Brokerages predict that Leidos Holdings, Inc. (NYSE:LDOS) will report $2.57 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Leidos Holdings’ earnings. The highest sales estimate is $2.60 billion and the lowest is $2.53 billion. Leidos Holdings reported sales of $2.58 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 0.4%. The firm is scheduled to announce its next earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that Leidos Holdings will report full-year sales of $2.57 billion for the current financial year, with estimates ranging from $10.18 billion to $10.25 billion. For the next year, analysts forecast that the company will report sales of $10.55 billion per share, with estimates ranging from $10.47 billion to $10.60 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Leidos Holdings.
Leidos Holdings (NYSE:LDOS) last announced its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.14. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.55 billion. Leidos Holdings had a return on equity of 17.20% and a net margin of 3.04%. The business’s revenue was up 34.0% compared to the same quarter last year. During the same period last year, the business posted $1.25 EPS.
A number of research analysts have commented on the company. Zacks Investment Research upgraded Leidos Holdings from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Friday, November 3rd. Citigroup Inc. upped their price objective on Leidos Holdings from $65.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Cowen and Company reaffirmed a “buy” rating and set a $68.00 price objective on shares of Leidos Holdings in a research report on Thursday, November 2nd. Wells Fargo & Company raised Leidos Holdings from a “market perform” rating to an “outperform” rating and set a $69.00 target price on the stock in a report on Wednesday, October 25th. Finally, BidaskClub lowered Leidos Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $66.18.
Leidos Holdings (NYSE LDOS) traded down $0.24 during trading on Friday, hitting $61.63. The stock had a trading volume of 555,700 shares, compared to its average volume of 943,392. Leidos Holdings has a 52-week low of $46.58 and a 52-week high of $64.20. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.27 and a quick ratio of 1.03. The firm has a market cap of $9,359.85, a PE ratio of 17.09, a price-to-earnings-growth ratio of 1.68 and a beta of 1.69.
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In other news, VP Jerald S. Howe, Jr. bought 2,000 shares of Leidos Holdings stock in a transaction on Monday, August 21st. The stock was purchased at an average cost of $55.32 per share, with a total value of $110,640.00. Following the purchase, the vice president now directly owns 2,000 shares of the company’s stock, valued at approximately $110,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gary Stephen May sold 800 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $55.75, for a total transaction of $44,600.00. Following the transaction, the director now directly owns 6,680 shares of the company’s stock, valued at $372,410. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Leidos Holdings by 73.3% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 21,586 shares of the aerospace company’s stock worth $1,116,000 after buying an additional 9,129 shares during the period. Bangor Savings Bank bought a new stake in Leidos Holdings in the 2nd quarter valued at $1,251,000. Public Employees Retirement System of Ohio boosted its holdings in Leidos Holdings by 9.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 58,572 shares of the aerospace company’s stock valued at $3,028,000 after purchasing an additional 4,990 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of Leidos Holdings by 2.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 42,937 shares of the aerospace company’s stock valued at $2,219,000 after buying an additional 831 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in Leidos Holdings by 1.5% in the 2nd quarter. California State Teachers Retirement System now owns 270,249 shares of the aerospace company’s stock valued at $13,969,000 after acquiring an additional 4,052 shares in the last quarter. Institutional investors and hedge funds own 73.10% of the company’s stock.
About Leidos Holdings
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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