a research note on Wednesday, February 25th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $50.33.

Leonardo DRS Company Profile

Leonardo DRS is a U.S.-based defense technology company and wholly owned subsidiary of Italy’s Leonardo S.p.A. The firm specializes in developing and integrating mission-critical systems for military and government customers, with a primary focus on command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR). Its core offerings encompass advanced sensors, targeting systems, radars and electronic warfare solutions designed to enhance situational awareness and operational effectiveness across land, sea and air domains.

The company’s portfolio includes naval combat management systems, unmanned vehicle sensors, power generation and distribution equipment, and training and simulation solutions.