Leidos Holdings, Vulcan Materials And More On CNBC's 'Final Trades'

Author: Avi Kapoor | February 20, 2024 10:07am

According to Bill Baruch of Blue Line Capital, Leidos Holdings, Inc. (NYSE:LDOS) is "breaking out, trying to break out above its 2020 high." The company reported "great earnings" report last week, he added.

Baruch made the comments on CNBC’s "Halftime Report Final Trades." Reston, Virginia-based Leidos reported fourth-quarter (Q4) 2023 revenue growth of 8% year-over-year to $3.98 billion, beating the consensus of $3.80 billion.
Leidos clocked an adjusted EPS of $1.99, up 9% year-over-year, beating the consensus of $1.74. It expects fiscal 2024 revenue of $15.70 billion-$16.10 billion and adjusted EPS of $7.50 – $7.90.

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Shannon Saccocia of NB Private Wealth named iShares U.S. Utilities ETF (NYSE:IDU) as her final trade.

Joe Terranova of Virtus Investment Partners picked Vulcan Materials Company (NYSE:VMC).

Vulcan Materials reported better-than-expected fourth-quarter financial results. Revenue of $1.83 billion was in line with the consensus. Adjusted EPS of $1.46 beat the consensus of $1.39. The construction materials provider said it expects net earnings of $1.07 billion-$1.19 billion and adjusted EBITDA of $2.15 billion-$2.30 billion. It expects to spend $625 million-$675 million for maintenance and growth projects in 2024.

Price Action:

• Leidos shares gained 1.3% to close at $123.83 on Friday.
• iShares U.S. Utilities ETF slipped 0.01% during Friday’s session.
• Vulcan Materials shares jumped 5.2% to settle at $255.15 on Friday.

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Image: Pixabay

Posted In: IDU LDOS VMC