Q3 2024 EPS Estimates for Leidos Holdings, Inc. (NYSE:LDOS) Reduced by Analyst

Leidos Holdings, Inc. (NYSE:LDOS) – Equities researchers at William Blair dropped their Q3 2024 EPS estimates for Leidos in a note issued to investors on Tuesday, July 30th. William Blair analyst L. Dipalma now forecasts that the aerospace company will post earnings per share of $1.82 for the quarter, down from their previous estimate of $2.07. The consensus estimate for Leidos’ current full-year earnings is $8.87 per share.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.36. The firm had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.06 billion. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.80 earnings per share.

Several other equities analysts also recently commented on the company. Barclays increased their price target on Leidos from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, May 6th. Wells Fargo & Company increased their price target on Leidos from $168.00 to $172.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup increased their price target on Leidos from $165.00 to $169.00 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. increased their price target on Leidos from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, StockNews.com upgraded Leidos from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Leidos has a consensus rating of “Moderate Buy” and an average price target of $160.17.

Leidos Price Performance

Shares of LDOS opened at $145.39 on Friday. Leidos has a twelve month low of $89.22 and a twelve month high of $155.45. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.24 and a current ratio of 1.21. The firm’s 50 day moving average price is $147.13 and its 200 day moving average price is $134.62. The firm has a market cap of $19.59 billion, a PE ratio of 62.67, a PEG ratio of 1.48 and a beta of 0.68.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.05%. Leidos’s dividend payout ratio is currently 65.52%.

Insiders Place Their Bets

In other Leidos news, insider Roy E. Stevens sold 875 shares of Leidos stock in a transaction on Friday, May 24th. The stock was sold at an average price of $150.67, for a total transaction of $131,836.25. Following the completion of the transaction, the insider now directly owns 44,149 shares of the company’s stock, valued at $6,651,929.83. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Leidos

Institutional investors and hedge funds have recently made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in Leidos during the 4th quarter worth about $28,000. Lindbrook Capital LLC lifted its position in Leidos by 209.0% during the 4th quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock worth $30,000 after buying an additional 186 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new position in Leidos during the 4th quarter worth about $35,000. Tidemark LLC acquired a new position in Leidos during the 4th quarter worth about $41,000. Finally, Blue Trust Inc. lifted its position in Leidos by 251.3% during the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after buying an additional 201 shares in the last quarter. Institutional investors and hedge funds own 76.12% 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.