Wall Street brokerages forecast that Leidos Holdings Inc (NYSE:LDOS) will post $2.64 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Leidos’ earnings. The lowest sales estimate is $2.63 billion and the highest is $2.64 billion. Leidos posted sales of $2.53 billion during the same quarter last year, which suggests a positive year over year growth rate of 4.3%. The firm is scheduled to issue its next earnings results on Thursday, July 25th.
According to Zacks, analysts expect that Leidos will report full-year sales of $10.73 billion for the current year, with estimates ranging from $10.68 billion to $10.78 billion. For the next financial year, analysts anticipate that the firm will report sales of $11.17 billion, with estimates ranging from $11.02 billion to $11.25 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Leidos.
Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, April 30th. The aerospace company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.13. Leidos had a return on equity of 20.08% and a net margin of 6.47%. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the firm posted $1.03 EPS. The business’s revenue was up 5.5% compared to the same quarter last year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Thrivent Financial for Lutherans boosted its stake in Leidos by 6.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 38,223 shares of the aerospace company’s stock worth $2,015,000 after purchasing an additional 2,226 shares during the period. United Services Automobile Association boosted its stake in Leidos by 0.8% in the 4th quarter. United Services Automobile Association now owns 130,564 shares of the aerospace company’s stock worth $6,883,000 after purchasing an additional 1,008 shares during the period. Meeder Asset Management Inc. boosted its stake in Leidos by 55.7% in the 1st quarter. Meeder Asset Management Inc. now owns 19,243 shares of the aerospace company’s stock worth $1,234,000 after purchasing an additional 6,883 shares during the period. BlackRock Inc. boosted its stake in Leidos by 2.3% in the 4th quarter. BlackRock Inc. now owns 13,848,515 shares of the aerospace company’s stock worth $730,094,000 after purchasing an additional 317,521 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Leidos by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 1,449,617 shares of the aerospace company’s stock worth $76,375,000 after purchasing an additional 71,807 shares during the period. Institutional investors and hedge funds own 74.62% of the company’s stock.
Shares of Leidos stock traded up $0.42 during trading hours on Monday, hitting $78.84. 1,068,624 shares of the company’s stock traded hands, compared to its average volume of 1,181,389. Leidos has a 12-month low of $50.33 and a 12-month high of $80.00. The firm has a market cap of $11.37 billion, a PE ratio of 18.00, a P/E/G ratio of 2.28 and a beta of 1.61. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.23 and a quick ratio of 1.23.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.62%. Leidos’s payout ratio is 29.22%.
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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