Lockheed Martin Co. (NYSE:LMT) Expected to Announce Quarterly Sales of $15.24 Billion

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.

Featured Article: Oversold

Get a free copy of the Zacks research report on Lockheed Martin (LMT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Lockheed Martin (NYSE:LMT)

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.