Leidos (NYSE:LDOS) Issues FY24 Earnings Guidance

Leidos (NYSE:LDOS) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $8.40-8.80 for the period, compared to the consensus EPS estimate of $7.85. The company issued revenue guidance of $16.0-16.4 billion, compared to the consensus revenue estimate of $16.02 billion. Leidos also updated its FY 2024 guidance to 8.400-8.800 EPS.

Leidos Price Performance

Shares of NYSE LDOS traded down $1.01 during mid-day trading on Friday, hitting $141.65. 1,311,241 shares of the stock traded hands, compared to its average volume of 894,925. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.35 and a quick ratio of 1.24. Leidos has a twelve month low of $76.58 and a twelve month high of $143.35. The company has a market cap of $19.15 billion, a PE ratio of 61.06, a price-to-earnings-growth ratio of 1.85 and a beta of 0.66. The firm has a 50 day simple moving average of $128.80 and a two-hundred day simple moving average of $114.92.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, topping the consensus estimate of $1.70 by $0.59. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.82 billion. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.47 EPS. As a group, equities research analysts forecast that Leidos will post 8.25 EPS for the current fiscal year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, June 14th. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Barclays raised Leidos from an equal weight rating to an overweight rating in a research report on Friday, January 5th. Jefferies Financial Group boosted their target price on Leidos from $130.00 to $135.00 and gave the stock a hold rating in a research note on Wednesday, April 10th. Argus upped 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. StockNews.com cut shares of Leidos from a strong-buy rating to a buy rating in a report on Friday, April 26th. Finally, TheStreet raised shares of Leidos from a c rating to a b rating in a report on Tuesday, February 13th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $141.17.

Insider Activity at Leidos

In related news, Director David G. Fubini sold 7,874 shares of the stock in a transaction on 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 transaction, the director now owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Leidos news, Director David G. Fubini sold 7,874 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were 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 directly owns 14,696 shares in the company, valued at $1,879,471.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gary Stephen May sold 2,745 shares of the 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 sale, the director now owns 11,352 shares of the company’s stock, valued at $1,413,210.48. The disclosure for this sale can be found here. 0.96% of the stock is owned by 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.