Leidos (NYSE:LDOS) Issues FY21 Earnings Guidance

Leidos (NYSE:LDOS) issued an update on its FY21 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $6.35-$6.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.38. The company issued revenue guidance of $13.7-$14.1 billion, compared to the consensus revenue estimate of $13.87 billion.Leidos also updated its FY 2021 guidance to 6.350-6.650 EPS.

NYSE LDOS traded up $1.10 during trading on Tuesday, hitting $104.80. The company’s stock had a trading volume of 1,198,027 shares, compared to its average volume of 937,750. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.94 and a quick ratio of 0.86. Leidos has a fifty-two week low of $79.15 and a fifty-two week high of $113.75. The company has a market cap of $14.88 billion, a PE ratio of 24.66, a P/E/G ratio of 1.52 and a beta of 1.05. The business’s 50 day simple moving average is $98.73 and its 200-day simple moving average is $99.71.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, May 4th. The aerospace company reported $1.73 EPS for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.25. The business had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Leidos had a return on equity of 23.45% and a net margin of 5.10%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.19 earnings per share. Analysts expect that Leidos will post 5.81 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Tuesday, June 15th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Monday, June 14th. Leidos’s payout ratio is 26.31%.

Several analysts recently commented on the company. Morgan Stanley dropped their price target on Leidos from $113.00 to $105.00 and set an equal weight rating for the company in a research report on Tuesday, March 16th. The Goldman Sachs Group upgraded Leidos from a neutral rating to a buy rating and boosted their price target for the stock from $111.00 to $116.00 in a research report on Monday, April 5th. Argus dropped their price target on Leidos from $110.00 to $100.00 and set a buy rating for the company in a research report on Monday, March 8th. Credit Suisse Group lowered their price objective on Leidos from $137.00 to $118.00 and set an outperform rating on the stock in a research note on Tuesday, March 2nd. Finally, Bank of America boosted their price objective on Leidos from $120.00 to $125.00 and gave the stock a buy rating in a research note on Tuesday, March 9th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Leidos presently has an average rating of Buy and a consensus price target of $116.30.

Leidos Company Profile

Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It 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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Earnings History and Estimates for Leidos (NYSE:LDOS)

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