$1.03 EPS Expected for Leidos Holdings, Inc. (LDOS) This Quarter

Brokerages forecast that Leidos Holdings, Inc. (NYSE:LDOS) will announce earnings of $1.03 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Leidos’ earnings, with the lowest EPS estimate coming in at $0.93 and the highest estimate coming in at $1.10. Leidos reported earnings per share of $0.88 in the same quarter last year, which suggests a positive year over year growth rate of 17%. The firm is scheduled to announce its next quarterly earnings results on Thursday, May 3rd.

According to Zacks, analysts expect that Leidos will report full year earnings of $4.41 per share for the current financial year, with EPS estimates ranging from $4.33 to $4.50. For the next year, analysts forecast that the firm will post earnings of $4.80 per share, with EPS estimates ranging from $4.60 to $5.05. Zacks’ EPS averages are an average based on a survey of research analysts that cover Leidos.

Leidos (NYSE:LDOS) last issued its earnings results on Thursday, February 22nd. The aerospace company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. Leidos had a net margin of 3.60% and a return on equity of 17.47%. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter last year, the business earned $0.75 earnings per share. The business’s revenue was down 2.3% on a year-over-year basis.

Several research analysts have recently issued reports on LDOS shares. Stifel Nicolaus restated a “hold” rating and issued a $68.00 target price on shares of Leidos in a report on Tuesday, November 21st. Jefferies Group raised their target price on shares of Leidos from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Cowen restated a “buy” rating and issued a $72.00 target price on shares of Leidos in a report on Tuesday, December 19th. ValuEngine upgraded shares of Leidos from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research upgraded shares of Leidos from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $71.80.

Leidos (NYSE LDOS) opened at $69.34 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.90. Leidos has a fifty-two week low of $49.84 and a fifty-two week high of $69.96. The stock has a market cap of $10,514.31, a P/E ratio of 29.13, a PEG ratio of 1.66 and a beta of 1.71.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.85%. The ex-dividend date is Wednesday, March 14th. Leidos’s dividend payout ratio (DPR) is currently 53.78%.

Leidos announced that its board has authorized a stock repurchase plan on Thursday, February 22nd that authorizes the company to repurchase 20,000,000 outstanding shares. This repurchase authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

A hedge fund recently raised its stake in Leidos stock. Cambridge Investment Research Advisors Inc. boosted its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 89.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,566 shares of the aerospace company’s stock after acquiring an additional 7,352 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Leidos were worth $1,005,000 at the end of the most recent reporting period. 73.08% of the stock is owned by hedge funds and other institutional investors.

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About Leidos

Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.

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