Should I buy or sell Leonardo DRS stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Leonardo DRS in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DRS shares. View DRS analyst ratings or view top-rated stocks .

What is Leonardo DRS's stock price target for 2024?

6 Wall Street research analysts have issued 12 month price objectives for Leonardo DRS's stock. Their DRS share price targets range from $17.00 to $21.00. On average, they expect the company's stock price to reach $18.80 in the next twelve months. This suggests a possible upside of 0.8% from the stock's current price. View analysts price targets for DRS or view top-rated stocks among Wall Street analysts .

How have DRS shares performed in 2023?

Leonardo DRS's stock was trading at $12.78 at the beginning of the year. Since then, DRS shares have increased by 45.9% and is now trading at $18.6450. View the best growth stocks for 2023 here .

Are investors shorting Leonardo DRS?

Leonardo DRS saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 3,320,000 shares, a decline of 35.3% from the October 31st total of 5,130,000 shares. Based on an average daily volume of 974,700 shares, the days-to-cover ratio is presently 3.4 days. Currently, 4.7% of the shares of the stock are sold short. View Leonardo DRS's Short Interest .

When is Leonardo DRS's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 26th 2024. View our DRS earnings forecast .

How were Leonardo DRS's earnings last quarter?

Leonardo DRS, Inc. (NASDAQ:DRS) posted its quarterly earnings data on Thursday, November, 2nd. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.05. The business had revenue of $703 million for the quarter, compared to the consensus estimate of $682.40 million. Leonardo DRS had a trailing twelve-month return on equity of 8.83% and a net margin of 5.85%.

What ETFs hold Leonardo DRS's stock?

ETFs with the largest weight of Leonardo DRS (NASDAQ:DRS) stock in their portfolio include Motley Fool Small-Cap Growth ETF (TMFS) , MFAM Small-Cap Growth ETF (MFMS) , SPDR Kensho Future Security ETF (FITE) , First Trust Indxx Aerospace & Defense ETF (MISL) , Invesco DWA SmallCap Momentum ETF (DWAS) , BlueStar Israel Technology ETF (ITEQ) , Invesco Aerospace & Defense ETF (PPA) and Gabelli Commercial Aerospace & Defense ETF (GCAD) .

What guidance has Leonardo DRS issued on next quarter's earnings?

Leonardo DRS issued an update on its FY23 earnings guidance on Thursday, November, 2nd. The company provided EPS guidance of $0.70-0.72 for the period, compared to the consensus earnings per share estimate of $0.68. The company issued revenue guidance of $2.735-2.785 billion, compared to the consensus revenue estimate of $2.78 billion.

When did Leonardo DRS IPO?

(DRS) raised $670 million in an IPO on Wednesday, March 24th 2021. The company issued 31,900,000 shares at $20.00-$22.00 per share. Goldman Sachs, BofA Securities, J.P.Morgan, Barclays, Citigroup, Credit Suisse and Morgan Stanley served as the underwriters for the IPO and Credit Agricole CIB, IMI - Intesa Sanpaolo, MUFG and UniCredit Capital Markets were co-managers.

Who are Leonardo DRS's major shareholders?

Leonardo DRS's stock is owned by a number of institutional and retail investors. Top institutional investors include Wellington Management Group LLP (1.20%), Invesco Ltd. (1.19%), Boston Partners (0.91%), FMR LLC (0.62%), Brown Advisory Inc. (0.58%) and Loomis Sayles & Co. L P (0.52%). View institutional ownership trends .

How do I buy shares of Leonardo DRS?

