Leonardo DRS (NASDAQ:DRS) Releases FY 2024 Earnings Guidance

Leonardo DRS (NASDAQ:DRS) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.880-0.910 for the period, compared to the consensus estimate of 0.860. The company issued revenue guidance of $3.2 billion-$3.2 billion, compared to the consensus revenue estimate of $3.1 billion. Leonardo DRS also updated its FY 2025 guidance to EPS.

Leonardo DRS Price Performance

Leonardo DRS stock opened at $30.72 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.01 and a debt-to-equity ratio of 0.15. Leonardo DRS has a 52-week low of $17.97 and a 52-week high of $33.29. The firm has a market cap of $8.10 billion, a PE ratio of 41.51, a price-to-earnings-growth ratio of 2.05 and a beta of 0.96. The company’s 50 day moving average is $28.48 and its two-hundred day moving average is $26.23.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04. The business had revenue of $812.00 million for the quarter, compared to analysts’ expectations of $775.44 million. Leonardo DRS had a return on equity of 9.82% and a net margin of 6.23%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the firm earned $0.20 earnings per share. On average, research analysts expect that Leonardo DRS will post 0.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Robert W. Baird boosted their price objective on Leonardo DRS from $30.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday. Bank of America cut shares of Leonardo DRS from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $26.00 to $30.00 in a report on Tuesday, September 24th. BTIG Research lifted their price objective on shares of Leonardo DRS from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Truist Financial increased their target price on Leonardo DRS from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Leonardo DRS currently has an average rating of “Moderate Buy” and an average target price of $30.83.

Leonardo DRS Company Profile

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.