Jefferies Financial Group Comments on Leidos Holdings Inc’s FY2018 Earnings (NYSE:LDOS)

Leidos Holdings Inc (NYSE:LDOS) – Jefferies Financial Group increased their FY2018 earnings estimates for shares of Leidos in a note issued to investors on Thursday, October 25th, Zacks Investment Research reports. Jefferies Financial Group analyst S. Kahyaoglu now anticipates that the aerospace company will post earnings per share of $4.35 for the year, up from their previous estimate of $4.30. Jefferies Financial Group also issued estimates for Leidos’ Q4 2018 earnings at $1.07 EPS, FY2019 earnings at $4.55 EPS and FY2020 earnings at $4.85 EPS.

A number of other analysts have also recently commented on LDOS. Zacks Investment Research raised Leidos from a “sell” rating to a “hold” rating in a research report on Friday, July 27th. ValuEngine raised Leidos from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Cowen reaffirmed a “buy” rating and set a $77.00 price target on shares of Leidos in a research report on Wednesday, October 17th. Finally, Argus lowered their price target on Leidos from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, October 29th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $77.29.

LDOS traded up $0.60 on Monday, reaching $63.04. 667,210 shares of the stock were exchanged, compared to its average volume of 1,138,201. Leidos has a fifty-two week low of $57.50 and a fifty-two week 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. The stock has a market cap of $9.35 billion, a P/E ratio of 16.95, a P/E/G ratio of 1.43 and a beta of 1.61.

Leidos (NYSE:LDOS) last announced its earnings results on Thursday, October 25th. The aerospace company reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.04. Leidos had a return on equity of 18.67% and a net margin of 5.04%. The firm had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.64 billion.

Hedge funds have recently modified their holdings of the company. First Command Financial Services Inc. acquired a new position in shares of Leidos in the 2nd quarter valued at about $106,000. First Command Bank acquired a new position in Leidos in the 2nd quarter worth about $106,000. Braun Bostich & Associates Inc. acquired a new position in Leidos in the 2nd quarter worth about $112,000. Fort L.P. acquired a new position in Leidos in the 2nd quarter worth about $119,000. Finally, Zions Bancorporation acquired a new position in Leidos in the 3rd quarter worth about $137,000. 71.98% of the stock is owned by institutional investors and hedge funds.

Leidos Company Profile

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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