Shares of DRS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Leonardo DRS Stock Price, News & Analysis (NASDAQ:DRS)

$18.64

-0.57 (-2.97%)

(As of 12/5/2023 ET)

Compare

Today's Range: $18.56
▼
$19.19
50-Day Range: $16.18
▼
$20.86
52-Week Range: $10.55
▼
$20.95

Volume: 746,386 shs
Average Volume: 768,832 shs
Market Capitalization: $4.89 billion

P/E Ratio: 29.13
Dividend Yield: N/A
Price Target: $18.80

Leonardo DRS MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 0.8% Upside
$18.80 Price Target
Short Interest: Healthy
4.70% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$353.14 M Sold Last Quarter
Proj. Earnings Growth: 13.89%
From $0.72 to $0.82 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.90 out of 5 stars

Aerospace Sector

23rd out of 45 stocks

Search & Navigation Equipment Industry

7th out of 11 stocks

1.5

Analyst's Opinion

Consensus Rating
Leonardo DRS has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $18.80, Leonardo DRS has a forecasted upside of 0.8% from its current price of $18.65.
Amount of Analyst Coverage
Leonardo DRS has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
4.70% of the float of Leonardo DRS has been sold short.
Short Interest Ratio / Days to Cover
Leonardo DRS has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Leonardo DRS has recently decreased by 35.28%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Leonardo DRS does not currently pay a dividend.
Dividend Growth
Leonardo DRS does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for DRS.

3.0

News and Social Media Coverage

News Sentiment
Leonardo DRS has a news sentiment score of 1.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.40 average news sentiment score of Aerospace companies.
Search Interest
Only 5 people have searched for DRS on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
9 people have added Leonardo DRS to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Leonardo DRS insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $353,142,000.00 in company stock.
Percentage Held by Insiders
Only 0.06% of the stock of Leonardo DRS is held by insiders.
Percentage Held by Institutions
Only 18.76% of the stock of Leonardo DRS is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Leonardo DRS are expected to grow by 13.89% in the coming year, from $0.72 to $0.82 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Leonardo DRS is 29.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.93.
Price to Earnings Ratio vs. Sector
The P/E ratio of Leonardo DRS is 29.13, which means that it is trading at a more expensive P/E ratio than the Aerospace sector average P/E ratio of about 18.63.
Price to Earnings Growth Ratio
Leonardo DRS has a PEG Ratio of 3.09. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Leonardo DRS has a P/B Ratio of 2.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Leonardo DRS Stock (NASDAQ:DRS)

Leonardo DRS, Inc., together with its subsidiaries, provides defense electronic products, systems, and military support service. 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. This segment also provides network computing, which is utilized across a range of mission applications including platform computing on ground and shipboard for advanced battle management, combat systems, radar, command and control, tactical networks, tactical computing, and communications. Its IMS segment designs, develops, manufacture, and integrates power conversion, control, and distribution systems, ship propulsion systems, motors and variable frequency drives, force protection systems, transportation, and logistics systems for the U.S. and allied defense customers. This segment also offers naval power and propulsion systems, which includes power conversion, control, distribution, and propulsion systems, as well as power dense permanent magnet motors, energy storage systems and associated efficient, rugged and compact power conversion, electrical actuation systems, and cooling technologies; and motor controllers, instrumentation and control equipment, electrical actuation systems, and thermal management systems. The company was incorporated in 1968 and is based in Arlington, Virginia. Leonardo DRS, Inc. operates as a subsidiary of Leonardo S.p.a.

DRS Stock Price History

30 days | 90 days | 365 days | Advanced Chart

DRS Stock News Headlines

November 28, 2023 | finance.yahoo.com

Leonardo DRS, Inc. (DRS) is on the Move, Here's Why the Trend Could be Sustainable

November 22, 2023 | finance.yahoo.com

This Defense Stock's Biggest Customer Has An $826 Billion Budget

December 6, 2023 | Edge On The Street (Ad)

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November 21, 2023 | markets.businessinsider.com

Strong Q3 Performance and Major Contract Wins Drive Buy Recommendation for Leonardo DRS

November 17, 2023 | msn.com

Leonardo DRS announces pricing of an upsized secondary offering

November 16, 2023 | markets.businessinsider.com

Leonardo DRS Announces Pricing Of Secondary Offering Of 18 Mln Shares At $17.75/shr; Stock Down

November 16, 2023 | marketwatch.com

Leonardo to Sell 6.3% Stake in US-Listed DRS to Fund Investments, Acquisitions

November 15, 2023 | msn.com

Leonardo DRS files to sell 16.5M shares for holders

December 6, 2023 | Edge On The Street (Ad)

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November 13, 2023 | seekingalpha.com

Leonardo DRS: Buy On Upside Or Sell On Aerospace Supply Chain Challenges?

