Lockheed Martin (NYSE:LMT) will announce its earnings results before the market opens on Tuesday, October 20th. Analysts expect the company to announce earnings of $6.07 per share for the quarter. Lockheed Martin has set its FY 2020
Pre-Market guidance at 23.75-24.05 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.
Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 21st. The aerospace company reported $5.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.72 by $0.07. Lockheed Martin had a return on equity of 182.05% and a net margin of 10.25%. The firm had revenue of $16.22 billion during the quarter, compared to analysts’ expectations of $15.19 billion. During the same quarter last year, the business posted $5.00 earnings per share. The firm’s revenue was up 12.4% on a year-over-year basis. On average, analysts expect Lockheed Martin to post $25 EPS for the current fiscal year and $27 EPS for the next fiscal year.
NYSE LMT opened at $386.50 on Friday. Lockheed Martin has a 12 month low of $266.11 and a 12 month high of $442.53. The company has a current ratio of 1.31, a quick ratio of 1.08 and a debt-to-equity ratio of 3.22. The stock has a market cap of $108.04 billion, a PE ratio of 16.94, a P/E/G ratio of 2.29 and a beta of 0.95. The stock’s 50 day moving average is $387.58 and its 200 day moving average is $379.24.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $2.60 per share. This is a positive change from Lockheed Martin’s previous quarterly dividend of $2.40. This represents a $10.40 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Monday, November 30th. Lockheed Martin’s dividend payout ratio (DPR) is 43.74%.
A number of equities analysts recently weighed in on the stock. Royal Bank of Canada dropped their target price on shares of Lockheed Martin from $410.00 to $404.00 in a research report on Friday, July 17th. ValuEngine upgraded Lockheed Martin from a “sell” rating to a “hold” rating in a research report on Wednesday, August 26th. Argus boosted their target price on Lockheed Martin from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Morgan Stanley initiated coverage on Lockheed Martin in a research note on Tuesday, September 8th. They set an “overweight” rating and a $509.00 price target for the company. Finally, Goldman Sachs Group downgraded Lockheed Martin from a “conviction-buy” rating to a “buy” rating in a research note on Sunday, September 20th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Lockheed Martin has a consensus rating of “Buy” and an average price target of $450.59.
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, Rotary and Mission Systems, and Space Systems.
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