Leidos Holdings (LDOS) is Resumed by Citigroup to Buy

Leidos Holdings (LDOS) was Resumed by Citigroup to “Buy”. Citigroup advised their investors in a research report released on Sep 6, 2016.

On the company’s financial health, Leidos Holdings reported $0.68 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.73. The company had revenue of $1288.00 million for the quarter, compared to analysts expectations of $1285.44 million. The company’s revenue was up 2.5% compared to the same quarter last year.

Leidos Holdings opened for trading at $40.5 and hit $41 on the upside on Thursday, eventually ending the session at $40.75, with a gain of 0.59% or 0.24 points. The heightened volatility saw the trading volume jump to 18,40,638 shares. Company has a market cap of $2,967 M.

In a different news, on Mar 15, 2016, Robert S Shapard (director) purchased 4,000 shares at $47.04 per share price. According to the SEC, on Mar 15, 2016, James Reagan (CFO) purchased 2,600 shares at $46.83 per share price. On Mar 9, 2016, Roger A Krone (CEO) purchased 5,000 shares at $46.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Leidos Holdings

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