Leonardo DRS (NASDAQ:DRS) Issues Quarterly Earnings Results

Leonardo DRS (NASDAQ:DRS) posted its quarterly earnings results on Thursday. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02, Zacks reports. Leonardo DRS had a return on equity of 9.71% and a net margin of 6.23%. Leonardo DRS updated its FY 2025 guidance to 1.020-1.080 EPS.

Leonardo DRS Trading Up 3.1 %

DRS traded up $0.91 during trading on Thursday, reaching $30.45. The company had a trading volume of 429,966 shares, compared to its average volume of 606,322. The stock has a market cap of $8.05 billion, a P/E ratio of 41.18, a PEG ratio of 1.30 and a beta of 1.01. The business has a 50 day simple moving average of $33.73 and a 200-day simple moving average of $31.49. Leonardo DRS has a 52 week low of $19.88 and a 52 week 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.

Leonardo DRS Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.18%.

Insider Buying and Selling

In other Leonardo DRS news, COO John Baylouny sold 3,529 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $34.81, for a total value of $122,844.49. Following the sale, the chief operating officer now owns 74,805 shares in the company, valued at $2,603,962.05. This trade represents a 4.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eric Salzman sold 3,477 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $34.59, for a total value of $120,269.43. Following the completion of the sale, the director now owns 13,262 shares in the company, valued at approximately $458,732.58. The trade was a 20.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 150,089 shares of company stock worth $5,178,619 over the last three months. 0.12% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Robert W. Baird upped their price target on Leonardo DRS from $30.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. increased their target price on Leonardo DRS from $29.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, Truist Financial increased their target price on Leonardo DRS from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Leonardo DRS currently has a consensus rating of “Moderate Buy” and an average price target of $33.00.

Leonardo DRS Company Profile

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.