Leidos (NYSE:LDOS) Updates FY 2024 Earnings Guidance

01 Nov 2024, 16:15 by Sarita Garza · The Markets Daily

Leidos (NYSE:LDOS – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 9.800-10.000 for the period, compared to the consensus earnings per share estimate of 9.080. The company issued revenue guidance of $16.4 billion-$16.5 billion, compared to the consensus revenue estimate of $16.3 billion. Leidos also updated its FY24 guidance to $9.80-10.00 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barclays boosted their target price on Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Bank of America upped their price objective on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Citigroup upped their price objective on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday. Robert W. Baird upped their price objective on Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $187.77.

View Our Latest Analysis on Leidos

Leidos Price Performance

NYSE:LDOS traded up $1.15 during trading hours on Friday, reaching $184.31. 356,326 shares of the company were exchanged, compared to its average volume of 853,407. The company has a market capitalization of $24.59 billion, a P/E ratio of 20.86, a P/E/G ratio of 1.50 and a beta of 0.70. Leidos has a 1-year low of $100.17 and a 1-year high of $188.36. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.11. The business has a 50 day moving average of $162.48 and a 200 day moving average of $150.78.

Leidos (NYSE:LDOS – Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.97. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.03 earnings per share. Research analysts forecast that Leidos will post 9.9 EPS for the current year.

Leidos Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. This is an increase from Leidos’s previous quarterly dividend of $0.38. Leidos’s dividend payout ratio is currently 17.31%.

Insider Buying and Selling

In other Leidos news, Director Gary Stephen May sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total value of $144,020.00. Following the sale, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.96% of the stock is currently owned by company insiders.

About Leidos

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