Lockheed Martin Co. (LMT) Expected to Announce Earnings of $4.30 Per Share

Wall Street analysts expect Lockheed Martin Co. (NYSE:LMT) to post earnings of $4.30 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Lockheed Martin’s earnings, with the highest EPS estimate coming in at $4.50 and the lowest estimate coming in at $4.13. Lockheed Martin reported earnings of $4.02 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 7%. The business is expected to issue its next quarterly earnings results on Tuesday, April 23rd.

On average, analysts expect that Lockheed Martin will report full-year earnings of $19.48 per share for the current year, with EPS estimates ranging from $19.20 to $19.85. For the next fiscal year, analysts anticipate that the business will report earnings of $24.54 per share, with EPS estimates ranging from $21.95 to $25.62. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Lockheed Martin.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share for the quarter, hitting the consensus estimate of $4.39. The business had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.75 billion. Lockheed Martin had a net margin of 9.39% and a return on equity of 726.78%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($2.25) EPS.

A number of equities research analysts recently weighed in on LMT shares. Jefferies Financial Group reissued a “hold” rating and issued a $313.00 price target on shares of Lockheed Martin in a research report on Tuesday, February 5th. Citigroup reduced their price target on shares of Lockheed Martin from $400.00 to $338.00 and set a “buy” rating for the company in a research report on Monday, January 14th. Vertical Group raised shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. ValuEngine downgraded Lockheed Martin from a “hold” rating to a “sell” rating in a report on Tuesday, December 25th. Finally, Barclays reduced their target price on Lockheed Martin from $369.00 to $325.00 and set an “equal weight” rating for the company in a report on Tuesday, December 4th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $350.00.

Shares of NYSE:LMT traded up $6.23 during trading on Friday, hitting $307.23. 847,491 shares of the company were exchanged, compared to its average volume of 1,322,362. The company has a market capitalization of $86.81 billion, a PE ratio of 17.21, a P/E/G ratio of 2.26 and a beta of 1.02. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 8.70. Lockheed Martin has a 12-month low of $241.18 and a 12-month high of $363.00.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be paid a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, February 28th. Lockheed Martin’s dividend payout ratio is presently 49.30%.

In other Lockheed Martin news, insider Michele A. Evans sold 7,690 shares of the company’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $298.78, for a total transaction of $2,297,618.20. Following the completion of the sale, the insider now directly owns 7,690 shares of the company’s stock, valued at approximately $2,297,618.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Richard F. Ambrose sold 6,647 shares of the company’s stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $301.34, for a total value of $2,003,006.98. Following the sale, the executive vice president now owns 4,218 shares of the company’s stock, valued at approximately $1,271,052.12. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Bremer Trust National Association purchased a new position in Lockheed Martin during the fourth quarter worth about $25,000. ERTS Wealth Advisors LLC purchased a new position in Lockheed Martin during the fourth quarter worth about $26,000. Van ECK Associates Corp purchased a new position in shares of Lockheed Martin during the 4th quarter worth approximately $29,000. Virtus ETF Advisers LLC purchased a new position in shares of Lockheed Martin during the 4th quarter worth approximately $31,000. Finally, Clarfeld Financial Advisors LLC purchased a new position in shares of Lockheed Martin during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 85.33% of the company’s stock.

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

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