Equities analysts expect Lockheed Martin Co. (NYSE:LMT) to announce $3.40 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have made estimates for Lockheed Martin’s earnings. The lowest EPS estimate is $3.25 and the highest is $3.85. Lockheed Martin posted earnings per share of $3.00 in the same quarter last year, which suggests a positive year-over-year growth rate of 13.3%. The firm is expected to issue its next earnings results before the market opens on Tuesday, April 24th.
On average, analysts expect that Lockheed Martin will report full year earnings of $15.52 per share for the current financial year, with EPS estimates ranging from $15.30 to $15.80. For the next year, analysts expect that the firm will report earnings of $17.84 per share, with EPS estimates ranging from $17.05 to $19.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Lockheed Martin.
Lockheed Martin (NYSE:LMT) last posted its earnings results on Monday, January 29th. The aerospace company reported $4.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.06 by $0.24. Lockheed Martin had a net margin of 3.92% and a return on equity of 354.55%. The company had revenue of $15.14 billion for the quarter, compared to analyst estimates of $14.72 billion. During the same quarter in the prior year, the business posted $3.25 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year.
Several equities research analysts have commented on LMT shares. Vetr lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and set a $332.40 price objective for the company. in a research note on Thursday, January 4th. Wells Fargo lowered shares of Lockheed Martin from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 16th. Zacks Investment Research upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $373.00 price objective for the company in a research note on Friday, January 19th. Credit Suisse Group reiterated a “neutral” rating on shares of Lockheed Martin in a research note on Friday, January 19th. Finally, Royal Bank of Canada set a $348.00 price objective on shares of Lockheed Martin and gave the company a “hold” rating in a research note on Tuesday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $375.02.
Shares of LMT traded down $11.99 on Friday, reaching $334.66. The company’s stock had a trading volume of 1,417,855 shares, compared to its average volume of 1,657,269. The company has a debt-to-equity ratio of -22.19, a current ratio of 1.38 and a quick ratio of 1.03. Lockheed Martin has a twelve month low of $266.01 and a twelve month high of $363.00. The firm has a market capitalization of $95,569.20, a PE ratio of 25.11, a P/E/G ratio of 2.94 and a beta of 0.72.
The business also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Thursday, March 1st were given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Wednesday, February 28th. Lockheed Martin’s dividend payout ratio is currently 60.02%.
In other news, Chairman Marillyn A. Hewson sold 19,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 80,478 shares of the company’s stock, valued at approximately $27,904,941.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard F. Ambrose sold 7,517 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were 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. 0.35% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LMT. Cambridge Investment Research Advisors Inc. boosted its holdings in Lockheed Martin by 22.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 44,061 shares of the aerospace company’s stock worth $14,146,000 after buying an additional 7,950 shares during the period. Green Square Capital LLC boosted its holdings in Lockheed Martin by 31.2% in the 4th quarter. Green Square Capital LLC now owns 30,207 shares of the aerospace company’s stock worth $9,698,000 after buying an additional 7,178 shares during the period. Elkfork Partners LLC bought a new position in Lockheed Martin in the 4th quarter worth approximately $2,113,000. Certified Advisory Corp bought a new position in Lockheed Martin in the 4th quarter worth approximately $1,362,000. Finally, D.B. Root & Company LLC bought a new position in Lockheed Martin in the 4th quarter worth approximately $971,000. 78.38% of the stock is owned by institutional investors.
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About Lockheed Martin
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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