Lockheed Martin (NYSE:LMT) released its quarterly earnings results on Monday. The aerospace company reported $6.38 EPS for the quarter, missing the consensus estimate of $6.41 by ($0.03), MarketWatch Earnings reports. Lockheed Martin had a return on equity of 173.43% and a net margin of 10.18%. The firm had revenue of $17.03 billion for the quarter, compared to analysts’ expectations of $16.92 billion. During the same quarter in the prior year, the business earned $5.29 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis.
Shares of LMT traded up $1.82 during midday trading on Wednesday, reaching $332.51. 2,662,228 shares of the stock were exchanged, compared to its average volume of 2,200,707. The business’s 50-day moving average price is $348.79 and its 200 day moving average price is $371.46. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.33 and a quick ratio of 1.12. Lockheed Martin has a twelve month low of $266.11 and a twelve month high of $442.53. The company has a market capitalization of $93.03 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 1.98 and a beta of 0.92.
Several research firms have recently commented on LMT. Robert W. Baird lowered Lockheed Martin from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $420.00 to $368.00 in a research report on Thursday, January 7th. Credit Suisse Group lowered their price target on Lockheed Martin from $351.00 to $334.00 in a research report on Wednesday. Morgan Stanley lowered their price target on Lockheed Martin from $509.00 to $480.00 and set an “overweight” rating for the company in a research report on Thursday, January 7th. Cowen restated a “buy” rating and set a $410.00 price target on shares of Lockheed Martin in a research report on Friday, November 27th. Finally, Royal Bank of Canada lifted their target price on Lockheed Martin from $405.00 to $414.00 and gave the company a “sector perform” rating in a report on Wednesday, October 21st. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $440.59.
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, Rotary and Mission Systems, and Space Systems.
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