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Equities Analysts Set Expectations for Leidos Holdings, Inc.’s FY2018 Earnings (LDOS)

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Leidos Holdings, Inc. (NYSE:LDOS) – Analysts at Jefferies Group cut their FY2018 earnings estimates for Leidos in a research report issued on Monday, Zacks Investment Research reports. Jefferies Group analyst S. Kahyaoglu now expects that the aerospace company will post earnings per share of $3.80 for the year, down from their prior forecast of $3.85. Jefferies Group currently has a “Buy” rating and a $75.00 target price on the stock.

Several other equities research analysts also recently commented on LDOS. BidaskClub downgraded Leidos from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Cowen reissued a “buy” rating and issued a $68.00 price objective on shares of Leidos in a report on Thursday, November 2nd. Zacks Investment Research cut Leidos from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Stifel Nicolaus restated a “hold” rating and issued a $68.00 price target on shares of Leidos in a research note on Tuesday, November 21st. Finally, Wells Fargo & Co upgraded Leidos from a “market perform” rating to an “outperform” rating and set a $69.00 price target on the stock in a research note on Wednesday, October 25th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Leidos currently has an average rating of “Buy” and an average target price of $69.33.

Shares of Leidos (LDOS) opened at $66.60 on Tuesday. The company has a market capitalization of $10,090.00, a P/E ratio of 35.61, a PEG ratio of 1.69 and a beta of 1.66. The company has a quick ratio of 1.03, a current ratio of 1.27 and a debt-to-equity ratio of 0.92. Leidos has a twelve month low of $47.81 and a twelve month high of $67.79.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.81 by $0.14. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.55 billion. Leidos had a return on equity of 17.20% and a net margin of 3.04%. The firm’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.25 EPS.

A number of hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its position in Leidos by 0.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock worth $102,000 after buying an additional 18 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Leidos by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,940 shares of the aerospace company’s stock worth $1,082,000 after buying an additional 75 shares during the period. Seven Eight Capital LP increased its position in Leidos by 1.1% during the 2nd quarter. Seven Eight Capital LP now owns 26,401 shares of the aerospace company’s stock worth $1,365,000 after buying an additional 300 shares during the period. M&T Bank Corp increased its position in Leidos by 5.3% during the 2nd quarter. M&T Bank Corp now owns 6,241 shares of the aerospace company’s stock worth $323,000 after buying an additional 314 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Leidos by 0.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 54,792 shares of the aerospace company’s stock worth $2,831,000 after buying an additional 478 shares during the period. Hedge funds and other institutional investors own 73.47% of the company’s stock.

In related news, Director John P. Jumper sold 61,212 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $64.06, for a total value of $3,921,240.72. Following the sale, the director now owns 306,709 shares in the company, valued at approximately $19,647,778.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

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Leidos Company Profile

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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