Lockheed Martin Corp. (LMT) to Release Earnings on Tuesday
Lockheed Martin Corp. (NYSE:LMT) will be posting its Q313 quarterly earnings results on Tuesday, October 22nd. Analysts expect Lockheed Martin Corp. to post earnings of $2.26 per share and revenue of $11.15 billion for the quarter. Lockheed Martin Corp. has set its FY13 guidance at $9.20-9.50 EPS.
Lockheed Martin Corp. (NYSE:LMT) last released its earnings data on Tuesday, July 23rd. The company reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.44. The company had revenue of $11.40 billion for the quarter, compared to the consensus estimate of $11.12 billion. During the same quarter in the previous year, the company posted $2.38 earnings per share. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, analysts expect Lockheed Martin Corp. to post $9.50 EPS for the current fiscal year and $9.68 EPS for the next fiscal year.
Shares of Lockheed Martin Corp. (NYSE:LMT) traded down 2.72% on Monday, hitting $125.39. The stock had a trading volume of 2,723,109 shares. Lockheed Martin Corp. has a 52-week low of $85.88 and a 52-week high of $131.60. The stock has a 50-day moving average of $126.3 and a 200-day moving average of $113.2. The company has a market cap of $39.999 billion and a P/E ratio of 14.46.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 27th. Investors of record on Monday, December 2nd will be paid a dividend of $1.33 per share. This represents a $5.32 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Wednesday, November 27th. This is an increase from Lockheed Martin Corp.’s previous quarterly dividend of $1.15.
LMT has been the subject of a number of recent research reports. Analysts at RBC Capital reiterated a “hold” rating on shares of Lockheed Martin Corp. in a research note to investors on Wednesday, October 9th. They now have a $133.00 price target on the stock. On the ratings front, analysts at Deutsche Bank raised their price target on shares of Lockheed Martin Corp. from $120.00 to $122.00 in a research note to investors on Wednesday, October 9th. They now have a “hold” rating on the stock. Finally, analysts at UBS AG reiterated a “sell” rating on shares of Lockheed Martin Corp. in a research note to investors on Friday, September 27th. They now have a $113.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $123.00.
Lockheed Martin Corporation, incorporated on August 29, 1994, is a global security and aerospace company principally engaged in the research, design, development, manufacture, integration, and sustainment of technology systems and products.
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