November 13, 2023 | seekingalpha.com

Leonardo DRS: Solid Quarterly Results

November 7, 2023 | msn.com

Recent Price Trend in Leonardo DRS, Inc. (DRS) is Your Friend, Here's Why

November 6, 2023 | msn.com

Leonardo DRS to equip forward observers with JETS II

November 6, 2023 | finance.yahoo.com

Leonardo DRS Awarded More than $134 Million Production Order for Family of Weapon Sights

November 6, 2023 | finance.yahoo.com

Best Momentum Stock to Buy for November 6th

November 5, 2023 | finance.yahoo.com

Leonardo DRS, Inc. (NASDAQ:DRS) Q3 2023 Earnings Call Transcript

November 3, 2023 | finance.yahoo.com

Q3 2023 Leonardo DRS Inc Earnings Call

November 2, 2023 | markets.businessinsider.com

Leonardo DRS Q3 Adj. Profit Rises, Revenues Up 11%; Updates 2023 Guidance

November 2, 2023 | msn.com

Leonardo DRS Non-GAAP EPS of $0.20 beats by $0.04, revenue of $703M beats by $15.99M

November 2, 2023 | finance.yahoo.com

Leonardo DRS Inc (DRS) Reports Q3 2023 Earnings: Revenue Up 11%, Net Earnings at $47 Million

November 1, 2023 | msn.com

Leonardo DRS Q3 2023 Earnings Preview

October 30, 2023 | news.yahoo.com

Leonardo, Elbit units to prototype targeting device for US Army

October 30, 2023 | msn.com

Leonardo DRS awarded contract for prototype next-gen Joint Effects Targeting System II

October 22, 2023 | finance.yahoo.com

3 Under-the-Radar Stocks That Could Make You a Millionaire

October 9, 2023 | news.yahoo.com

Leonardo shows off On Board Vehicle Power system with THAAD launcher

October 9, 2023 | finance.yahoo.com

Leonardo DRS On Board Vehicle Power System Shines in Major U.S. Army Evaluation

October 3, 2023 | businesswire.com

Leonardo DRS to Host Investor Day in New York on March 14, 2024

See More Headlines

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Company Calendar

Last Earnings: 11/02/2023
Today: 12/06/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 3/26/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Search & navigation equipment
Sub-Industry: N/A
Sector: Aerospace
Current Symbol: NASDAQ:DRS
CUSIP: N/A
CIK: 1833756
Web: www.rada.com
Phone: (703) 416-8000
Fax: 972-9885-5885
Employees: 6,400
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $18.80
High Stock Price Target: $21.00
Low Stock Price Target: $17.00
Potential Upside/Downside: +0.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.64
Trailing P/E Ratio: 29.13
Forward P/E Ratio: 25.90
P/E Growth: 3.09
Net Income: $405 million
Net Margins: 5.85%
Pretax Margin: 6.43%
Return on Equity: 8.83%
Return on Assets: 5.21%

Debt

Debt-to-Equity Ratio: 0.16
Current Ratio: 1.83
Quick Ratio: 1.43

Sales & Book Value

Annual Sales: $2.69 billion
Price / Sales: 1.82
Cash Flow: $0.92 per share
Price / Cash Flow: 20.22
Book Value: $8.17 per share
Price / Book: 2.28

Miscellaneous

Outstanding Shares: 262,370,000
Free Float: 262,213,000
Market Cap: $4.89 billion
Optionable: Optionable
Beta: 0.83

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Key Executives

Mr. William J. Lynn III (Age 69)
Chairman & CEO
Comp: $5.17M
Mr. Michael D. Dippold (Age 42)
Executive VP & CFO
Comp: $1.52M
Mr. John A. Baylouny (Age 62)
Executive VP & COO
Comp: $1.78M
Mr. Mark A. Dorfman (Age 49)
Executive VP, General Counsel & Secretary
Comp: $1.21M
Ms. Sally A. Wallace (Age 56)
Executive Vice President of Operations
Comp: $1.19M
Mr. Stephen Vather
Vice President of Investor Relations & Corporate Finance
Dr. Philip Perconti
Chief Technology Officer
Mr. Michael Mount
Vice President of Communications
Mr. Michael Coulter
Senior VP of Corporate Business Development & President of International
Ms. Tami E. Gesiskie
Senior Vice President of Human Resources

