Analysts Anticipate Leidos Holdings Inc (NYSE:LDOS) Will Post Quarterly Sales of $2.74 Billion

Equities analysts expect that Leidos Holdings Inc (NYSE:LDOS) will report sales of $2.74 billion for the current quarter, according to Zacks. Five analysts have provided estimates for Leidos’ earnings. The highest sales estimate is $2.77 billion and the lowest is $2.71 billion. Leidos reported sales of $2.58 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.2%. The business is scheduled to report its next quarterly earnings results before the market opens on Tuesday, October 29th.

According to Zacks, analysts expect that Leidos will report full year sales of $10.82 billion for the current fiscal year, with estimates ranging from $10.78 billion to $10.89 billion. For the next financial year, analysts anticipate that the business will report sales of $11.29 billion, with estimates ranging from $11.11 billion to $11.52 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Leidos.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, July 30th. The aerospace company reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.06. Leidos had a net margin of 6.27% and a return on equity of 20.11%. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period in the previous year, the firm posted $1.12 EPS. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year.

LDOS has been the topic of a number of recent analyst reports. Barclays initiated coverage on shares of Leidos in a research report on Friday, September 20th. They issued an “equal weight” rating and a $97.00 price target on the stock. SunTrust Banks boosted their price target on shares of Leidos to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Zacks Investment Research upgraded shares of Leidos from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Tuesday, September 17th. Morgan Stanley boosted their price target on shares of Leidos from $75.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 21st. Finally, Citigroup downgraded shares of Leidos from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $75.00 to $83.00 in a research report on Tuesday, July 9th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Leidos currently has a consensus rating of “Buy” and a consensus price target of $85.33.

In related news, Director Gary Stephen May sold 500 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $84.57, for a total transaction of $42,285.00. Following the transaction, the director now owns 9,166 shares in the company, valued at approximately $775,168.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.17% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in LDOS. CWM LLC lifted its position in shares of Leidos by 66.0% during the 2nd quarter. CWM LLC now owns 332 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 132 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of Leidos during the 2nd quarter valued at $27,000. TRUE Private Wealth Advisors acquired a new position in Leidos during the second quarter worth $68,000. Skandinaviska Enskilda Banken AB publ acquired a new position in Leidos during the second quarter worth $88,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in Leidos during the second quarter worth $97,000. Institutional investors own 74.66% of the company’s stock.

LDOS traded up $0.63 during trading on Thursday, reaching $83.63. 2,884,034 shares of the company’s stock were exchanged, compared to its average volume of 1,184,596. The stock has a market capitalization of $11.94 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 2.34 and a beta of 1.52. Leidos has a one year low of $50.33 and a one year high of $89.00. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.96. The firm has a fifty day moving average price of $85.65 and a two-hundred day moving average price of $77.46.

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.34 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.63%. This is an increase from Leidos’s previous quarterly dividend of $0.32. Leidos’s payout ratio is 31.05%.

About Leidos

Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It 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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Earnings History and Estimates for Leidos (NYSE:LDOS)

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