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. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S. Intelligence Community, the Department of Defense, the National Aeronautics and Space Administration, military services, and government agencies of U.S. allies abroad, as well as other federal and commercial customers in the national security industry. Its solutions include technology, large-scale systems, command and control platforms, data analytics, logistics, and cybersecurity solutions, as well as intelligence analysis and operations support services to critical missions. The Civil segment provides systems integration services to air navigation service providers, including the federal aviation administration, the En route automation modernization, advanced technology oceanic procedure, time based flow management, terminal flight data management, geo-7, and future flight services, as well as enterprise-information display systems; and security detection and automation services. It also offers information technology (IT) solutions in cloud computing, mobility, application modernization, DevOps, data center, network modernization, asset management, help desk operations, and digital workplace enablement; and environment, energy, and infrastructure services. The Health segment offers solutions to federal and commercial customers responsible for health and well-being of people worldwide, including health information management, managed health, digital transformation, and life sciences research and development services. Leidos Holdings, Inc. was founded in 1969 and is headquartered in Reston, Virginia.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on LDOS. Wells Fargo & Company reduced their price objective on shares of Leidos from $109.00 to $105.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 3rd. Barclays lowered shares of Leidos from an "overweight" rating to an "equal weight" rating and set a $105.00 price objective for the company. in a report on Tuesday, June 7th. The Goldman Sachs Group upped their price target on shares of Leidos from $118.00 to $132.00 and gave the company a "buy" rating in a report on Thursday, April 14th. Morgan Stanley upped their price target on shares of Leidos from $107.00 to $110.00 and gave the company an "equal weight" rating in a report on Wednesday, August 3rd. Finally, Truist Financial boosted their price objective on shares of Leidos from $108.00 to $120.00 in a research report on Wednesday, May 4th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Leidos currently has a consensus rating of "Moderate Buy" and an average price target of $113.00.
Leidos Trading Down 2.2 %
LDOS Stock opened at $98.35 on Tuesday. The firm has a fifty day moving average price of $100.96 and a 200 day moving average price of $101.09. Leidos has a fifty-two week low of $81.07 and a fifty-two week high of $111.12. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.83 and a current ratio of 0.90. The firm has a market cap of $13.43 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71.
Leidos (NYSE:LDOS - Get Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The aerospace company reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.04. Leidos had a return on equity of 22.18% and a net margin of 5.15%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.52 billion. During the same period last year, the company earned $1.52 earnings per share. Leidos's revenue was up 4.3% on a year-over-year basis. Sell-side analysts anticipate that Leidos will post 6.37 earnings per share for the current fiscal year.
Leidos Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.46%. Leidos's payout ratio is 27.96%.
Insider Transactions at Leidos
In related news, Director Harry M. Jansen Kraemer, Jr. sold 7,274 shares of Leidos stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $103.18, for a total transaction of $750,531.32. Following the completion of the sale, the director now owns 84,277 shares of the company's stock, valued at $8,695,700.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Harry M. Jansen Kraemer, Jr. sold 7,274 shares of the company's stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $103.18, for a total transaction of $750,531.32. Following the completion of the transaction, the director now directly owns 84,277 shares of the company's stock, valued at approximately $8,695,700.86. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider James Robert Moos sold 516 shares of the company's stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $98.56, for a total value of $50,856.96. Following the transaction, the insider now directly owns 21,391 shares of the company's stock, valued at $2,108,296.96. The disclosure for this sale can be found here. Insiders own 1.67% of the company's stock.
