Lockheed Martin (LMT) Announces Earnings Results

Lockheed Martin (NYSE:LMT) announced its quarterly earnings results on Tuesday. The aerospace company reported $5.99 EPS for the quarter, topping the Zacks’ consensus estimate of $4.29 by $1.70, Bloomberg Earnings reports. The business had revenue of $14.34 billion for the quarter, compared to analysts’ expectations of $12.48 billion. Lockheed Martin had a return on equity of 726.78% and a net margin of 9.39%. The business’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the firm earned $4.02 EPS. Lockheed Martin updated its FY19 guidance to $20.05-20.35 EPS.

NYSE LMT opened at $333.10 on Wednesday. The company has a debt-to-equity ratio of 8.70, a quick ratio of 0.91 and a current ratio of 1.12. Lockheed Martin has a twelve month low of $241.18 and a twelve month high of $361.99. The company has a market cap of $88.85 billion, a P/E ratio of 18.66, a PEG ratio of 2.33 and a beta of 1.01.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were given a dividend of $2.20 per share. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $8.80 annualized dividend and a dividend yield of 2.64%. Lockheed Martin’s dividend payout ratio is presently 49.30%.



In related news, Director Ilene S. Gordon bought 750 shares of the company’s stock in a transaction on Monday, February 25th. The shares were acquired at an average cost of $306.04 per share, with a total value of $229,530.00. Following the completion of the acquisition, the director now owns 750 shares of the company’s stock, valued at approximately $229,530. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Richard F. Ambrose sold 6,647 shares of the business’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $301.34, for a total value of $2,003,006.98. Following the completion of the sale, the executive vice president now directly owns 4,218 shares in the company, valued at $1,271,052.12. The disclosure for this sale can be found here. Insiders have sold 85,186 shares of company stock worth $26,010,927 over the last 90 days. 0.35% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Capital Investment Advisory Services LLC boosted its holdings in Lockheed Martin by 2.7% in the first quarter. Capital Investment Advisory Services LLC now owns 1,288 shares of the aerospace company’s stock worth $387,000 after acquiring an additional 34 shares in the last quarter. Lederer & Associates Investment Counsel CA boosted its holdings in Lockheed Martin by 0.7% in the fourth quarter. Lederer & Associates Investment Counsel CA now owns 5,149 shares of the aerospace company’s stock worth $1,348,000 after acquiring an additional 35 shares in the last quarter. Belpointe Asset Management LLC boosted its holdings in Lockheed Martin by 1.4% in the fourth quarter. Belpointe Asset Management LLC now owns 2,583 shares of the aerospace company’s stock worth $676,000 after acquiring an additional 35 shares in the last quarter. Physicians Financial Services Inc. lifted its holdings in shares of Lockheed Martin by 0.8% during the fourth quarter. Physicians Financial Services Inc. now owns 4,795 shares of the aerospace company’s stock valued at $1,256,000 after purchasing an additional 37 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its holdings in shares of Lockheed Martin by 1.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,832 shares of the aerospace company’s stock valued at $742,000 after purchasing an additional 38 shares in the last quarter. 78.31% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have commented on LMT shares. Zacks Investment Research cut Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 14th. Vertical Group raised Lockheed Martin from a “hold” rating to a “buy” rating in a research note on Thursday, January 10th. Citigroup decreased their price target on Lockheed Martin from $400.00 to $338.00 and set a “buy” rating on the stock in a research note on Monday, January 14th. Bank of America reissued a “buy” rating and set a $390.00 target price on shares of Lockheed Martin in a research note on Wednesday, January 30th. Finally, Credit Suisse Group reissued a “hold” rating and set a $297.00 target price on shares of Lockheed Martin in a research note on Wednesday, January 23rd. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $349.38.

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Lockheed Martin Company Profile

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Earnings History for Lockheed Martin (NYSE:LMT)

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