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Stock Market & Financial Investment News

News Breaks
August 13, 2014
16:13 EDTLDOSLeidos awarded contracy by General Services Administration
Leidos was awarded the One Acquisition Solution for Integrated Services prime contract by the General Services Administration to provide a full range of professional services. The multiple award, indefinite-delivery/indefinite-quantity contract has a five-year base period of performance, and one five-year option. There is no dollar ceiling limit on this flexible contract vehicle. Leidos is one of 74 awardees eligible to compete for task orders under the contract. The core disciplines of the contract services include program management, management consulting, logistics, engineering, scientific, and financial. Leidos received awards in all six contract pools.
News For LDOS From The Last 14 Days
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March 26, 2015
06:11 EDTLDOSLeidos cash guidance missed expectations, says Citigroup
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March 25, 2015
08:52 EDTLDOSLeidos to sell equity interests in renewable energy unit to Greenleaf
In a regulatory filing, Leidos reports that on March 24, Leidos Engineering, a wholly-owned subsidiary of Leidos, and Plainfield Renewable Energy, a wholly owned subsidiary of Leidos Renewable Energy, entered into a membership interest purchase agreement with Greenleaf Power Consolidated, pursuant to which Leidos Engineering has agreed to sell and Greenleaf has agreed to purchase all of the outstanding equity interests in LRE. The aggregate consideration to be paid to Leidos Engineering is $112.5M subject to certain adjustments, and certain contingent earn-out payments and other consideration contemplated by the agreement. At the closing of the sale transaction, Greenleaf will pay to Leidos Engineering, in cash, $30.94M of the closing payment, subject to certain adjustments. In addition, upon closing, Greenleaf will cause newly acquired PRE to enter into a credit agreement with Leidos pursuant to which Greenleaf shall deliver to Leidos a secured promissory note entered into by PRE in favor of Leidos for the principal amount of the balance of the closing payment. The closing of the sale transaction is expected to occur in Q2.
06:10 EDTLDOSLeidos names CEO Roger Krone as chairman
On March 20 the company's board designated CEO Roger Krone to serve as chair of the board, succeeding former CEO John Jumper in that role. Jumper will continue to serve as a member of the board. Lawrence Nussdorf continues to serve as the company's lead independent director.
06:09 EDTLDOSLeidos sees FY15 EPS $2.20-$2.45, consensus $2.53
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06:08 EDTLDOSLeidos reports Q4 EPS 69c, consensus 48c
Reports Q4 revenue $1.17B, consensus $1.19B.
March 24, 2015
15:28 EDTLDOSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Paychex (PAYX), consensus 46c... Leidos (LDOS), consensus 48c... Apollo Education (APOL), consensus (16c)... Lindsay (LNN), consensus $1.13... Francesca's (FRAN), consensus 20c... Yingli Green Energy (YGE), consensus (13c).
March 19, 2015
06:43 EDTLDOSCiti thinks market missing some positives at Leidos
Citigroup believes the market may be missing some of the positives going on at Leidos, namely improving margins at the company's Health & Engineering Segment and its excess cash position. Citi thinks next Wednesday's Q4 earnings report could lead to investors better appreciating these positives, driving higher consensus estimates and share upside. The firm calls Leidos its top services pick given the company's turnaround potential. It has a Buy rating on the name with a $55 price target. The stock closed Wednesday up 9c to $43.92.

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