Wall Street brokerages forecast that Leidos Holdings Inc (NYSE:LDOS) will announce earnings per share (EPS) of $1.08 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Leidos’ earnings, with the lowest EPS estimate coming in at $1.05 and the highest estimate coming in at $1.12. Leidos reported earnings of $0.95 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.7%. The business is scheduled to report its next quarterly earnings results on Thursday, November 1st.
On average, analysts expect that Leidos will report full-year earnings of $4.40 per share for the current fiscal year, with EPS estimates ranging from $4.30 to $4.55. For the next fiscal year, analysts anticipate that the business will post earnings of $4.81 per share, with EPS estimates ranging from $4.60 to $5.05. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Leidos.
Leidos (NYSE:LDOS) last posted its earnings results on Thursday, July 26th. The aerospace company reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.07. Leidos had a return on equity of 18.05% and a net margin of 4.42%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the company earned $1.04 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis.
A number of research firms have recently weighed in on LDOS. Zacks Investment Research upgraded Leidos from a “sell” rating to a “hold” rating in a report on Friday, July 27th. ValuEngine upgraded Leidos from a “hold” rating to a “buy” rating in a report on Friday, May 11th. Finally, Goldman Sachs Group downgraded Leidos from a “conviction-buy” rating to a “buy” rating and set a $82.00 price target for the company. in a research report on Tuesday, May 8th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $73.89.
Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC increased its position in Leidos by 30.3% in the second quarter. FMR LLC now owns 13,424,963 shares of the aerospace company’s stock worth $792,073,000 after buying an additional 3,122,237 shares during the last quarter. BlackRock Inc. increased its position in Leidos by 1.9% in the first quarter. BlackRock Inc. now owns 12,945,823 shares of the aerospace company’s stock worth $846,657,000 after buying an additional 246,608 shares during the last quarter. Boston Partners increased its position in Leidos by 14.4% in the second quarter. Boston Partners now owns 5,468,842 shares of the aerospace company’s stock worth $322,662,000 after buying an additional 687,970 shares during the last quarter. Principal Financial Group Inc. increased its position in Leidos by 4.8% in the first quarter. Principal Financial Group Inc. now owns 2,593,539 shares of the aerospace company’s stock worth $169,617,000 after buying an additional 119,243 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Leidos by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,853,539 shares of the aerospace company’s stock worth $109,358,000 after buying an additional 8,240 shares during the last quarter. 72.94% of the stock is owned by institutional investors.
Shares of LDOS stock traded up $0.92 during trading hours on Monday, reaching $71.72. The company had a trading volume of 881,906 shares, compared to its average volume of 970,372. Leidos has a 12 month low of $55.05 and a 12 month high of $71.82. The company has a quick ratio of 1.08, a current ratio of 1.31 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $10.62 billion, a PE ratio of 19.28, a P/E/G ratio of 1.69 and a beta of 1.65.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Monday, September 17th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, September 14th. Leidos’s payout ratio is 34.41%.
Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets primarily in the United States. The company 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Leidos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leidos and related companies with MarketBeat.com's FREE daily email newsletter.