Lockheed Martin (LMT) Set to Announce Earnings on Tuesday

Lockheed Martin (NYSE:LMT) will be posting its quarterly earnings results before the market opens on Tuesday, July 23rd. Analysts expect Lockheed Martin to post earnings of $4.72 per share for the quarter. Lockheed Martin has set its FY19 guidance at $20.05-20.35 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $5.99 earnings per share for the quarter, beating the consensus estimate of $4.29 by $1.70. The firm had revenue of $14.34 billion for the quarter, compared to analyst estimates of $12.48 billion. Lockheed Martin had a return on equity of 415.92% and a net margin of 9.91%. Lockheed Martin’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the firm earned $4.02 earnings per share. On average, analysts expect Lockheed Martin to post $21 EPS for the current fiscal year and $25 EPS for the next fiscal year.

NYSE:LMT opened at $356.96 on Monday. The firm has a market capitalization of $100.86 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 2.48 and a beta of 0.96. Lockheed Martin has a 1-year low of $241.18 and a 1-year high of $373.37. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 5.00. The company’s fifty day simple moving average is $358.14.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be given a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Friday, August 30th. Lockheed Martin’s payout ratio is 49.30%.

In other news, Director David B. Burritt sold 2,100 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $330.21, for a total transaction of $693,441.00. Following the transaction, the director now owns 6,030 shares of the company’s stock, valued at approximately $1,991,166.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Several brokerages have weighed in on LMT. Barclays reaffirmed a “buy” rating on shares of Netflix in a research report on Thursday, May 16th. ValuEngine lowered Viewray from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Cowen reaffirmed an “outperform” rating and issued a $230.00 target price (up from $200.00) on shares of Norfolk Southern in a research report on Wednesday, April 24th. Bank of America reaffirmed a “buy” rating and issued a $60.00 target price (up from $55.00) on shares of Western Digital in a research report on Wednesday, April 24th. Finally, Morgan Stanley set a $18.00 target price on PG&E and gave the stock a “hold” rating in a research report on Friday, June 14th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Lockheed Martin currently has an average rating of “Buy” and a consensus target price of $359.31.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Earnings History for Lockheed Martin (NYSE:LMT)

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