The price of Leonardo DRS Inc. (NASDAQ: DRS) closed at $21.97 in the last session, down -4.48% from day before closing price of $23.00. On the day, 820677 shares were traded. DRS stock price reached its highest trading level at $23.23 during the session, while it also had its lowest trading level at $21.72.
Ratios:
We take a closer look at DRS’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.78. For the most recent quarter (mrq), Quick Ratio is recorded 1.47 and its Current Ratio is at 1.78. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.18.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, JP Morgan on February 26, 2024, initiated with a Neutral rating and assigned the stock a target price of $23.
On September 27, 2023, BofA Securities started tracking the stock assigning a Buy rating and target price of $20.
On June 09, 2023, Truist started tracking the stock assigning a Buy rating and target price of $19.Truist initiated its Buy rating on June 09, 2023, with a $19 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 21 ’23 when Leonardo S.p.a sold 20,700,000 shares for $17.06 per share. The transaction valued at 353,187,540 led to the insider holds 189,745,073 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DRS now has a Market Capitalization of 5.76B and an Enterprise Value of 5.79B. As of this moment, Leonardo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.64, and their Forward P/E ratio for the next fiscal year is 22.30. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.04 while its Price-to-Book (P/B) ratio in mrq is 2.48. Its current Enterprise Value per Revenue stands at 2.05 whereas that against EBITDA is 18.51.
Stock Price History:
Over the past 52 weeks, DRS has reached a high of $24.00, while it has fallen to a 52-week low of $10.80. The 50-Day Moving Average of the stock is 20.56, while the 200-Day Moving Average is calculated to be 18.39.
Shares Statistics:
According to the various share statistics, DRS traded on average about 701.12K shares per day over the past 3-months and 813.14k shares per day over the past 10 days. A total of 262.53M shares are outstanding, with a floating share count of 71.08M. Insiders hold about 72.93% of the company’s shares, while institutions hold 27.37% stake in the company. Shares short for DRS as of Feb 29, 2024 were 3.35M with a Short Ratio of 4.77, compared to 2.9M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.27% and a Short% of Float of 6.42%.
Earnings Estimates
The company has 5 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.11 for the current quarter, with a high estimate of $0.12 and a low estimate of $0.1, while EPS last year was $0.07. The consensus estimate for the next quarter is $0.15, with high estimates of $0.16 and low estimates of $0.15.
Analysts are recommending an EPS of between $0.83 and $0.8 for the fiscal current year, implying an average EPS of $0.81. EPS for the following year is $0.99, with 5 analysts recommending between $1.05 and $0.92.
Revenue Estimates
According to 4 analysts, the current quarter’s revenue is expected to be $638.72M. It ranges from a high estimate of $650M to a low estimate of $620.6M. As of the current estimate, Leonardo DRS Inc.’s year-ago sales were $544.37M, an estimated increase of 17.30% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $672.62M, an increase of 6.70% less than the figure of $17.30% in the same quarter last year. There is a high estimate of $684M for the next quarter, whereas the lowest estimate is $657M.
A total of 5 analysts have provided revenue estimates for DRS’s current fiscal year. The highest revenue estimate was $3.08B, while the lowest revenue estimate was $2.99B, resulting in an average revenue estimate of $3.02B. In the same quarter a year ago, actual revenue was $2.83B, up 7.00% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $3.23B in the next fiscal year. The high estimate is $3.31B and the low estimate is $3.16B. The average revenue growth estimate for next year is up 6.90% from the average revenue estimate for this year.
