Leonardo DRS (DRS) Set to Announce Earnings on Tuesday

Leonardo DRS (NASDAQ:DRS) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, July 30th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Leonardo DRS has set its FY24 guidance at $0.74-$0.82 EPS and its FY 2024 guidance at 0.740-0.820 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Leonardo DRS (NASDAQ:DRS) last announced its earnings results on Wednesday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $688.00 million during the quarter, compared to analyst estimates of $645.56 million. Leonardo DRS had a net margin of 6.28% and a return on equity of 9.35%. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 earnings per share. On average, analysts expect Leonardo DRS to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Leonardo DRS Stock Performance

Shares of NASDAQ DRS opened at $28.50 on Monday. The firm has a 50 day moving average of $25.56 and a 200 day moving average of $22.73. The company has a current ratio of 1.96, a quick ratio of 1.59 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 40.71, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. Leonardo DRS has a 12-month low of $15.75 and a 12-month high of $29.64.

Analyst Ratings Changes

Several equities analysts have weighed in on DRS shares. Morgan Stanley started coverage on shares of Leonardo DRS in a report on Friday, May 24th. They set an “equal weight” rating and a $26.00 price target on the stock. Truist Financial lifted their price target on shares of Leonardo DRS from $27.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, BTIG Research started coverage on shares of Leonardo DRS in a report on Wednesday, June 26th. They set a “buy” rating and a $30.00 price target on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.20.

About Leonardo DRS

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.