Wall Street analysts predict that Lockheed Martin Co. (NYSE:LMT) will post earnings of $4.29 per share for the current quarter, Zacks reports. Four analysts have provided estimates for Lockheed Martin’s earnings, with estimates ranging from $4.13 to $4.49. Lockheed Martin posted earnings of $4.02 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.7%. The business is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, April 23rd.

According to Zacks, analysts expect that Lockheed Martin will report full year earnings of $19.46 per share for the current fiscal year, with EPS estimates ranging from $19.20 to $19.80. For the next fiscal year, analysts forecast that the firm will post earnings of $24.46 per share, with EPS estimates ranging from $21.95 to $25.62. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Lockheed Martin.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $4.39. The business had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.75 billion. Lockheed Martin had a net margin of 9.39% and a return on equity of 726.78%. Lockheed Martin’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($2.25) EPS.

A number of research firms recently weighed in on LMT. ValuEngine lowered shares of Lockheed Martin from a “hold” rating to a “sell” rating in a report on Tuesday, December 25th. Susquehanna Bancshares began coverage on shares of Lockheed Martin in a report on Thursday, January 10th. They set a “positive” rating and a $321.00 target price on the stock. Morgan Stanley reaffirmed an “equal weight” rating on shares of Lockheed Martin in a report on Thursday, January 10th. Vertical Research raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $340.00 target price on the stock in a report on Thursday, January 10th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $313.00 target price on shares of Lockheed Martin in a report on Tuesday, February 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $350.00.

Lockheed Martin stock opened at $314.26 on Thursday. The company has a debt-to-equity ratio of 8.70, a quick ratio of 0.91 and a current ratio of 1.12. The company has a market cap of $88.80 billion, a P/E ratio of 17.61, a PEG ratio of 2.33 and a beta of 1.01. Lockheed Martin has a 1-year low of $241.18 and a 1-year high of $361.99.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were paid a $2.20 dividend. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $8.80 dividend on an annualized basis and a yield of 2.80%. Lockheed Martin’s dividend payout ratio is presently 49.30%.

In other news, Chairman Marillyn A. Hewson sold 59,434 shares of the company’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $306.60, for a total value of $18,222,464.40. Following the completion of the sale, the chairman now owns 109,531 shares of the company’s stock, valued at approximately $33,582,204.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Frank A. St sold 1,900 shares of the company’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $305.42, for a total transaction of $580,298.00. Following the completion of the sale, the insider now directly owns 551 shares of the company’s stock, valued at approximately $168,286.42. The disclosure for this sale can be found here. In the last three months, insiders sold 85,186 shares of company stock valued at $26,010,927. Corporate insiders own 0.35% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Lederer & Associates Investment Counsel CA boosted its stake in shares of Lockheed Martin by 0.7% in the 4th quarter. Lederer & Associates Investment Counsel CA now owns 5,149 shares of the aerospace company’s stock valued at $1,348,000 after purchasing an additional 35 shares in the last quarter. Belpointe Asset Management LLC boosted its stake in shares of Lockheed Martin by 1.4% in the 4th quarter. Belpointe Asset Management LLC now owns 2,583 shares of the aerospace company’s stock valued at $676,000 after purchasing an additional 35 shares in the last quarter. Physicians Financial Services Inc. boosted its stake in shares of Lockheed Martin by 0.8% in the 4th 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. Wealthcare Advisory Partners LLC boosted its stake in shares of Lockheed Martin by 1.4% in the 4th 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. Finally, Windsor Group LTD boosted its position in Lockheed Martin by 3.0% during the 1st quarter. Windsor Group LTD now owns 1,307 shares of the aerospace company’s stock valued at $392,000 after buying an additional 38 shares during the period. 78.31% of the stock is owned by institutional investors.

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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