Leidos Holdings Inc. (NYSE:LDOS) shares, rose in value on Friday, 01/20/23, with the stock price up by 1.58% to the previous day’s close as strong demand from buyers drove the stock to $96.06.
Actively observing the price movement in the last trading, the stock closed the session at $94.57, falling within a range of $94.11 and $96.56. The value of beta (5-year monthly) was 0.76 whereas the PE ratio was 19.68 over 12-month period. Referring to stock’s 52-week performance, its high was $111.12, and the low was $81.07. On the whole, LDOS has fluctuated by -8.03% over the past month.
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With the market capitalization of Leidos Holdings Inc. currently standing at about $13.18 billion, investors are eagerly awaiting this quarter’s results, scheduled for Feb 13, 2023 – Feb 17, 2023. The company’s Forward Dividend Ratio is 1.44, with its dividend yield at 1.50%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.57, which is expected to increase to $1.69 for fiscal year $6.36 and then to about $7.07 by fiscal year 2023. Data indicates that the EPS growth is expected to be -3.90% in 2023, while the next year’s EPS growth is forecast to be 11.20%.
Analysts have estimated the company’s revenue for the quarter at $3.56 billion, with a low estimate of $3.48 billion and a high estimate of $3.59 billion. According to the average forecast, sales growth in current quarter could jump down -1.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $14.23 billion, representing an increase of 3.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that LDOS’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.17, with the price of LDOS currently trading nearly -5.98% and -8.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 29.33, while the 7-day volatility ratio is showing 2.02% which for the 30-day chart, stands at 1.92%. Furthermore, Leidos Holdings Inc. (LDOS)’s beta value is 0.81, and its average true range (ATR) is 2.05. The company’s stock has been forecasted to trade at an average price of $120.71 over the course of the next 52 weeks, with a low of $111.00 and a high of $134.00. Based on these price targets, the low is -15.55% off current price, whereas the price has to move -39.5% to reach the yearly target high. Additionally, analysts’ median price of $120.00 is likely to be welcomed by investors because it represents a decrease of -24.92% from the current levels.
A comparison of Leidos Holdings Inc. (LDOS) with its peers suggests the former has fared considerably weaker in the market. LDOS showed an intraday change of 1.58% in last session, and over the past year, it grew by 2.60%%. In comparison, Raytheon Technologies Corporation (RTX) has moved higher at 0.13% on the day and was up 5.20% over the past 12 months. On the other hand, the price of Lockheed Martin Corporation (LMT) has risen 0.90% on the day. The stock, however, is off 17.48% from where it was a year ago. Additionally, there is a gain of 1.91% for Northrop Grumman Corporation (NOC) in last trading while the stock has seen an overall depriciation of 12.23%% over the past year. The PE ratio stands at 19.68 for Leidos Holdings Inc., compared to 31.46 for Raytheon Technologies Corporation, and 20.35 for Lockheed Martin Corporation. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 1.89%. Meanwhile, the Dow Jones Industrial Improved by 1.00%.
Data on historical trading for Leidos Holdings Inc. (NYSE:LDOS) indicates that the trading volumes over the past 10 days have averaged 0.96 million and over the past 3 months, they’ve averaged 831.85K. According to company’s latest data on outstanding shares, there are 137.00 million shares outstanding.
Nearly 0.50% of Leidos Holdings Inc.’s shares belong to company insiders and institutional investors own 78.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.89 million shares as on Oct 13, 2022, resulting in a short ratio of 1.2. According to the data, the short interest in Leidos Holdings Inc. (LDOS) stood at 0.65% of shares outstanding as of Oct 13, 2022; the number of short shares registered in Sep 14, 2022 reached 0.92 million. The stock has fallen by -8.68% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LDOS stock heading into the next quarter.