Leidos (NYSE:LDOS) Releases FY24 Earnings Guidance

Leidos (NYSE:LDOS) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $8.40-8.80 for the period, compared to the consensus 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 Trading Down 0.0 %

Shares of NYSE:LDOS traded down $0.07 during mid-day trading on Thursday, hitting $142.12. The stock had a trading volume of 512,013 shares, compared to its average volume of 875,562. The company’s 50 day moving average is $128.44 and its 200-day moving average is $114.73. The company has a market cap of $19.20 billion, a PE ratio of 61.30, a P/E/G ratio of 1.75 and a beta of 0.66. Leidos has a 12-month low of $76.58 and a 12-month high of $142.90. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.24 and a current ratio of 1.35.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.59. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.82 billion. Leidos had a net margin of 2.04% and a return on equity of 25.66%. Leidos’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.47 earnings per share. On average, sell-side analysts predict that Leidos will post 8.6 EPS for the current year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Friday, June 14th. Leidos’s dividend payout ratio (DPR) is currently 65.52%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Royal Bank of Canada lifted their price objective on shares of Leidos from $120.00 to $140.00 and gave the company a sector perform rating in a research report on Wednesday. StockNews.com downgraded shares of Leidos from a strong-buy rating to a buy rating in a research report on Friday, April 26th. Jefferies Financial Group lifted their price objective on shares of Leidos from $130.00 to $135.00 and gave the company a hold rating in a research report on Wednesday, April 10th. Stifel Nicolaus lifted their price objective on shares of Leidos from $138.00 to $160.00 and gave the company a buy rating in a research report on Wednesday. Finally, Truist Financial reissued a buy rating and issued a $165.00 price objective (up previously from $150.00) on shares of Leidos in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Leidos presently has an average rating of Moderate Buy and an average target price of $141.17.

Insider Transactions at Leidos

In related news, Director David G. Fubini sold 7,874 shares of Leidos stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the completion of the sale, the director now owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director David G. Fubini sold 7,874 shares of Leidos stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 owns 11,352 shares in the company, valued at approximately $1,413,210.48. 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.