Lockheed Martin (NYSE:LMT) Posts Quarterly Earnings Results, Beats Expectations By $0.24 EPS

Lockheed Martin (NYSE:LMT) announced its earnings results on Monday. The aerospace company reported $6.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.32 by $0.24, MarketWatch Earnings reports. The company had revenue of $16.26 billion during the quarter, compared to analysts’ expectations of $16.42 billion. Lockheed Martin had a net margin of 10.18% and a return on equity of 173.43%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.08 earnings per share.

LMT traded down $0.09 during trading on Wednesday, hitting $387.24. 1,344,666 shares of the company’s stock were exchanged, compared to its average volume of 1,883,866. The company has a current ratio of 1.33, a quick ratio of 1.12 and a debt-to-equity ratio of 2.34. Lockheed Martin has a 1 year low of $319.81 and a 1 year high of $417.62. The stock has a 50 day moving average price of $362.89 and a 200 day moving average price of $357.78. The firm has a market cap of $108.47 billion, a P/E ratio of 16.78, a price-to-earnings-growth ratio of 1.98 and a beta of 0.92.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 25th. Shareholders of record on Tuesday, June 1st will be paid a dividend of $2.60 per share. This represents a $10.40 annualized dividend and a yield of 2.69%. Lockheed Martin’s dividend payout ratio is currently 47.38%.

A number of research firms have recently weighed in on LMT. Morgan Stanley boosted their price objective on shares of Lockheed Martin from $445.00 to $458.00 and gave the company an “overweight” rating in a research report on Wednesday. Robert W. Baird lowered shares of Lockheed Martin from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $420.00 to $368.00 in a research report on Thursday, January 7th. Credit Suisse Group lowered their target price on shares of Lockheed Martin from $351.00 to $334.00 in a report on Wednesday, January 27th. Finally, Wolfe Research assumed coverage on shares of Lockheed Martin in a report on Friday, April 9th. They issued a “peer perform” rating for the company. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $424.08.

About Lockheed Martin

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.

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Earnings History for Lockheed Martin (NYSE:LMT)

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