Zacks: Brokerages Anticipate Leidos Holdings Inc (LDOS) to Announce $0.99 EPS

Wall Street analysts expect Leidos Holdings Inc (NYSE:LDOS) to announce earnings per share (EPS) of $0.99 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Leidos’ earnings. The highest EPS estimate is $1.07 and the lowest is $0.87. Leidos reported earnings per share of $1.03 during the same quarter last year, which indicates a negative year-over-year growth rate of 3.9%. The business is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, April 30th.

On average, analysts expect that Leidos will report full-year earnings of $4.53 per share for the current fiscal year, with EPS estimates ranging from $4.44 to $4.65. For the next fiscal year, analysts anticipate that the company will post earnings of $5.03 per share, with EPS estimates ranging from $4.76 to $5.36. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Leidos.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, February 19th. The aerospace company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.03. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.66 billion. Leidos had a net margin of 5.70% and a return on equity of 19.68%. Leidos’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.87 EPS.

A number of research firms have issued reports on LDOS. Drexel Hamilton reissued a “buy” rating and set a $75.00 target price on shares of Leidos in a research note on Friday, February 22nd. Cowen reissued a “buy” rating and set a $70.00 target price on shares of Leidos in a research note on Tuesday, February 19th. Zacks Investment Research raised shares of Leidos from a “sell” rating to a “hold” rating in a research note on Monday, February 11th. Finally, ValuEngine raised shares of Leidos from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $74.60.

Large investors have recently modified their holdings of the company. Somerset Trust Co lifted its stake in shares of Leidos by 150.6% in the 1st quarter. Somerset Trust Co now owns 436 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 262 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Leidos in the 1st quarter worth approximately $32,000. Edge Wealth Management LLC raised its holdings in shares of Leidos by 250.0% in the 4th quarter. Edge Wealth Management LLC now owns 700 shares of the aerospace company’s stock worth $37,000 after purchasing an additional 500 shares in the last quarter. Legacy Advisors LLC bought a new stake in shares of Leidos in the 1st quarter worth approximately $37,000. Finally, Bessemer Group Inc. raised its holdings in shares of Leidos by 78.1% in the 4th quarter. Bessemer Group Inc. now owns 896 shares of the aerospace company’s stock worth $48,000 after purchasing an additional 393 shares in the last quarter. 76.85% of the stock is owned by institutional investors.

Leidos stock traded up $1.11 during midday trading on Tuesday, reaching $66.51. 762,645 shares of the stock traded hands, compared to its average volume of 907,007. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $9.49 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 1.51 and a beta of 1.71. Leidos has a fifty-two week low of $50.33 and a fifty-two week high of $72.30.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Thursday, March 14th. Leidos’s dividend payout ratio is currently 29.22%.

Leidos Company Profile

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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Earnings History and Estimates for Leidos (NYSE:LDOS)

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