Equities analysts predict that Lockheed Martin Co. (NYSE:LMT) will announce earnings per share of $4.06 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Lockheed Martin’s earnings, with the highest EPS estimate coming in at $4.17 and the lowest estimate coming in at $3.93. Lockheed Martin posted earnings per share of $3.25 in the same quarter last year, which indicates a positive year-over-year growth rate of 24.9%. The business is expected to announce its next earnings results before the market opens on Monday, January 29th.

According to Zacks, analysts expect that Lockheed Martin will report full year earnings of $13.11 per share for the current fiscal year, with EPS estimates ranging from $12.90 to $13.25. For the next financial year, analysts anticipate that the company will post earnings of $13.76 per share, with EPS estimates ranging from $12.90 to $15.40. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Lockheed Martin.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 24th. The aerospace company reported $3.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.26 by ($0.02). The firm had revenue of $12.17 billion for the quarter, compared to analysts’ expectations of $12.83 billion. Lockheed Martin had a net margin of 7.31% and a return on equity of 221.41%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.61 EPS.

Several equities research analysts have recently commented on LMT shares. Bank of America set a $360.00 target price on shares of Lockheed Martin and gave the stock a “buy” rating in a research report on Friday, October 27th. Royal Bank of Canada set a $314.00 target price on shares of Lockheed Martin and gave the stock a “hold” rating in a research report on Wednesday, November 15th. Buckingham Research raised their target price on shares of Lockheed Martin from $316.00 to $348.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. Zacks Investment Research cut shares of Lockheed Martin from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, Stifel Nicolaus raised their target price on shares of Lockheed Martin from $320.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $323.67.

Shares of Lockheed Martin (NYSE LMT) opened at $336.25 on Friday. Lockheed Martin has a 12-month low of $248.00 and a 12-month high of $336.35. The company has a debt-to-equity ratio of 6.56, a current ratio of 1.32 and a quick ratio of 0.95. The company has a market cap of $96,410.00, a PE ratio of 27.27, a PEG ratio of 3.28 and a beta of 0.58.

Lockheed Martin declared that its Board of Directors has initiated a stock buyback program on Thursday, September 28th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the aerospace company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

In other news, Director Daniel F. Akerson acquired 2,500 shares of Lockheed Martin stock in a transaction on Wednesday, October 25th. The stock was acquired at an average cost of $312.02 per share, for a total transaction of $780,050.00. Following the purchase, the director now owns 7,432 shares in the company, valued at $2,318,932.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dale P. Bennett sold 2,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $313.75, for a total transaction of $627,500.00. The disclosure for this sale can be found here. 0.39% of the stock is owned by company insiders.

A hedge fund recently bought a new stake in Lockheed Martin stock. Buckingham Capital Management Inc. acquired a new stake in shares of Lockheed Martin Co. (NYSE:LMT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 670 shares of the aerospace company’s stock, valued at approximately $208,000. 78.81% of the stock is owned by institutional investors and hedge funds.

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About Lockheed Martin

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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