FY2024 Earnings Estimate for Leidos Issued By Zacks Research

Leidos Holdings, Inc. (NYSE:LDOS) – Stock analysts at Zacks Research lifted their FY2024 earnings estimates for Leidos in a research report issued on Tuesday, November 19th. Zacks Research analyst A. Dutta now forecasts that the aerospace company will post earnings per share of $9.86 for the year, up from their previous forecast of $8.86. The consensus estimate for Leidos’ current full-year earnings is $10.04 per share. Zacks Research also issued estimates for Leidos’ Q1 2026 earnings at $2.28 EPS, Q3 2026 earnings at $2.59 EPS and FY2026 earnings at $10.20 EPS.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the prior year, the company earned $2.03 EPS. The business’s revenue was up 6.9% compared to the same quarter last year.

A number of other analysts have also recently commented on LDOS. Bank of America boosted their price target on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group lifted their price target on shares of Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Truist Financial cut their target price on shares of Leidos from $205.00 to $185.00 and set a “buy” rating for the company in a research note on Friday. Robert W. Baird upped their price objective on Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, TD Cowen upped their target price on shares of Leidos from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Two equities 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $189.69.

Leidos Price Performance

LDOS opened at $165.51 on Friday. Leidos has a 12-month low of $105.52 and a 12-month high of $202.90. The company has a market cap of $22.08 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 1.11 and a beta of 0.68. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. The stock has a fifty day simple moving average of $170.36 and a two-hundred day simple moving average of $156.24.

Leidos Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. This is an increase from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, December 16th. Leidos’s dividend payout ratio is presently 17.31%.

Insider Activity at Leidos

In related news, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total value of $535,777.56. Following the transaction, the director now owns 20,001 shares of the company’s stock, valued at $3,899,594.97. This represents a 12.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Noel B. Geer bought 2,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were purchased at an average cost of $161.13 per share, with a total value of $322,260.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $322,260. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.96% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Ballentine Partners LLC boosted its stake in shares of Leidos by 3.5% during the third quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock valued at $297,000 after purchasing an additional 62 shares in the last quarter. Key Financial Inc increased its holdings in shares of Leidos by 6.5% in the 2nd quarter. Key Financial Inc now owns 1,141 shares of the aerospace company’s stock valued at $166,000 after acquiring an additional 70 shares during the period. Asahi Life Asset Management CO. LTD. raised its position in shares of Leidos by 3.2% in the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock worth $372,000 after acquiring an additional 70 shares in the last quarter. Somerset Trust Co lifted its stake in shares of Leidos by 3.5% during the 3rd quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company’s stock worth $396,000 after purchasing an additional 83 shares during the last quarter. Finally, Apella Capital LLC lifted its stake in shares of Leidos by 0.8% during the 3rd quarter. Apella Capital LLC now owns 11,366 shares of the aerospace company’s stock worth $1,878,000 after purchasing an additional 89 shares during the last quarter. Hedge funds and other institutional investors 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.