Leidos Holdings Inc (NYSE:LDOS) announced a quarterly dividend on Friday, July 31st, RTT News reports. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.34 per share by the aerospace company on Wednesday, September 30th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.43%.
Leidos has raised its dividend payment by an average of 3.1% per year over the last three years and has increased its dividend every year for the last 1 years. Leidos has a payout ratio of 25.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Leidos to earn $6.28 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 21.7%.
LDOS stock opened at $95.16 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $13.12 billion, a PE ratio of 17.69, a PEG ratio of 1.64 and a beta of 1.13. Leidos has a 1-year low of $68.00 and a 1-year high of $125.84. The business’s 50 day simple moving average is $92.18 and its 200 day simple moving average is $98.26.
Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, May 5th. The aerospace company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.04). Leidos had a return on equity of 22.56% and a net margin of 5.20%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the firm posted $1.13 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. As a group, sell-side analysts predict that Leidos will post 5.24 EPS for the current fiscal year.
In related news, Director Gary Stephen May sold 600 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $102.27, for a total transaction of $61,362.00. Following the completion of the sale, the director now directly owns 9,613 shares in the company, valued at approximately $983,121.51. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Roy E. Stevens sold 2,801 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $101.23, for a total value of $283,545.23. Following the sale, the insider now owns 25,420 shares of the company’s stock, valued at $2,573,266.60. The disclosure for this sale can be found here. 1.49% of the stock is owned by corporate insiders.
A number of brokerages have commented on LDOS. Robert W. Baird began coverage on Leidos in a report on Wednesday, June 10th. They issued an “outperform” rating and a $140.00 price objective on the stock. Morgan Stanley upped their price objective on Leidos from $95.00 to $103.00 and gave the company an “equal weight” rating in a report on Tuesday, April 14th. Jefferies Financial Group decreased their price objective on Leidos from $140.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Zacks Investment Research raised Leidos from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a report on Monday, April 27th. Finally, Citigroup raised Leidos from a “neutral” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Monday, April 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $115.31.
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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