Leidos Holdings, Inc. (NYSE:LDOS) issued its earnings results on Thursday. The aerospace company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.14, Bloomberg Earnings reports. Leidos Holdings had a return on equity of 17.36% and a net margin of 3.04%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the company earned $1.25 EPS. The business’s quarterly revenue was up 34.0% on a year-over-year basis. Leidos Holdings updated its FY17 guidance to $3.60-3.75 EPS.
Leidos Holdings (LDOS) traded up $0.83 on Friday, reaching $63.66. The company’s stock had a trading volume of 897,116 shares, compared to its average volume of 722,026. The company has a market cap of $9,625.96, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 1.75 and a beta of 1.69. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.97.
In related news, VP Jerald S. Howe, Jr. bought 2,000 shares of the stock in a transaction on Monday, August 21st. The shares were bought at an average cost of $55.32 per share, for a total transaction of $110,640.00. Following the purchase, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $110,640. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gary Stephen May sold 800 shares of Leidos Holdings stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $55.75, for a total value of $44,600.00. Following the completion of the transaction, the director now owns 6,680 shares in the company, valued at $372,410. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.
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LDOS has been the topic of several research analyst reports. TheStreet raised Leidos Holdings from a “c+” rating to a “b+” rating in a research report on Monday, October 2nd. Argus raised their target price on Leidos Holdings from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, August 31st. ValuEngine raised Leidos Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Goldman Sachs Group, Inc. (The) raised Leidos Holdings from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $61.00 to $68.00 in a research report on Thursday, August 10th. Finally, Zacks Investment Research raised Leidos Holdings from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Saturday, August 5th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $66.18.
About Leidos Holdings
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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