Leidos (NYSE:LDOS) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Leidos (NYSE:LDOS) released its quarterly earnings results on Tuesday. The aerospace company reported $1.63 EPS for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.02, RTT News reports. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.39 billion. Leidos had a return on equity of 23.45% and a net margin of 5.10%. Leidos’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.51 EPS. Leidos updated its FY 2021
Pre-Market guidance to 6.15-6.45 EPS and its FY21 guidance to $6.15-6.45 EPS.

Shares of LDOS stock traded down $9.77 during trading hours on Tuesday, reaching $94.03. The company had a trading volume of 10,607 shares, compared to its average volume of 755,758. The company has a 50 day moving average of $106.90 and a 200 day moving average of $97.43. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.94 and a quick ratio of 0.86. The firm has a market cap of $13.38 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 1.52 and a beta of 1.05. Leidos has a 1-year low of $68.00 and a 1-year high of $115.36.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 31st. Stockholders of record on Monday, March 15th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Friday, March 12th. Leidos’s dividend payout ratio (DPR) is currently 26.31%.

Separately, Credit Suisse Group increased their price target on Leidos from $120.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 3rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $116.75.

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 for Leidos (NYSE:LDOS)

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