Leidos Holdings, Inc. Declares Quarterly Dividend of $0.40 (NYSE:LDOS)

Key Points

• Leidos Holdings, Inc. has declared a quarterly dividend of $0.40 per share, with stockholders of record on September 15th receiving it on September 30th, representing a 1.0% dividend yield.
• Analysts expect Leidos to earn $11.23 per share next year, maintaining a healthy payout ratio of 14.2% for its annual dividend of $1.60.
• Despite the positive earnings report with a quarterly EPS of $2.97, Leidos's stock fell by 0.3% to $159.21, reflecting a volatile market sentiment.

Leidos Holdings, Inc. (NYSE:LDOS - Get Free Report) announced a quarterly dividend on Friday, August 1st, RTT News reports. Stockholders of record on Monday, September 15th will be given a dividend of 0.40 per share by the aerospace company on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%.

Leidos has a payout ratio of 13.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Leidos to earn $11.23 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 14.2%.

Leidos Stock Down 0.3%

LDOS traded down $0.44 on Friday, reaching $159.21. The company's stock had a trading volume of 784,043 shares, compared to its average volume of 689,688. The stock has a market cap of $20.49 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 1.91 and a beta of 0.65. Leidos has a 1 year low of $123.62 and a 1 year high of $202.90. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.54 and a quick ratio of 1.42. The business's 50 day moving average is $155.29 and its 200 day moving average is $146.51.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, beating analysts' consensus estimates of $2.47 by $0.50. Leidos had a return on equity of 32.62% and a net margin of 7.87%. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the prior year, the business posted $2.29 earnings per share. Leidos's revenue for the quarter was up 6.8% on a year-over-year basis. As a group, research analysts forecast that Leidos will post 10.62 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Baird R W downgraded Leidos from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. UBS Group increased their target price on Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Robert W. Baird downgraded Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price on the stock. in a report on Tuesday, May 27th. Royal Bank Of Canada increased their target price on Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Finally, Wall Street Zen raised Leidos from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Leidos currently has a consensus rating of "Moderate Buy" and an average target price of $175.15.

Leidos Company Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.