Lockheed Martin (LMT) to Release Earnings on Tuesday

Lockheed Martin (NYSE:LMTGet Free Report) is expected to be posting its quarterly earnings results before the market opens on Tuesday, January 28th. Analysts expect Lockheed Martin to post earnings of $6.58 per share and revenue of $18,746,649.98 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Lockheed Martin (NYSE:LMTGet Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.77 EPS. On average, analysts expect Lockheed Martin to post $27 EPS for the current fiscal year and $28 EPS for the next fiscal year.

Lockheed Martin Price Performance

LMT stock opened at $490.60 on Tuesday. The business has a 50 day moving average price of $504.80 and a 200 day moving average price of $536.03. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The stock has a market cap of $116.29 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 3.76 and a beta of 0.48. Lockheed Martin has a fifty-two week low of $413.92 and a fifty-two week high of $618.95.

Analyst Upgrades and Downgrades

LMT has been the subject of several research analyst reports. UBS Group upped their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. TD Cowen upped their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Citigroup boosted their target price on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company dropped their price target on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $584.40.

View Our Latest Stock Analysis on LMT

Lockheed Martin Company Profile

(Get Free Report)

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.

Further Reading

Earnings History for Lockheed Martin (NYSE:LMT)

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