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

DRS Stock Analysis - Frequently Asked Questions

Should I buy or sell Leonardo DRS stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Leonardo DRS in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DRS shares.
View DRS analyst ratings or view top-rated stocks.
What is Leonardo DRS's stock price target for 2024?: 6 Wall Street research analysts have issued 12 month price objectives for Leonardo DRS's stock. Their DRS share price targets range from $17.00 to $21.00. On average, they expect the company's stock price to reach $18.80 in the next twelve months. This suggests a possible upside of 0.8% from the stock's current price.
View analysts price targets for DRS or view top-rated stocks among Wall Street analysts.
How have DRS shares performed in 2023?: Leonardo DRS's stock was trading at $12.78 at the beginning of the year. Since then, DRS shares have increased by 45.9% and is now trading at $18.6450.
View the best growth stocks for 2023 here.
Are investors shorting Leonardo DRS?: Leonardo DRS saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 3,320,000 shares, a decline of 35.3% from the October 31st total of 5,130,000 shares. Based on an average daily volume of 974,700 shares, the days-to-cover ratio is presently 3.4 days. Currently, 4.7% of the shares of the stock are sold short.
View Leonardo DRS's Short Interest.
When is Leonardo DRS's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 26th 2024.
View our DRS earnings forecast.
How were Leonardo DRS's earnings last quarter?: Leonardo DRS, Inc. (NASDAQ:DRS) posted its quarterly earnings data on Thursday, November, 2nd. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.05. The business had revenue of $703 million for the quarter, compared to the consensus estimate of $682.40 million. Leonardo DRS had a trailing twelve-month return on equity of 8.83% and a net margin of 5.85%.

What ETFs hold Leonardo DRS's stock?: ETFs with the largest weight of Leonardo DRS (NASDAQ:DRS) stock in their portfolio include Motley Fool Small-Cap Growth ETF (TMFS), MFAM Small-Cap Growth ETF (MFMS), SPDR Kensho Future Security ETF (FITE), First Trust Indxx Aerospace & Defense ETF (MISL), Invesco DWA SmallCap Momentum ETF (DWAS), BlueStar Israel Technology ETF (ITEQ), Invesco Aerospace & Defense ETF (PPA) and Gabelli Commercial Aerospace & Defense ETF (GCAD).
What guidance has Leonardo DRS issued on next quarter's earnings?: Leonardo DRS issued an update on its FY23 earnings guidance on Thursday, November, 2nd. The company provided EPS guidance of $0.70-0.72 for the period, compared to the consensus earnings per share estimate of $0.68. The company issued revenue guidance of $2.735-2.785 billion, compared to the consensus revenue estimate of $2.78 billion.
When did Leonardo DRS IPO?: (DRS) raised $670 million in an IPO on Wednesday, March 24th 2021. The company issued 31,900,000 shares at $20.00-$22.00 per share. Goldman Sachs, BofA Securities, J.P.Morgan, Barclays, Citigroup, Credit Suisse and Morgan Stanley served as the underwriters for the IPO and Credit Agricole CIB, IMI - Intesa Sanpaolo, MUFG and UniCredit Capital Markets were co-managers.
Who are Leonardo DRS's major shareholders?: Leonardo DRS's stock is owned by a number of institutional and retail investors. Top institutional investors include Wellington Management Group LLP (1.20%), Invesco Ltd. (1.19%), Boston Partners (0.91%), FMR LLC (0.62%), Brown Advisory Inc. (0.58%) and Loomis Sayles & Co. L P (0.52%).
View institutional ownership trends.
How do I buy shares of Leonardo DRS?: Shares of DRS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:DRS) was last updated on 12/6/2023 by MarketBeat.com Staff

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