Leidos (NYSE:LDOS) Issues Quarterly Earnings Results

Leidos (NYSE:LDOS) announced its quarterly earnings data on Tuesday. The aerospace company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.27 by $0.36, Briefing.com reports. The business had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.80 earnings per share. Leidos updated its FY 2024 guidance to 8.600-9.000 EPS and its FY24 guidance to $8.60-9.00 EPS.

Leidos Stock Down 0.2 %

Shares of LDOS traded down $0.24 on Friday, reaching $144.51. The company’s stock had a trading volume of 20,483 shares, compared to its average volume of 890,978. The company has a current ratio of 1.21, a quick ratio of 1.24 and a debt-to-equity ratio of 0.91. Leidos has a twelve month low of $89.22 and a twelve month high of $155.45. The stock has a market capitalization of $19.47 billion, a PE ratio of 62.39, a PEG ratio of 1.48 and a beta of 0.68. The firm has a fifty day moving average of $147.25 and a 200-day moving average of $134.19.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.05%. Leidos’s dividend payout ratio is presently 65.52%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LDOS shares. Citigroup upped their price target on shares of Leidos from $165.00 to $169.00 and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Company upped their price target on shares of Leidos from $168.00 to $172.00 and gave the stock an “overweight” rating in a report on Thursday. JPMorgan Chase & Co. upped their price target on shares of Leidos from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday. Royal Bank of Canada upped their price target on shares of Leidos from $140.00 to $145.00 and gave the stock a “sector perform” rating in a report on Wednesday. Finally, StockNews.com raised shares of Leidos from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Leidos currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.62.

Insider Buying and Selling

In other Leidos news, insider Roy E. Stevens sold 875 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $150.67, for a total value of $131,836.25. Following the completion of the sale, the insider now owns 44,149 shares in the company, valued at approximately $6,651,929.83. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.96% of the stock is currently owned by company insiders.

Leidos Company Profile

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.