Somewhat Positive News Coverage Somewhat Unlikely to Impact Leidos (LDOS) Share Price

News stories about Leidos (NYSE:LDOS) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Leidos earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned media coverage about the aerospace company an impact score of 46.5397420570758 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:

Shares of Leidos stock traded down $0.72 during midday trading on Thursday, reaching $66.83. 33,562 shares of the company’s stock traded hands, compared to its average volume of 960,792. 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 has a 1-year low of $49.84 and a 1-year high of $70.11. The company has a market cap of $10,235.63, a price-to-earnings ratio of 28.38, a PEG ratio of 1.61 and a beta of 1.71.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Thursday, February 22nd. The aerospace company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.04. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. Leidos had a net margin of 3.60% and a return on equity of 17.47%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 EPS. research analysts expect that Leidos will post 4.41 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.92%. Leidos’s payout ratio is 53.78%.

Leidos declared that its Board of Directors has initiated a stock buyback program on Thursday, February 22nd that allows the company to repurchase 20,000,000 shares. This repurchase authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

A number of equities research analysts have recently issued reports on LDOS shares. Zacks Investment Research raised shares of Leidos from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Wednesday, February 28th. Citigroup upped their price objective on shares of Leidos from $71.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Jefferies Group upped their price objective on shares of Leidos from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. ValuEngine raised shares of Leidos from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Cowen reissued a “buy” rating and set a $72.00 price target on shares of Leidos in a research report on Tuesday, December 19th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $72.33.

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Leidos Company Profile

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.

Insider Buying and Selling by Quarter for Leidos (NYSE:LDOS)

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