Leidos (NYSE:LDOS) Announces Earnings Results

Leidos (NYSE:LDOS - Get Free Report) posted its earnings results on Tuesday. The aerospace company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.59, RTT News reports. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.82 billion. Leidos had a net margin of 1.29% and a return on equity of 22.92%. Leidos's revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 EPS. Leidos updated its FY 2024 guidance to 8.400-8.800 EPS and its FY24 guidance to $8.40-8.80 EPS.

Leidos Stock Up 6.5 %

LDOS traded up $8.60 on Tuesday, reaching $140.22. The company's stock had a trading volume of 3,639,797 shares, compared to its average volume of 866,493. The stock has a 50 day moving average of $128.08 and a two-hundred day moving average of $114.53. The company has a quick ratio of 1.24, a current ratio of 1.34 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $18.95 billion, a price-to-earnings ratio of 98.75, a P/E/G ratio of 1.80 and a beta of 0.70. Leidos has a fifty-two week low of $76.58 and a fifty-two week high of $140.91.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Friday, June 14th. Leidos's dividend payout ratio (DPR) is 107.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LDOS shares. Jefferies Financial Group lifted their target price on Leidos from $130.00 to $135.00 and gave the company a "hold" rating in a research report on Wednesday, April 10th. Royal Bank of Canada increased their target price on shares of Leidos from $105.00 to $120.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 14th. Robert W. Baird boosted their price target on shares of Leidos from $133.00 to $145.00 and gave the company an "outperform" rating in a research note on Wednesday, February 14th. Wells Fargo & Company increased their price objective on shares of Leidos from $137.00 to $147.00 and gave the stock an "overweight" rating in a research report on Thursday, April 4th. Finally, Barclays raised Leidos from an "equal weight" rating to an "overweight" rating in a research report on Friday, January 5th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $132.42.

Insider Activity at Leidos

In other news, Director Gary Stephen May sold 2,745 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 11,352 shares of the company's stock, valued at $1,413,210.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Gary Stephen May sold 2,745 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 11,352 shares of the company's stock, valued at $1,413,210.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David G. Fubini sold 7,874 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 14,696 shares of the company's stock, valued at $1,879,471.44. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

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.