$2.64 Billion in Sales Expected for Leidos Holdings Inc (NYSE:LDOS) This Quarter

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.

Several equities research analysts have recently issued reports on LDOS shares. Cowen reaffirmed a “buy” rating and set a $70.00 target price on shares of Leidos in a research report on Tuesday, February 19th. Drexel Hamilton reaffirmed a “buy” rating and set a $75.00 target price on shares of Leidos in a research report on Friday, February 22nd. Morgan Stanley started coverage on Leidos in a research report on Monday, June 3rd. They set an “equal weight” rating and a $75.00 target price for the company. Goldman Sachs Group reaffirmed a “neutral” rating and set a $75.00 target price on shares of Leidos in a research report on Thursday, May 9th. Finally, Credit Suisse Group raised their target price on Leidos from $82.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, May 15th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Leidos presently has a consensus rating of “Buy” and an average target price of $79.13.

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%.

About Leidos

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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