Leidos Holdings, Inc. (NYSE:LDOS) Announces Quarterly Dividend of $0.40

Leidos Holdings, Inc. (NYSE:LDOS) declared a quarterly dividend on Friday, October 25th, RTT News reports. Investors of record on Monday, December 16th will be paid a dividend of 0.40 per share by the aerospace company on Tuesday, December 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. This is a boost from Leidos’s previous quarterly dividend of $0.38.

Leidos has increased its dividend by an average of 2.4% per year over the last three years. Leidos has a dividend payout ratio of 15.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Leidos to earn $9.42 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 16.1%.

Leidos Stock Down 0.0 %

Shares of LDOS stock traded down $0.08 on Friday, reaching $168.71. 580,702 shares of the stock were exchanged, compared to its average volume of 844,675. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91. The business’s 50 day moving average price is $159.25 and its 200 day moving average price is $148.85. The company has a market capitalization of $22.73 billion, a price-to-earnings ratio of 52.89, a PEG ratio of 1.49 and a beta of 0.70. Leidos has a twelve month low of $90.30 and a twelve month high of $171.35.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.36. The firm had revenue of $4.13 billion during 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 company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.80 earnings per share. As a group, sell-side analysts expect that Leidos will post 8.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on LDOS shares. Royal Bank of Canada upped their price objective on shares of Leidos from $140.00 to $145.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their price objective on shares of Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Truist Financial upped their price objective on shares of Leidos from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Bank of America upped their price objective on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Barclays upped their price objective on shares of Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $166.92.

Insider Buying and Selling

In related news, Director Gary Stephen May sold 1,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the transaction, the director now directly owns 11,264 shares of the company’s stock, valued at $1,622,241.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Gary Stephen May sold 1,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the transaction, the director now directly owns 11,264 shares of the company’s stock, valued at $1,622,241.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert C. Kovarik, Jr. sold 1,059 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $145.23, for a total transaction of $153,798.57. Following the completion of the transaction, the director now directly owns 7,455 shares of the company’s stock, valued at approximately $1,082,689.65. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently 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.