Leonardo DRS, Inc. Announces Quarterly Dividend of $0.09 (NASDAQ:DRS)

Key Points

• Leonardo DRS, Inc. announced a quarterly dividend of $0.09 per share, with shareholders of record set for August 20th to receive it on September 3rd, reflecting a 0.75% yield.
• The company's recent earnings report showed an earnings per share (EPS) of $0.23, exceeding analysts' estimates and representing a 10.1% year-over-year revenue growth.
• Research analysts have updated their price targets for Leonardo DRS, with several firms setting new targets between $44.00 and $49.00 and a consensus rating of "Moderate Buy".

Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, RTT News reports. Shareholders of record on Wednesday, August 20th will be given a dividend of 0.09 per share on Wednesday, September 3rd. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 20th.

Leonardo DRS has a payout ratio of 28.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Leonardo DRS to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 30.0%.

Leonardo DRS Stock Up 0.3%

Shares of Leonardo DRS stock traded up $0.14 on Friday, reaching $41.74. 314,907 shares of the company were exchanged, compared to its average volume of 1,038,609. The company has a market capitalization of $11.10 billion, a price-to-earnings ratio of 44.86, a PEG ratio of 2.52 and a beta of 0.63. The company has a current ratio of 2.02, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13. Leonardo DRS has a one year low of $22.73 and a one year high of $49.31. The company has a 50-day moving average of $45.24 and a 200 day moving average of $38.40.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. Leonardo DRS had a net margin of 7.31% and a return on equity of 11.09%. The business had revenue of $829.00 million for the quarter, compared to the consensus estimate of $824.50 million. During the same period in the previous year, the company earned $0.18 earnings per share. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. On average, equities research analysts forecast that Leonardo DRS will post 1.04 earnings per share for the current year.

About Leonardo DRS

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.