Leonardo DRS (NASDAQ:DRS) Releases FY24 Earnings Guidance

Leonardo DRS (NASDAQ:DRS) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.88-0.91 for the period, compared to the consensus estimate of $0.86. The company issued revenue guidance of $3.15-3.20 billion, compared to the consensus revenue estimate of $3.14 billion. Leonardo DRS also updated its FY 2024 guidance to 0.880-0.910 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DRS shares. Robert W. Baird boosted their price objective on Leonardo DRS from $30.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday. BTIG Research boosted their price target on shares of Leonardo DRS from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Bank of America lowered shares of Leonardo DRS from a “buy” rating to a “neutral” rating and raised their price objective for the company from $26.00 to $30.00 in a report on Tuesday, September 24th. Finally, Truist Financial boosted their target price on shares of Leonardo DRS from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.83.

Leonardo DRS Stock Up 2.2 %

DRS stock opened at $30.72 on Friday. The stock has a market cap of $8.10 billion, a P/E ratio of 41.51, a PEG ratio of 2.05 and a beta of 0.96. The company has a current ratio of 2.01, a quick ratio of 1.60 and a debt-to-equity ratio of 0.15. Leonardo DRS has a twelve month low of $17.97 and a twelve month high of $33.29. The company’s 50 day moving average is $28.48 and its two-hundred day moving average is $26.23.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The firm had revenue of $812.00 million during the quarter, compared to analysts’ expectations of $775.44 million. Leonardo DRS had a net margin of 6.23% and a return on equity of 9.82%. Leonardo DRS’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 earnings per share. Research analysts expect that Leonardo DRS will post 0.86 earnings per share for the current fiscal year.

Leonardo DRS Company Profile

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.