Equities analysts predict that Lockheed Martin Co. (NYSE:LMT) will announce sales of $11.30 billion for the current quarter, Zacks reports. Five analysts have issued estimates for Lockheed Martin’s earnings, with estimates ranging from $10.92 billion to $12.03 billion. Lockheed Martin reported sales of $11.06 billion during the same quarter last year, which indicates a positive year over year growth rate of 2.2%. The company is scheduled to report its next earnings results on Tuesday, April 24th.
On average, analysts expect that Lockheed Martin will report full year sales of $11.30 billion for the current financial year, with estimates ranging from $50.43 billion to $51.39 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $53.42 billion per share, with estimates ranging from $52.30 billion to $54.12 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Lockheed Martin.
Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Monday, January 29th. The aerospace company reported $4.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.06 by $0.24. The business had revenue of $15.14 billion for the quarter, compared to analysts’ expectations of $14.72 billion. Lockheed Martin had a net margin of 3.92% and a return on equity of 354.55%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $3.25 earnings per share.
A number of brokerages have weighed in on LMT. Morgan Stanley restated an “overweight” rating and issued a $388.00 target price (up previously from $382.00) on shares of Lockheed Martin in a research report on Friday, February 23rd. Argus raised their target price on shares of Lockheed Martin from $340.00 to $385.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Buckingham Research raised their target price on shares of Lockheed Martin from $348.00 to $403.00 and gave the company a “buy” rating in a research report on Monday, February 5th. ValuEngine upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Citigroup raised their target price on shares of Lockheed Martin from $355.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $375.40.
Shares of Lockheed Martin (NYSE LMT) opened at $339.50 on Wednesday. Lockheed Martin has a 52-week low of $264.04 and a 52-week high of $363.00. The company has a debt-to-equity ratio of -22.19, a current ratio of 1.38 and a quick ratio of 1.03. The firm has a market cap of $96,950.00, a P/E ratio of 25.94, a price-to-earnings-growth ratio of 3.00 and a beta of 0.72.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Thursday, March 1st will be issued a dividend of $2.00 per share. The ex-dividend date is Wednesday, February 28th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.36%. Lockheed Martin’s dividend payout ratio (DPR) is presently 61.12%.
In other news, Chairman Marillyn A. Hewson sold 19,000 shares of Lockheed Martin stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $346.74, for a total transaction of $6,588,060.00. Following the transaction, the chairman now owns 80,478 shares in the company, valued at $27,904,941.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Richard F. Ambrose sold 7,517 shares of Lockheed Martin stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $357.89, for a total transaction of $2,690,259.13. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Lockheed Martin by 22.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 44,061 shares of the aerospace company’s stock worth $14,146,000 after purchasing an additional 7,950 shares during the period. Green Square Capital LLC lifted its holdings in shares of Lockheed Martin by 31.2% during the fourth quarter. Green Square Capital LLC now owns 30,207 shares of the aerospace company’s stock worth $9,698,000 after purchasing an additional 7,178 shares during the period. KCM Investment Advisors LLC lifted its holdings in shares of Lockheed Martin by 2.4% during the fourth quarter. KCM Investment Advisors LLC now owns 18,912 shares of the aerospace company’s stock worth $6,072,000 after purchasing an additional 445 shares during the period. Elkfork Partners LLC acquired a new position in shares of Lockheed Martin during the fourth quarter worth $2,113,000. Finally, Fairfield Bush & CO. lifted its holdings in shares of Lockheed Martin by 34.5% during the fourth quarter. Fairfield Bush & CO. now owns 4,480 shares of the aerospace company’s stock worth $1,438,000 after purchasing an additional 1,150 shares during the period. Institutional investors own 78.30% of the company’s stock.
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Lockheed Martin Company Profile
Lockheed Martin Corporation is a security and aerospace company. The Company operates through four segments. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies.
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