Lockheed Martin (LMT) to Release Quarterly Earnings on Tuesday

by · The Cerbat Gem

Lockheed Martin (NYSE:LMT – Get Free Report) will likely be announcing its earnings results before the market opens on Tuesday, April 22nd. Analysts expect the company to announce earnings of $6.42 per share and revenue of $17.83 billion for the quarter. Lockheed Martin has set its FY 2025 guidance at 27.000-27.300 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Lockheed Martin (NYSE:LMT – Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, analysts expect Lockheed Martin to post $27 EPS for the current fiscal year and $30 EPS for the next fiscal year.

Lockheed Martin Trading Down 2.8 %

Shares of Lockheed Martin stock opened at $463.80 on Monday. The company has a fifty day simple moving average of $452.24 and a 200-day simple moving average of $495.75. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. Lockheed Martin has a 12-month low of $418.88 and a 12-month high of $618.95. The stock has a market cap of $108.79 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 2.07 and a beta of 0.39.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were given a dividend of $3.30 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.85%. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Insider Transactions at Lockheed Martin

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares of the company’s stock, valued at $884,840. The trade was a 61.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Harry Edward Paul III sold 707 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the transaction, the vice president now directly owns 2,278 shares in the company, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock worth $3,155,916 over the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lockheed Martin

An institutional investor recently raised its position in Lockheed Martin stock. Brighton Jones LLC increased its holdings in shares of Lockheed Martin Co. (NYSE:LMT – Free Report) by 5.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,995 shares of the aerospace company’s stock after purchasing an additional 191 shares during the quarter. Brighton Jones LLC’s holdings in Lockheed Martin were worth $1,941,000 as of its most recent filing with the SEC. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the subject of several recent research reports. Barclays decreased their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Morgan Stanley raised Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price objective for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. dropped their price objective on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their target price for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Finally, Melius Research lowered shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and a consensus price target of $539.93.

View Our Latest Research Report on LMT

Lockheed Martin Company Profile

(Get Free Report)

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.

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