Lockheed Martin (LMT) Posts Quarterly Earnings, Beats Estimates By $0.34 EPS
Lockheed Martin (NYSE:LMT) released its earnings data on Tuesday. The company reported $2.87 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.53 by $0.34, Analyst Ratings Net reports. The company had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.90 billion.
Shares of Lockheed Martin (NYSE:LMT) opened at 161.49 on Tuesday. Lockheed Martin has a 52-week low of $95.86 and a 52-week high of $168.41. The stock has a 50-day moving average of $161.2 and a 200-day moving average of $147.9. The company has a market cap of $51.515 billion and a price-to-earnings ratio of 17.54.
A number of analysts have recently weighed in on LMT shares. Analysts at Citigroup Inc. raised their price target on shares of Lockheed Martin from $201.00 to $217.00 in a research note on Wednesday, April 9th. They now have a “buy” rating on the stock. On a related note, analysts at Deutsche Bank raised their price target on shares of Lockheed Martin from $154.00 to $166.00 in a research note on Monday, April 7th. Finally, analysts at RBC Capital raised their price target on shares of Lockheed Martin to $175.00 in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $161.47.
Lockheed Martin Corporation 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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