Leidos Holdings, Inc. Plans Quarterly Dividend of $0.38 (NYSE:LDOS)

Leidos Holdings, Inc. (NYSE:LDOS) declared a quarterly dividend on Friday, July 26th, RTT News reports. Stockholders of record on Friday, September 13th will be given a dividend of 0.38 per share by the aerospace company on Friday, September 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, September 13th.

Leidos has increased its dividend payment by an average of 2.4% annually over the last three years. Leidos has a dividend payout ratio of 15.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Leidos to earn $9.36 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 16.2%.

Leidos Trading Down 1.1 %

Leidos stock opened at $152.33 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11. The company has a market capitalization of $20.52 billion, a price-to-earnings ratio of 65.66, a PEG ratio of 1.36 and a beta of 0.69. Leidos has a one year low of $89.22 and a one year high of $159.10. The company’s fifty day moving average price is $150.15 and its two-hundred day moving average price is $141.65.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.27 by $0.36. The firm had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.80 earnings per share. On average, analysts forecast that Leidos will post 8.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Leidos news, CEO Thomas Arthur Bell acquired 1,712 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was purchased at an average price of $145.04 per share, for a total transaction of $248,308.48. Following the transaction, the chief executive officer now owns 22,398 shares in the company, valued at approximately $3,248,605.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $145.23, for a total value of $153,798.57. Following the transaction, the director now owns 7,455 shares of the company’s stock, valued at approximately $1,082,689.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas Arthur Bell bought 1,712 shares of Leidos stock in a transaction dated Thursday, August 1st. The stock was acquired at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the purchase, the chief executive officer now directly owns 22,398 shares in the company, valued at approximately $3,248,605.92. The disclosure for this purchase can be found here. 0.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Bank of America raised their price target on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Wells Fargo & Company raised their price target on Leidos from $168.00 to $172.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Barclays raised their price target on Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. raised their price target on Leidos from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, TD Cowen raised their price target on Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Leidos has an average rating of “Moderate Buy” and a consensus target price of $163.08.

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.