$2.59 Billion in Sales Expected for Leidos Holdings, Inc. (LDOS) This Quarter
Equities research analysts expect Leidos Holdings, Inc. (NYSE:LDOS) to post sales of $2.59 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Leidos’ earnings, with the highest sales estimate coming in at $2.65 billion and the lowest estimate coming in at $2.53 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 company is scheduled to announce its next earnings results before the market opens 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 financial year, analysts expect 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 analysts that cover Leidos.
A number of research firms have recently weighed in on LDOS. Citigroup increased their price objective on Leidos from $65.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research lowered Leidos from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Cowen reissued a “buy” rating and set a $68.00 price objective on shares of Leidos in a research note on Thursday, November 2nd. ValuEngine raised Leidos from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, BidaskClub lowered Leidos from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $69.33.
A number of hedge funds have recently made changes to their positions in LDOS. State Street Corp lifted its stake in Leidos by 20.5% in the second quarter. State Street Corp now owns 4,560,128 shares of the aerospace company’s stock worth $235,717,000 after acquiring an additional 776,462 shares during the period. Janus Henderson Group PLC purchased a new stake in Leidos in the second quarter worth $16,934,000. Royal Bank of Canada lifted its stake in Leidos by 183.6% in the second quarter. Royal Bank of Canada now owns 51,411 shares of the aerospace company’s stock worth $2,657,000 after acquiring an additional 33,284 shares during the period. Bangor Savings Bank purchased a new stake in Leidos in the second quarter worth $1,251,000. Finally, Cubist Systematic Strategies LLC lifted its stake in Leidos by 249.5% in the second quarter. Cubist Systematic Strategies LLC now owns 30,679 shares of the aerospace company’s stock worth $1,586,000 after acquiring an additional 21,900 shares during the period. 73.49% of the stock is owned by institutional investors.
Leidos (NYSE LDOS) traded up $0.06 during trading hours on Tuesday, hitting $62.62. The stock had a trading volume of 843,076 shares, compared to its average volume of 841,067. The stock has a market capitalization of $9,473.34, a price-to-earnings ratio of 30.85, a PEG ratio of 1.56 and a beta of 1.63. Leidos has a 52-week low of $49.65 and a 52-week high of $68.25. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.27.
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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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