Leonardo DRS (DRS) Stock Price, News & Analysis

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Leonardo DRS in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" DRS shares.
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3 Wall Street research analysts have issued twelve-month price targets for Leonardo DRS's stock. Their DRS share price targets range from $24.00 to $26.00. On average, they anticipate the company's share price to reach $25.00 in the next twelve months. This suggests a possible upside of 19.3% from the stock's current price.
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Leonardo DRS's stock was trading at $20.04 at the start of the year. Since then, DRS shares have increased by 4.5% and is now trading at $20.95.
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Leonardo DRS saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 2,500,000 shares, a decline of 13.2% from the March 15th total of 2,880,000 shares. Based on an average daily volume of 665,000 shares, the days-to-cover ratio is currently 3.8 days. Approximately 3.5% of the company's shares are short sold.
View Leonardo DRS's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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Leonardo DRS will be holding an earnings conference call on Wednesday, May 1st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Leonardo DRS, Inc. (NASDAQ:DRS) posted its quarterly earnings data on Tuesday, February, 27th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. The company earned $926 million during the quarter, compared to analysts' expectations of $880.03 million. Leonardo DRS had a net margin of 5.94% and a trailing twelve-month return on equity of 8.72%. The firm's quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share.

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 S&P Aerospace & Defense ETF (XAR), First Trust Indxx Aerospace & Defense ETF (MISL), SPDR Kensho Future Security ETF (FITE), Amplify BlueStar Israel Technology ETF (ITEQ), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) and Gabelli Commercial Aerospace & Defense ETF (GCAD).

Leonardo DRS updated its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share (EPS) guidance of 0.740-0.820 for the period, compared to the consensus estimate of 0.830. The company issued revenue guidance of $2.9 billion-$3.0 billion, compared to the consensus revenue estimate of $3.0 billion.

Leonardo DRS (DRS) raised $670 million in an initial public offering 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 acted as the underwriters for the IPO and Credit Agricole CIB, IMI - Intesa Sanpaolo, MUFG and UniCredit Capital Markets were co-managers.

Leonardo DRS's stock is owned by many different institutional and retail investors. Top institutional shareholders include Oliver Luxxe Assets LLC (0.02%) and Cannon Global Investment Management LLC (0.01%).
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Shares of DRS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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