(LDOS) is down at $57.80 Leidos Announces Appointment of Lt….


Leidos Holdings, Inc. (NYSE:LDOS):

Leidos Announces Appointment of Lt. General William J. Bender as Strategic Account Executive, Government Relations.

The company is so far trading down from yesterday’s close of $58.74.

Leidos Holdings, Inc. also recently declared a dividend for shareholders paid on Friday June 30th, 2017. The dividend payment was $0.320 per share for the quarter which is $1.28 annualized. The dividend yield was $2.18. The ex-dividend date was set for Tuesday the 13th of June 2017.

Leidos Holdings, Inc., launched on August 12, 2005, is global science and technology company. The Company provides technology and engineering services and solutions in the defense, intelligence, civil and health markets. The Company operates through four segments: National Security Solutions (NSS), Information Systems & Global Solutions (IS&GS), Health and Infrastructure (HIS), and Corporate and Other..

Shares are trading at $57.80 marginally over $55.28, the 50 day moving average and a tad higher than the 200 day moving average of $53.63. The 50 day moving average was up by +4.55% and the 200 day average went up by +7.77%.

The P/E ratio is 25.90 and the market cap of the company is 8.74B. As of the last earnings report the EPS was $2.23 and is estimated to be $3.55 for the current year with 151,209,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.82 and the next full year EPS is projected to be $3.69.

Investors are more bullish on shares of the company if you evaluate the downtick in short interest. The stock saw a fall in short interest from July 31, 2017 to August 15, 2017 of -3.38%. Short interest fell from 2,784,354 to 2,690,227 over that timeframe. With short interest at 2,690,227 and short average daily volume at 1,529,067, the short-interest ratio is 2.0 and the percentage of shorted shares is 0.05% as of August 15.

Several investment firms have provided guidance on the company recently. On August 10 the stock rating was upgraded from “Neutral” to “Buy” in a statement from Goldman Sachs.