Analysts predict that Lockheed Martin Co. (NYSE:LMT) will post sales of $15.24 billion for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Lockheed Martin’s earnings. The highest sales estimate is $15.47 billion and the lowest is $14.98 billion. Lockheed Martin reported sales of $14.43 billion in the same quarter last year, which would suggest a positive year over year growth rate of 5.6%. The firm is expected to issue its next earnings report on Tuesday, July 28th.
On average, analysts expect that Lockheed Martin will report full-year sales of $63.51 billion for the current financial year, with estimates ranging from $63.25 billion to $63.90 billion. For the next year, analysts expect that the firm will report sales of $66.80 billion, with estimates ranging from $64.08 billion to $68.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Lockheed Martin.
Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.08 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.28. Lockheed Martin had a net margin of 10.21% and a return on equity of 185.10%. The firm had revenue of $15.65 billion during the quarter, compared to analysts’ expectations of $15.07 billion. During the same quarter in the previous year, the company posted $5.99 EPS. Lockheed Martin’s revenue was up 9.2% on a year-over-year basis.
LMT has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on shares of Lockheed Martin from $385.00 to $407.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 14th. Credit Suisse Group lowered their price target on shares of Lockheed Martin from $435.00 to $433.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Vertical Research reaffirmed a “buy” rating and issued a $410.00 price objective on shares of Lockheed Martin in a research note on Tuesday, April 21st. Stifel Nicolaus decreased their price target on shares of Lockheed Martin from $480.00 to $440.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Lockheed Martin from $350.00 to $395.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $439.31.
Shares of LMT stock traded down $4.54 on Friday, reaching $362.96. The stock had a trading volume of 27,099 shares, compared to its average volume of 1,712,594. The firm has a market capitalization of $103.06 billion, a price-to-earnings ratio of 16.68, a P/E/G ratio of 2.14 and a beta of 0.96. The company has a quick ratio of 1.00, a current ratio of 1.23 and a debt-to-equity ratio of 3.28. Lockheed Martin has a 12 month low of $266.11 and a 12 month high of $442.53. The firm’s 50-day moving average is $379.21 and its two-hundred day moving average is $386.64.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be given a $2.40 dividend. The ex-dividend date is Monday, August 31st. This represents a $9.60 annualized dividend and a dividend yield of 2.64%. Lockheed Martin’s dividend payout ratio (DPR) is presently 43.74%.
Several institutional investors have recently modified their holdings of the company. Pensionmark Financial Group LLC raised its holdings in Lockheed Martin by 4.1% during the first quarter. Pensionmark Financial Group LLC now owns 714 shares of the aerospace company’s stock valued at $242,000 after buying an additional 28 shares in the last quarter. ProVise Management Group LLC boosted its holdings in shares of Lockheed Martin by 1.4% in the 1st quarter. ProVise Management Group LLC now owns 2,216 shares of the aerospace company’s stock worth $751,000 after acquiring an additional 30 shares in the last quarter. Oarsman Capital Inc. raised its position in Lockheed Martin by 3.3% in the 1st quarter. Oarsman Capital Inc. now owns 935 shares of the aerospace company’s stock worth $317,000 after purchasing an additional 30 shares during the last quarter. Private Vista LLC raised its position in Lockheed Martin by 4.2% in the 1st quarter. Private Vista LLC now owns 762 shares of the aerospace company’s stock worth $257,000 after purchasing an additional 31 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of Lockheed Martin by 1.9% during the 1st quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,735 shares of the aerospace company’s stock valued at $588,000 after acquiring an additional 32 shares during the last quarter. 82.00% of the stock is owned by institutional investors and hedge funds.
Lockheed Martin Company Profile
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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