Leidos Holdings, Inc. (NYSE:LDOS – Get Free Report) declared a quarterly dividend on Friday, July 31st. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.43 per share by the aerospace company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, September 15th.
Leidos has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Leidos has a payout ratio of 14.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Leidos to earn $12.62 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 13.6%.
Leidos Stock Down 0.5%
Shares of Leidos stock traded down $0.63 on Friday, hitting $128.92. The company had a trading volume of 1,226,374 shares, compared to its average volume of 1,085,278. The stock has a 50-day moving average of $125.65 and a 200-day moving average of $136.33. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.63 and a quick ratio of 1.60. Leidos has a twelve month low of $98.86 and a twelve month high of $205.77. The firm has a market capitalization of $16.18 billion, a P/E ratio of 12.03, a P/E/G ratio of 1.44 and a beta of 0.56.
Analysts Set New Price Targets
LDOS has been the subject of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Leidos in a research report on Friday, September 4th. BNP Paribas Exane lifted their target price on Leidos from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. TD Cowen reaffirmed a “hold” rating and set a $135.00 price target on shares of Leidos in a research report on Tuesday, September 8th. Citigroup raised their price target on shares of Leidos from $138.00 to $161.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Finally, UBS Group lifted their price objective on shares of Leidos from $124.00 to $138.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $162.93.
Check Out Our Latest Report on LDOS
Leidos Company Profile
Leidos Holdings, Inc (NYSE: LDOS) is a technology, engineering and services company that supports government and commercial customers in the defense, intelligence, civil and health markets. The company provides mission-critical solutions involving information technology, cybersecurity, data analytics, artificial intelligence, systems integration, engineering and scientific research.
Its defense and intelligence activities include command-and-control systems, mission software, surveillance and reconnaissance solutions, logistics, aircraft and weapons systems support, and national security services.
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