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%.
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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