$2.67 Billion in Sales Expected for Leidos Holdings Inc (LDOS) This Quarter

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Equities analysts expect Leidos Holdings Inc (NYSE:LDOS) to announce sales of $2.67 billion for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Leidos’ earnings, with the lowest sales estimate coming in at $2.65 billion and the highest estimate coming in at $2.70 billion. Leidos reported sales of $2.52 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 6%. The business is expected to report its next earnings report before the market opens on Tuesday, February 19th.

According to Zacks, analysts expect that Leidos will report full-year sales of $10.21 billion for the current fiscal year, with estimates ranging from $10.19 billion to $10.25 billion. For the next fiscal year, analysts expect that the company will post sales of $10.63 billion, with estimates ranging from $10.55 billion to $10.81 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Leidos.

LDOS has been the topic of a number of research reports. Argus reduced their target price on shares of Leidos from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, October 29th. Cowen reaffirmed a “buy” rating and set a $77.00 target price on shares of Leidos in a research report on Wednesday, October 17th. Zacks Investment Research raised shares of Leidos from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Finally, ValuEngine lowered shares of Leidos from a “hold” rating to a “sell” rating in a research report on Wednesday, January 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $77.29.

Shares of NYSE:LDOS traded down $0.19 during trading on Thursday, reaching $58.00. 1,161,756 shares of the company were exchanged, compared to its average volume of 740,126. The firm has a market cap of $8.70 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 1.28 and a beta of 1.65. Leidos has a 12-month low of $50.33 and a 12-month high of $72.30. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.38.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc increased its holdings in Leidos by 2.0% during the third quarter. Vanguard Group Inc now owns 13,668,049 shares of the aerospace company’s stock valued at $945,282,000 after buying an additional 264,927 shares during the period. BlackRock Inc. increased its holdings in Leidos by 5.0% during the third quarter. BlackRock Inc. now owns 13,530,994 shares of the aerospace company’s stock valued at $935,803,000 after buying an additional 642,239 shares during the period. FMR LLC increased its holdings in Leidos by 30.3% during the second quarter. FMR LLC now owns 13,424,963 shares of the aerospace company’s stock valued at $792,073,000 after buying an additional 3,122,237 shares during the period. FIL Ltd increased its holdings in Leidos by 0.4% during the third quarter. FIL Ltd now owns 3,054,462 shares of the aerospace company’s stock valued at $211,246,000 after buying an additional 12,898 shares during the period. Finally, Southpoint Capital Advisors LP increased its holdings in Leidos by 4.7% during the third quarter. Southpoint Capital Advisors LP now owns 2,200,000 shares of the aerospace company’s stock valued at $152,152,000 after buying an additional 99,700 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

About Leidos

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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Earnings History and Estimates for Leidos (NYSE:LDOS)

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