Leonardo DRS (NASDAQ:DRS) Updates FY 2025 Earnings Guidance

Leonardo DRS (NASDAQ:DRS) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.020-1.080 for the period, compared to the consensus earnings per share estimate of 1.060. The company issued revenue guidance of $3.4 billion-$3.5 billion, compared to the consensus revenue estimate of $3.4 billion.

Leonardo DRS Trading Up 3.9 %

Shares of DRS traded up $1.15 during trading hours on Thursday, reaching $30.69. 592,704 shares of the company traded hands, compared to its average volume of 612,574. Leonardo DRS has a 12 month low of $19.88 and a 12 month high of $37.99. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. The company’s fifty day moving average price is $33.73 and its two-hundred day moving average price is $31.49. The company has a market capitalization of $8.11 billion, a price-to-earnings ratio of 41.44, a price-to-earnings-growth ratio of 1.30 and a beta of 1.01.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.36 by $0.02. Leonardo DRS had a net margin of 6.23% and a return on equity of 9.71%. Equities research analysts predict that Leonardo DRS will post 0.92 earnings per share for the current fiscal year.

Leonardo DRS Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.17%.

Analysts Set New Price Targets

DRS has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on shares of Leonardo DRS from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Robert W. Baird upped their target price on shares of Leonardo DRS from $30.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Truist Financial upped their target price on shares of Leonardo DRS from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Leonardo DRS presently has a consensus rating of “Moderate Buy” and an average price target of $33.00.

Insider Activity

In other news, SVP Pamela Morrow sold 11,100 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $34.81, for a total transaction of $386,391.00. Following the completion of the transaction, the senior vice president now directly owns 12,565 shares of the company’s stock, valued at $437,387.65. The trade was a 46.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric Salzman sold 3,477 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $34.59, for a total transaction of $120,269.43. Following the sale, the director now directly owns 13,262 shares of the company’s stock, valued at approximately $458,732.58. This represents a 20.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 150,089 shares of company stock valued at $5,178,619 over the last three months. Insiders own 0.12% of the company’s stock.

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.