Leidos Holdings, Inc. Declares Quarterly Dividend of $0.38 (NYSE:LDOS)

Leidos Holdings, Inc. (NYSE:LDOS - Get Free Report) declared a quarterly dividend on Friday, April 26th, RTT News reports. Shareholders of record on Tuesday, May 14th will be given a dividend of 0.38 per share by the aerospace company on Tuesday, May 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.17%.

Leidos has increased its dividend by an average of 2.4% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Leidos has a payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Leidos to earn $8.46 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 18.0%.

Leidos Stock Up 0.3 %

Shares of LDOS traded up $0.45 on Friday, reaching $130.33. The company's stock had a trading volume of 891,837 shares, compared to its average volume of 823,630. Leidos has a twelve month low of $76.58 and a twelve month high of $131.50. The stock has a market capitalization of $17.61 billion, a PE ratio of 91.78, a PEG ratio of 1.78 and a beta of 0.70. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 1.10. The firm has a fifty day moving average of $127.59 and a 200-day moving average of $113.69.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The aerospace company reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.25. Leidos had a return on equity of 22.92% and a net margin of 1.29%. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same period in the previous year, the company posted $1.83 EPS. The company's revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts predict that Leidos will post 7.77 EPS for the current year.

Insider Transactions at Leidos

In other news, Director David G. Fubini sold 7,874 shares of Leidos stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total value of $1,007,005.86. Following the completion of the transaction, the director now owns 14,696 shares in the company, valued at $1,879,471.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Gary Stephen May sold 2,745 shares of Leidos stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total value of $341,725.05. Following the completion of the transaction, the director now directly owns 11,352 shares in the company, valued at $1,413,210.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David G. Fubini sold 7,874 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total value of $1,007,005.86. Following the sale, the director now directly owns 14,696 shares in the company, valued at approximately $1,879,471.44. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LDOS. Truist Financial lifted their price objective on shares of Leidos from $135.00 to $150.00 and gave the stock a "buy" rating in a report on Tuesday, April 9th. Argus increased their price objective on shares of Leidos from $120.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, March 20th. StockNews.com cut shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Friday. Jefferies Financial Group upped their target price on Leidos from $130.00 to $135.00 and gave the company a "hold" rating in a report on Wednesday, April 10th. Finally, Royal Bank of Canada lifted their price target on Leidos from $105.00 to $120.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 14th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $132.42.

About Leidos

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.