Leidos Holdings, Inc.: A Potential Bargain
On CNBC’s “Halftime Report Final Trades,” Steve Weiss of Short Hills Capital Partners expressed optimism about Leidos Holdings, Inc. (NYSE: LDOS), emphasizing its attractively low valuation under new management. “I like this one a lot,” he added.
Leidos reported impressive fourth-quarter financial results, with revenue growing by 8% year-over-year to $3.98 billion, surpassing the consensus of $3.80 billion.
The company also delivered an adjusted EPS of $1.99, marking a 9% rise year-over-year and outperforming the consensus of $1.74.
The Walt Disney Company’s Dynamic Moves
Jim Lebenthal of Cerity Partners touted The Walt Disney Company (NYSE: DIS) as his final trade, following the company’s better-than-expected first-quarter earnings announcement. Disney also declared a cash dividend of 45 cents per share, unveiled a new share repurchase program, and projected fiscal 2024 earnings of approximately $4.60 per share.
However, Disney’s disclosure of a $1.5 billion investment in video game company Epic Games drew criticism from activist investor Nelson Peltz, who has been embroiled in a proxy fight with the company due to stock underperformance.
NextEra Energy, Inc.: A Robust Performer
Jenny Harrington of Gilman Hill Asset Management highlighted the 9.75% yield of NextEra Energy, Inc. (NYSE: NEE-PR).
NextEra Energy excelled in its fourth-quarter performance, surpassing expectations.
The Progressive Corporation’s Strong Showing
Joe Terranova of Virtus Investment Partners selected The Progressive Corporation (NYSE: PGR) as his final trade, citing the company’s impressive net income of $700.7 million for the month ended Jan. 31, 2024.
Price Movement
- Leidos shares rose by 0.2% to close at $121.50 on Wednesday.
- Disney shares gained 2% to close at $111.56 during Wednesday’s session.
- NextEra Energy’s shares climbed 1.6% to settle at $35.98 on Wednesday.
- Progressive’s shares surged by 3.2% to close at $187.95 on Wednesday.