$3.27 Earnings Per Share Expected for Lockheed Martin Corporation (LMT) This Quarter
Wall Street brokerages predict that Lockheed Martin Corporation (NYSE:LMT) will report earnings of $3.27 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Lockheed Martin Corporation’s earnings, with estimates ranging from $3.17 to $3.35. Lockheed Martin Corporation posted earnings of $3.61 per share in the same quarter last year, which suggests a negative year over year growth rate of 9.4%. The firm is expected to report its next quarterly earnings report on Tuesday, October 24th.
According to Zacks, analysts expect that Lockheed Martin Corporation will report full year earnings of $12.63 per share for the current financial year, with EPS estimates ranging from $12.50 to $12.80. For the next fiscal year, analysts expect that the business will report earnings of $14.12 per share, with EPS estimates ranging from $12.90 to $14.75. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Lockheed Martin Corporation.
Lockheed Martin Corporation (NYSE:LMT) last released its quarterly earnings results on Tuesday, July 18th. The aerospace company reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.13. Lockheed Martin Corporation had a return on equity of 221.92% and a net margin of 10.37%. The firm had revenue of $12.69 billion for the quarter, compared to analyst estimates of $12.43 billion. During the same quarter in the previous year, the company posted $3.32 EPS. The business’s revenue was up 9.6% on a year-over-year basis.
A number of research analysts have recently issued reports on the company. Royal Bank Of Canada set a $289.00 price objective on Lockheed Martin Corporation and gave the company a “hold” rating in a research note on Friday, August 25th. Jefferies Group LLC reaffirmed a “hold” rating and set a $265.00 price objective on shares of Lockheed Martin Corporation in a research note on Tuesday, August 22nd. Cowen and Company reaffirmed a “hold” rating and set a $295.00 price objective on shares of Lockheed Martin Corporation in a research note on Monday, August 14th. BidaskClub raised Lockheed Martin Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Finally, Morgan Stanley began coverage on Lockheed Martin Corporation in a research note on Tuesday, August 8th. They issued an “overweight” rating and a $342.00 target price on the stock. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $298.10.
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In other Lockheed Martin Corporation news, VP Brian P. Colan sold 350 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $306.19, for a total transaction of $107,166.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Marillyn A. Hewson sold 26,000 shares of the business’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $290.53, for a total transaction of $7,553,780.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,220 shares of company stock valued at $13,293,563. 0.39% of the stock is owned by company insiders.
Shares of Lockheed Martin Corporation (NYSE:LMT) opened at 302.35 on Friday. Lockheed Martin Corporation has a 52-week low of $228.50 and a 52-week high of $308.48. The company has a market cap of $87.07 billion, a price-to-earnings ratio of 17.54 and a beta of 0.59. The firm has a 50 day moving average price of $299.31 and a 200-day moving average price of $280.50.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be issued a $1.82 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $7.28 dividend on an annualized basis and a yield of 2.41%. Lockheed Martin Corporation’s payout ratio is currently 42.52%.
Lockheed Martin Corporation Company Profile
Lockheed Martin Corporation is a security and aerospace company. The Company operates through four segments. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies.
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