Leidos (NYSE:LDOS) Issues FY 2024 Earnings Guidance

Leidos (NYSE:LDOS) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 9.800-10.000 for the period, compared to the consensus EPS estimate of 9.080. The company issued revenue guidance of $16.4 billion-$16.5 billion, compared to the consensus revenue estimate of $16.3 billion. Leidos also updated its FY24 guidance to $9.80-10.00 EPS.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LDOS. Truist Financial lifted their price objective on Leidos from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Bank of America lifted their target price on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Wells Fargo & Company lifted their target price on Leidos from $172.00 to $183.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Barclays lifted their target price on Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, TD Cowen lifted their target price on Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $166.92.

Leidos Stock Up 8.9 %

NYSE:LDOS traded up $15.04 during mid-day trading on Tuesday, hitting $184.77. 611,970 shares of the company’s stock traded hands, compared to its average volume of 843,306. The company has a fifty day moving average of $160.48 and a 200 day moving average of $149.88. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.21. The company has a market capitalization of $24.89 billion, a P/E ratio of 57.35, a P/E/G ratio of 1.50 and a beta of 0.70. Leidos has a twelve month low of $90.53 and a twelve month high of $184.82.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.36. The business had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.80 earnings per share. On average, analysts forecast that Leidos will post 8.96 EPS for the current year.

Leidos Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.40 dividend. The ex-dividend date is Monday, December 16th. This is a positive change from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. Leidos’s dividend payout ratio is currently 47.65%.

Insider Activity

In related news, CEO Thomas Arthur Bell bought 1,712 shares of the stock in a transaction dated Thursday, August 1st. The shares were purchased at an average price of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the purchase, the chief executive officer now directly owns 22,398 shares of the company’s stock, valued at $3,248,605.92. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Leidos news, CEO Thomas Arthur Bell purchased 1,712 shares of the stock in a transaction on Thursday, August 1st. The shares were bought at an average price of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the transaction, the chief executive officer now owns 22,398 shares of the company’s stock, valued at $3,248,605.92. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert C. Kovarik, Jr. sold 1,059 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $145.23, for a total value of $153,798.57. Following the transaction, the director now owns 7,455 shares in the company, valued at $1,082,689.65. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

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.