Leidos (NYSE:LDOS) Updates FY 2024 Earnings Guidance

Leidos (NYSE:LDOS) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 8.400-8.800 for the period, compared to the consensus earnings per share estimate of 7.850. The company issued revenue guidance of $16.0 billion-$16.4 billion, compared to the consensus revenue estimate of $16.0 billion. Leidos also updated its FY24 guidance to $8.40-8.80 EPS.

Analyst Upgrades and Downgrades

LDOS has been the topic of several analyst reports. Barclays raised shares of Leidos from an equal weight rating to an overweight rating in a report on Friday, January 5th. Wells Fargo & Company lifted their target price on Leidos from $137.00 to $147.00 and gave the stock an overweight rating in a report on Thursday, April 4th. TheStreet upgraded shares of Leidos from a c rating to a b rating in a research report on Tuesday, February 13th. Jefferies Financial Group boosted their price target on Leidos from $130.00 to $135.00 and gave the company a hold rating in a report on Wednesday, April 10th. Finally, Royal Bank of Canada upped their price target on shares of Leidos from $105.00 to $120.00 and gave the stock a sector perform rating in a research report on Wednesday, February 14th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $132.42.

Leidos Trading Up 3.5 %

LDOS stock traded up $4.64 during trading on Tuesday, reaching $136.26. 1,165,105 shares of the stock were exchanged, compared to its average volume of 836,111. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $18.41 billion, a price-to-earnings ratio of 92.69, a P/E/G ratio of 1.80 and a beta of 0.70. The business has a 50 day moving average price of $127.74 and a 200-day moving average price of $114.22. Leidos has a 1 year low of $76.58 and a 1 year high of $140.91.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.59. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Leidos had a return on equity of 22.92% and a net margin of 1.29%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.47 earnings per share. On average, research analysts predict that Leidos will post 7.77 earnings per share for the current year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.38 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.52 annualized dividend and a yield of 1.12%. Leidos’s dividend payout ratio (DPR) is currently 107.04%.

Insiders Place Their Bets

In other news, Director Gary Stephen May sold 2,745 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total value of $341,725.05. Following the transaction, the director now directly owns 11,352 shares in the company, valued at approximately $1,413,210.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Gary Stephen May sold 2,745 shares of Leidos stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total value of $341,725.05. Following the completion of the transaction, the director now owns 11,352 shares in the company, valued at $1,413,210.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David G. Fubini sold 7,874 shares of Leidos stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total value of $1,007,005.86. Following the completion of the transaction, the director now owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Leidos Company Profile

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. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.