Leidos (NYSE:LDOS) Announces Stock Repurchase Plan

Leidos (NYSE:LDOS) declared that its Board of Directors has initiated a share repurchase plan on Friday, July 31st, RTT News reports. The company plans to buyback 20,000,000 outstanding shares. This buyback authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Leidos Stock Performance

Leidos stock opened at $115.67 on Monday. The stock’s 50 day simple moving average is $113.37 and its two-hundred day simple moving average is $146.44. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.29 and a current ratio of 1.40. The stock has a market cap of $14.55 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.69 and a beta of 0.52. Leidos has a fifty-two week low of $98.86 and a fifty-two week high of $205.77.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.88 by $0.25. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.28 billion. Leidos had a return on equity of 31.92% and a net margin of 8.15%.The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.97 EPS. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. As a group, analysts expect that Leidos will post 12.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LDOS has been the subject of several research analyst reports. Weiss Ratings cut Leidos from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Truist Financial decreased their target price on Leidos from $195.00 to $160.00 and set a “buy” rating for the company in a report on Friday, July 10th. The Goldman Sachs Group cut their price target on shares of Leidos from $171.00 to $152.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. BNP Paribas Exane began coverage on shares of Leidos in a research report on Wednesday, May 27th. They set an “outperform” rating and a $165.00 price objective on the stock. Finally, Stifel Nicolaus reduced their price objective on shares of Leidos from $205.00 to $193.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $163.80.

Insiders Place Their Bets

In other Leidos news, Director Gary Stephen May sold 1,484 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $132.75, for a total value of $197,001.00. Following the completion of the transaction, the director owned 10,137 shares in the company, valued at approximately $1,345,686.75. This represents a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.77% of the stock is currently owned by insiders.

About Leidos

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.