Leidos (NYSE:LDOS) Updates FY 2024 Earnings Guidance

Leidos (NYSE:LDOS) updated its FY 2024 earnings guidance on Tuesday. 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 Price Performance

Shares of NYSE LDOS opened at $131.62 on Tuesday. 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 stock has a fifty day simple moving average of $127.74 and a two-hundred day simple moving average of $114.22. Leidos has a 1-year low of $76.58 and a 1-year high of $132.34. The firm has a market cap of $17.79 billion, a price-to-earnings ratio of 92.69, a price-to-earnings-growth ratio of 1.80 and a beta of 0.70.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, February 13th. The aerospace company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.25. Leidos had a return on equity of 22.92% and a net margin of 1.29%. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter in the prior year, the firm earned $1.83 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Analysts anticipate that Leidos will post 7.77 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Friday, June 14th. Leidos’s dividend payout ratio (DPR) is presently 107.04%.

Analyst Ratings Changes

LDOS has been the topic of a number of analyst reports. Argus boosted their price objective on Leidos from $120.00 to $145.00 and gave the company a buy rating in a research note on Wednesday, March 20th. TheStreet raised Leidos from a c rating to a b rating in a report on Tuesday, February 13th. Truist Financial increased their price objective on Leidos from $135.00 to $150.00 and gave the stock a buy rating in a report on Tuesday, April 9th. StockNews.com cut Leidos from a strong-buy rating to a buy rating in a report on Friday. Finally, Bank of America increased their price objective on Leidos from $125.00 to $145.00 and gave the stock a buy rating in a report on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Leidos presently has an average rating of Moderate Buy and a consensus price target of $132.42.

Insider Activity at Leidos

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

About Leidos

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.