Lockheed Martin Co. (NYSE:LMT) Expected to Announce Earnings of $4.97 Per Share

Brokerages forecast that Lockheed Martin Co. (NYSE:LMT) will announce earnings of $4.97 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Lockheed Martin’s earnings. The highest EPS estimate is $5.10 and the lowest is $4.88. Lockheed Martin reported earnings per share of $4.39 during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.2%. The company is expected to issue its next quarterly earnings report on Tuesday, February 4th.

According to Zacks, analysts expect that Lockheed Martin will report full-year earnings of $21.62 per share for the current year, with EPS estimates ranging from $21.55 to $21.75. For the next year, analysts anticipate that the business will report earnings of $24.26 per share, with EPS estimates ranging from $23.25 to $25.35. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Lockheed Martin.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $5.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.02 by $0.64. The firm had revenue of $15.17 billion during the quarter, compared to analyst estimates of $14.87 billion. Lockheed Martin had a net margin of 10.26% and a return on equity of 221.59%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $5.14 EPS.

LMT has been the subject of a number of analyst reports. Barclays reissued a “hold” rating and set a $410.00 target price on shares of Lockheed Martin in a research note on Wednesday, October 9th. Buckingham Research increased their price target on Lockheed Martin from $405.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. They noted that the move was a valuation call. ValuEngine lowered Lockheed Martin from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Credit Suisse Group decreased their target price on Lockheed Martin from $401.00 to $385.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, Morgan Stanley dropped their price target on Lockheed Martin from $381.00 to $364.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $371.79.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Lockheed Martin by 0.5% during the second quarter. Vanguard Group Inc. now owns 21,642,359 shares of the aerospace company’s stock worth $7,867,863,000 after acquiring an additional 111,239 shares in the last quarter. Northern Trust Corp increased its holdings in Lockheed Martin by 1.3% during the 2nd quarter. Northern Trust Corp now owns 3,153,040 shares of the aerospace company’s stock worth $1,146,256,000 after purchasing an additional 41,269 shares in the last quarter. Invesco Ltd. increased its holdings in Lockheed Martin by 360.8% during the 2nd quarter. Invesco Ltd. now owns 2,615,225 shares of the aerospace company’s stock worth $950,739,000 after purchasing an additional 2,047,707 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Lockheed Martin by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 1,981,732 shares of the aerospace company’s stock worth $720,440,000 after purchasing an additional 9,767 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Lockheed Martin by 3.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,940,513 shares of the aerospace company’s stock worth $705,455,000 after purchasing an additional 72,256 shares during the last quarter. 78.50% of the stock is currently owned by institutional investors.

Shares of NYSE:LMT traded up $0.92 during trading on Tuesday, reaching $386.86. The stock had a trading volume of 708,097 shares, compared to its average volume of 1,165,633. Lockheed Martin has a 52 week low of $241.18 and a 52 week high of $399.96. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.05 and a current ratio of 1.28. The firm’s fifty day moving average is $382.63 and its 200 day moving average is $372.49. The stock has a market cap of $108.78 billion, a price-to-earnings ratio of 21.67, a P/E/G ratio of 2.55 and a beta of 0.96.

Lockheed Martin announced that its board has approved a stock buyback plan on Thursday, September 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the aerospace company to buy up to 1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a $2.40 dividend. This represents a $9.60 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Friday, November 29th. This is a boost from Lockheed Martin’s previous quarterly dividend of $2.20. Lockheed Martin’s dividend payout ratio (DPR) is 53.78%.

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 and Estimates for Lockheed Martin (NYSE:LMT)

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