Wall Street brokerages forecast that Leidos (NYSE:LDOS) will report $1.03 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Leidos’ earnings, with the highest EPS estimate coming in at $1.10 and the lowest estimate coming in at $0.93. Leidos posted earnings of $0.88 per share in the same quarter last year, which would suggest a positive year over year growth rate of 17%. The company is scheduled to report its next quarterly earnings results before the market opens on Thursday, May 3rd.
On average, analysts expect that Leidos will report full year earnings of $4.41 per share for the current financial year, with EPS estimates ranging from $4.33 to $4.50. For the next financial year, analysts forecast that the firm will report earnings of $4.80 per share, with EPS estimates ranging from $4.60 to $5.05. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Leidos.
Leidos (NYSE:LDOS) last released its quarterly earnings results on Thursday, February 22nd. The aerospace company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. Leidos had a net margin of 3.60% and a return on equity of 17.47%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS.
Several equities research analysts recently weighed in on the stock. Credit Suisse Group reaffirmed an “outperform” rating and set a $81.00 target price (up from $79.00) on shares of Leidos in a research note on Friday, February 23rd. Zacks Investment Research raised shares of Leidos from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research note on Wednesday, February 28th. ValuEngine raised shares of Leidos from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Cowen reaffirmed a “buy” rating and set a $72.00 target price on shares of Leidos in a research note on Tuesday, December 19th. Finally, Jefferies Group upped their target price on shares of Leidos from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Leidos presently has a consensus rating of “Buy” and an average target price of $72.33.
A hedge fund recently raised its stake in Leidos stock. Cambridge Investment Research Advisors Inc. boosted its position in shares of Leidos (NYSE:LDOS) by 89.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,566 shares of the aerospace company’s stock after acquiring an additional 7,352 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Leidos were worth $1,005,000 as of its most recent SEC filing. 73.07% of the stock is owned by hedge funds and other institutional investors.
LDOS traded down $0.46 during trading hours on Friday, hitting $65.23. 1,115,822 shares of the company’s stock were exchanged, compared to its average volume of 953,903. Leidos has a 12-month low of $50.54 and a 12-month high of $70.11. The company has a market cap of $9,853.95, a P/E ratio of 17.53, a PEG ratio of 1.55 and a beta of 1.61. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.90.
Leidos declared that its board has approved a stock repurchase program on Thursday, February 22nd that permits the company to buyback 20,000,000 shares. This buyback authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Thursday, March 15th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.96%. The ex-dividend date was Wednesday, March 14th. Leidos’s dividend payout ratio (DPR) is presently 34.41%.
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Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets primarily in the United States. The company 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.
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