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Leidos and London Stock Exchange Group Announce Stock Buyback Programs
Leidos Holdings announced that its board approved a stock buyback plan to repurchase 20 million shares. The company’s shares rose $3.25 to $115.67 in trading, and the firm reported fourth‑quarter earnings of $3.13 per share, beating analysts by $0.25, on revenue of $4.40 billion.
London Stock Exchange Group also disclosed board approval of a share‑repurchase program. In its latest quarter the exchange reported earnings of GBX 244.90 per share, a return on equity of 6.10 % and a net margin of 13.41 %. Analysts note that the buyback’s earnings yield of about 5.2 % is below the company’s weighted‑average cost of capital, raising concerns about its value impact.
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- [○ 1 SOURCE] Leidos reported quarterly earnings per share of $3.13, beating estimates by $0.25. www.marketbeat.com
- [○ 1 SOURCE] Leidos revenue for the quarter was $4.40 billion. www.marketbeat.com
- [○ 1 SOURCE] Leidos shares rose $3.25 to $115.67 in trading after the announcement. www.marketbeat.com
- [○ 1 SOURCE] LSEG reported earnings per share of GBX 244.90 for the quarter. www.marketbeat.com
- [○ 1 SOURCE] Analysts say LSEG's buyback yields a 5.2 % earnings yield versus a 6‑7 % weighted‑average cost of capital, indicating a potentially value‑destructive allocation. seekingalpha.com
- [○ 1 SOURCE] London Stock Exchange Group board approved a share‑repurchase program. www.marketbeat.com
- [○ 1 SOURCE] LSEG's return on equity was 6.10 % and net margin 13.41 % for the quarter. www.marketbeat.com
- [○ 1 SOURCE] Leidos board approved a stock buyback plan to repurchase 20 million shares. www.marketbeat.com