Leidos Holdings, Inc.’s Stock Price Soars to $140.22, Marking a Significant 6.53% Uptick

Leidos Holdings, Inc. (LDOS)

140.22 USD +8.60 (+6.53%) Volume: 3.66M

Leidos Holdings, Inc.’s stock price surged to $140.22, marking a significant 6.53% increase in this trading session, fueled by a robust trading volume of 3.66M. The impressive performance extends the year-to-date gains to 29.55%, underscoring LDOS’s strong market position.

Latest developments on Leidos Holdings, Inc.

Leidos Holdings Inc. (LDOS) has seen an upward movement in its stock price today, following a series of positive financial updates. The company has reported strong Q1 earnings for 2024, surpassing analyst revenue forecasts and thereby boosting its financial outlook for the year. This has been largely driven by rising defense demand, which has led to an increase in sales and bookings. In addition to this, Leidos has declared a quarterly dividend of $0.38, and its position has been increased by the New York State Common Retirement Fund, further contributing to the bullish sentiment surrounding its stock.

A look at Leidos Holdings, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Leidos Holdings Inc. has received a mixed outlook based on the Smartkarma Smart Scores. While the company scores well in terms of momentum, indicating strong performance and positive market sentiment, it falls short in resilience. This suggests that while Leidos Holdings may have short-term growth potential, there could be some concerns about its ability to weather potential challenges in the long run.

Overall, Leidos Holdings scores average in terms of value, dividend, and growth. This indicates that while the company may not be undervalued or offering high dividends, it is still showing steady growth potential. With a balanced outlook across these factors, investors may want to consider a more comprehensive analysis of the company’s financial health and market position before making any investment decisions.

Summary: Leidos Holdings Inc. is a company that provides scientific, engineering, systems integration, and technical services and solutions in the areas of national security, engineering, and health.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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