Brokerages Expect Leidos Holdings Inc (LDOS) Will Announce Quarterly Sales of $2.67 Billion

Wall Street analysts forecast that Leidos Holdings Inc (NYSE:LDOS) will report sales of $2.67 billion for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Leidos’ earnings, with estimates ranging from $2.65 billion to $2.70 billion. Leidos reported sales of $2.52 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 6%. The company is scheduled to report its next earnings report on Thursday, February 28th.

According to Zacks, analysts expect that Leidos will report full-year sales of $10.21 billion for the current year, with estimates ranging from $10.19 billion to $10.25 billion. For the next year, analysts expect that the company will post sales of $10.63 billion, with estimates ranging from $10.55 billion to $10.81 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Leidos.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Thursday, October 25th. The aerospace company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.04. Leidos had a return on equity of 18.67% and a net margin of 5.04%. The company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.64 billion.

A number of research analysts have recently commented on the company. Zacks Investment Research raised Leidos from a “sell” rating to a “hold” rating in a report on Friday, July 27th. Argus lowered their price objective on Leidos from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Cowen reissued a “buy” rating and set a $77.00 price objective on shares of Leidos in a report on Wednesday, October 17th. Finally, ValuEngine raised Leidos from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Leidos currently has a consensus rating of “Buy” and a consensus price target of $77.29.

Shares of NYSE LDOS traded down $0.14 during mid-day trading on Friday, reaching $62.90. 182,700 shares of the company traded hands, compared to its average volume of 971,522. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.38. The firm has a market cap of $9.44 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 1.45 and a beta of 1.61. Leidos has a fifty-two week low of $57.50 and a fifty-two week high of $72.30.

Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC grew its holdings in Leidos by 30.3% in the 2nd quarter. FMR LLC now owns 13,424,963 shares of the aerospace company’s stock valued at $792,073,000 after buying an additional 3,122,237 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Leidos by 4,122.6% in the 3rd quarter. Victory Capital Management Inc. now owns 2,161,817 shares of the aerospace company’s stock valued at $149,511,000 after buying an additional 2,110,621 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in Leidos by 344,305.0% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,725,469 shares of the aerospace company’s stock valued at $101,803,000 after buying an additional 1,724,968 shares during the last quarter. Boston Partners grew its holdings in Leidos by 14.4% in the 2nd quarter. Boston Partners now owns 5,468,842 shares of the aerospace company’s stock valued at $322,662,000 after buying an additional 687,970 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in Leidos by 5.0% in the 3rd quarter. BlackRock Inc. now owns 13,530,994 shares of the aerospace company’s stock valued at $935,803,000 after buying an additional 642,239 shares during the last quarter. 71.98% of the stock is currently owned by institutional investors and hedge funds.

About Leidos

Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets primarily in the United States. The company operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

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