Leidos (NYSE:LDOS) Releases FY24 Earnings Guidance

Leidos (NYSE:LDOS - Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share guidance of $8.40-8.80 for the period, compared to the consensus earnings per share estimate of $7.85. The company issued revenue guidance of $16.0-16.4 billion, compared to the consensus revenue estimate of $16.02 billion. Leidos also updated its FY 2024 guidance to 8.400-8.800 EPS.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LDOS. Bank of America increased their price objective on shares of Leidos from $125.00 to $145.00 and gave the company a buy rating in a research report on Wednesday, March 27th. Royal Bank of Canada increased their price objective on shares of Leidos from $105.00 to $120.00 and gave the company a sector perform rating in a research report on Wednesday, February 14th. Barclays raised shares of Leidos from an equal weight rating to an overweight rating in a report on Friday, January 5th. TheStreet raised shares of Leidos from a c rating to a b rating in a report on Tuesday, February 13th. Finally, Truist Financial upped their target price on shares of Leidos from $135.00 to $150.00 and gave the company a buy rating in a report on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $132.42.

Leidos Price Performance

NYSE LDOS traded up $8.60 on Tuesday, reaching $140.22. The company had a trading volume of 3,639,797 shares, compared to its average volume of 866,493. 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 stock has a market capitalization of $18.95 billion, a PE ratio of 92.69, a price-to-earnings-growth ratio of 1.80 and a beta of 0.70. The firm's 50 day moving average price is $127.74 and its 200 day moving average price is $114.22. Leidos has a 12 month low of $76.58 and a 12 month high of $140.91.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.59. Leidos had a net margin of 1.29% and a return on equity of 22.92%. The business had revenue of $3.98 billion during the quarter, compared to analysts' expectations of $3.82 billion. During the same period last year, the company posted $1.47 EPS. The business's revenue was up 7.5% on a year-over-year basis. As a group, equities analysts predict that Leidos will post 7.77 earnings per share for the current year.

Leidos Dividend Announcement

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

Insiders Place Their Bets

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

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.