Shares of Leidos (NYSE:LDOS) have been assigned an average rating of “Buy” from the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $72.13.
A number of equities research analysts recently issued reports on LDOS shares. Stifel Nicolaus reissued a “hold” rating and issued a $68.00 price objective on shares of Leidos in a report on Tuesday, November 21st. Zacks Investment Research lowered shares of Leidos from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Jefferies Group upped their price objective on shares of Leidos from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Cowen reissued a “buy” rating and issued a $72.00 price objective on shares of Leidos in a report on Tuesday, December 19th. Finally, ValuEngine raised shares of Leidos from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.
Leidos (LDOS) traded down $0.56 during trading on Wednesday, hitting $67.15. 770,546 shares of the stock were exchanged, compared to its average volume of 989,420. Leidos has a fifty-two week low of $49.84 and a fifty-two week high of $70.11. The stock has a market capitalization of $10,255.32, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 1.62 and a beta of 1.71. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.21 and a quick ratio of 1.01.
Leidos (NYSE:LDOS) last announced its quarterly earnings data on Thursday, February 22nd. The aerospace company reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.04. Leidos had a net margin of 3.60% and a return on equity of 17.47%. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Leidos’s quarterly revenue was down 2.3% on a year-over-year basis. equities analysts expect that Leidos will post 4.41 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.91%. The ex-dividend date is Wednesday, March 14th. Leidos’s dividend payout ratio (DPR) is presently 53.78%.
Leidos declared that its Board of Directors has authorized a stock buyback program on Thursday, February 22nd that authorizes the company to buyback 20,000,000 shares. This buyback authorization authorizes the aerospace company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
A hedge fund recently raised its stake in Leidos stock. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Leidos (NYSE:LDOS) by 89.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,566 shares of the aerospace company’s stock after buying an additional 7,352 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Leidos were worth $1,005,000 as of its most recent SEC filing. 73.06% of the stock is currently owned by institutional investors.
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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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