Wall Street brokerages expect Leidos Holdings, Inc. (NYSE:LDOS) to post sales of $2.59 billion for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Leidos’ earnings. The lowest sales estimate is $2.53 billion and the highest is $2.65 billion. Leidos posted sales of $2.58 billion in the same quarter last year, which would indicate a positive year over year growth rate of 0.4%. The firm is expected to announce its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Leidos will report full-year sales of $2.59 billion for the current year, with estimates ranging from $10.18 billion to $10.30 billion. For the next fiscal year, analysts forecast that the firm will report sales of $10.58 billion per share, with estimates ranging from $10.47 billion to $10.68 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Leidos.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.14. Leidos had a return on equity of 17.20% and a net margin of 3.04%. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the company posted $1.25 EPS. The business’s revenue for the quarter was up 34.0% compared to the same quarter last year.

LDOS has been the subject of a number of recent analyst reports. TheStreet raised Leidos from a “c+” rating to a “b+” rating in a report on Monday, October 2nd. Jefferies Group reissued a “buy” rating and issued a $75.00 price objective on shares of Leidos in a report on Thursday, October 5th. Argus increased their price objective on Leidos from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, August 31st. Zacks Investment Research upgraded Leidos from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Saturday, August 5th. Finally, Cowen restated a “buy” rating on shares of Leidos in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $67.18.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its position in shares of Leidos by 0.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock valued at $102,000 after acquiring an additional 18 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Leidos by 31.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,158 shares of the aerospace company’s stock valued at $111,000 after acquiring an additional 513 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of Leidos by 2.0% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the aerospace company’s stock valued at $113,000 after acquiring an additional 44 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Leidos by 263.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock valued at $161,000 after acquiring an additional 2,254 shares during the last quarter. Finally, Hanseatic Management Services Inc. acquired a new stake in shares of Leidos during the 2nd quarter valued at $174,000. Hedge funds and other institutional investors own 73.51% of the company’s stock.

Shares of Leidos (NYSE:LDOS) traded down $0.40 during mid-day trading on Thursday, reaching $62.39. The company had a trading volume of 612,700 shares, compared to its average volume of 927,863. Leidos has a 1-year low of $47.81 and a 1-year high of $64.20. The company has a market cap of $9,499.03, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 1.70 and a beta of 1.69. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.27 and a quick ratio of 1.03.

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Leidos Company Profile

Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.

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