William Blair Has Optimistic Outlook of Leidos Q4 Earnings

Leidos Holdings, Inc. (NYSE:LDOSFree Report) – Stock analysts at William Blair increased their Q4 2024 earnings per share estimates for Leidos in a research note issued to investors on Tuesday, October 29th. William Blair analyst L. Dipalma now expects that the aerospace company will post earnings per share of $2.13 for the quarter, up from their previous forecast of $2.10. The consensus estimate for Leidos’ current full-year earnings is $8.96 per share. William Blair also issued estimates for Leidos’ FY2025 earnings at $10.21 EPS.

A number of other equities research analysts also recently issued reports on the company. The Goldman Sachs Group boosted their price target on Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Robert W. Baird upped their target price on Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday. Citigroup upped their target price on Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Bank of America upped their target price on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Two investment 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.77.

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Leidos Price Performance

LDOS stock opened at $185.71 on Thursday. The stock has a 50-day moving average price of $161.89 and a two-hundred day moving average price of $150.56. Leidos has a 12-month low of $94.57 and a 12-month high of $188.36. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91. The company has a market cap of $25.02 billion, a PE ratio of 58.22, a price-to-earnings-growth ratio of 1.50 and a beta of 0.70.

Leidos (NYSE:LDOSGet Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.97. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the business earned $2.03 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year.

Institutional Trading of Leidos

Several institutional investors and hedge funds have recently bought and sold shares of the company. Marks Group Wealth Management Inc raised its stake in Leidos by 0.7% during the third quarter. Marks Group Wealth Management Inc now owns 58,115 shares of the aerospace company’s stock valued at $9,473,000 after buying an additional 415 shares in the last quarter. Hanlon Investment Management Inc. acquired a new stake in Leidos during the third quarter valued at approximately $533,000. Amalgamated Bank raised its stake in Leidos by 1.0% during the third quarter. Amalgamated Bank now owns 27,839 shares of the aerospace company’s stock valued at $4,538,000 after buying an additional 289 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of Leidos by 4.8% during the 3rd quarter. QRG Capital Management Inc. now owns 24,311 shares of the aerospace company’s stock worth $3,963,000 after purchasing an additional 1,111 shares during the period. Finally, Asset Management One Co. Ltd. raised its position in shares of Leidos by 0.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 46,749 shares of the aerospace company’s stock worth $7,620,000 after purchasing an additional 260 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gary Stephen May sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the sale, the director now owns 11,264 shares in the company, valued at $1,622,241.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.96% of the stock is currently owned by insiders.

Leidos Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.60 annualized dividend and a yield of 0.86%. This is a boost from Leidos’s previous quarterly dividend of $0.38. Leidos’s dividend payout ratio is presently 47.65%.

Leidos Company Profile

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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.

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Earnings History and Estimates for Leidos (NYSE:LDOS)

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