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 Stock Up 3.9 %

NYSE LDOS traded up $5.15 during trading hours on Tuesday, hitting $136.77. 479,708 shares of the company traded hands, compared to its average volume of 825,425. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.24 and a current ratio of 1.34. The business’s 50-day moving average is $127.74 and its 200-day moving average is $114.22. The stock has a market capitalization of $18.48 billion, a price-to-earnings ratio of 92.69, a P/E/G ratio of 1.80 and a beta of 0.70. Leidos has a twelve month low of $76.58 and a twelve month high of $140.91.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.59. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.82 billion. Leidos had a net margin of 1.29% and a return on equity of 22.92%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.47 earnings per share. Sell-side analysts anticipate that Leidos will post 7.77 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, June 14th. Leidos’s payout ratio is presently 107.04%.

Analysts Set New Price Targets

Several brokerages have issued reports on LDOS. Bank of America raised their price objective on shares of Leidos from $125.00 to $145.00 and gave the stock a buy rating in a research report on Wednesday, March 27th. TheStreet raised Leidos from a c rating to a b rating in a report on Tuesday, February 13th. Argus increased their price objective on Leidos from $120.00 to $145.00 and gave the stock a buy rating in a research report on Wednesday, March 20th. Royal Bank of Canada boosted their target price on shares of Leidos from $105.00 to $120.00 and gave the company a sector perform rating in a research report on Wednesday, February 14th. Finally, Robert W. Baird upped their price target on shares of Leidos from $133.00 to $145.00 and gave the company an outperform rating in a research note on Wednesday, February 14th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Leidos has a consensus rating of Moderate Buy and a consensus target price of $132.42.

Insiders Place Their Bets

In other Leidos news, Director Gary Stephen May sold 2,745 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total transaction of $341,725.05. Following the completion of the transaction, the director now owns 11,352 shares in the company, valued at approximately $1,413,210.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Gary Stephen May sold 2,745 shares of Leidos stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total value of $341,725.05. Following the completion of the transaction, the director now directly owns 11,352 shares of the company’s stock, valued at approximately $1,413,210.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David G. Fubini sold 7,874 shares of the stock in a transaction that occurred 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 in the company, valued at $1,879,471.44. The disclosure for this sale can be found here. Company 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.