$16.34 Billion in Sales Expected for Lockheed Martin Co. (NYSE:LMT) This Quarter

Wall Street analysts expect Lockheed Martin Co. (NYSE:LMTGet Rating) to announce sales of $16.34 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Lockheed Martin’s earnings, with the lowest sales estimate coming in at $15.93 billion and the highest estimate coming in at $17.03 billion. Lockheed Martin reported sales of $17.03 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.1%. The company is expected to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Lockheed Martin will report full-year sales of $66.24 billion for the current financial year, with estimates ranging from $65.87 billion to $67.04 billion. For the next fiscal year, analysts anticipate that the company will report sales of $67.13 billion, with estimates ranging from $66.10 billion to $67.53 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Lockheed Martin.

Lockheed Martin (NYSE:LMTGet Rating) last issued its earnings results on Tuesday, April 19th. The aerospace company reported $6.44 EPS for the quarter, topping analysts’ consensus estimates of $6.21 by $0.23. Lockheed Martin had a net margin of 9.45% and a return on equity of 81.35%. The firm had revenue of $14.96 billion during the quarter, compared to the consensus estimate of $15.49 billion. During the same quarter in the previous year, the firm posted $6.56 earnings per share. The company’s revenue was down 8.0% compared to the same quarter last year.

A number of equities analysts recently issued reports on LMT shares. Seaport Res Ptn reaffirmed a “buy” rating on shares of Lockheed Martin in a report on Tuesday, April 19th. Sanford C. Bernstein lifted their price target on shares of Lockheed Martin from $387.00 to $401.00 in a research note on Wednesday, January 26th. Wolfe Research upgraded shares of Lockheed Martin from a “peer perform” rating to an “outperform” rating and set a $467.00 price objective for the company in a research note on Monday, February 28th. StockNews.com cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 25th. Finally, Susquehanna Bancshares raised their price target on Lockheed Martin from $515.00 to $539.00 in a research note on Wednesday, April 20th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $448.86.

In related news, SVP Maryanne Lavan sold 5,832 shares of Lockheed Martin stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $426.27, for a total value of $2,486,006.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Brian P. Colan sold 1,937 shares of the stock in a transaction on Monday, February 28th. The stock was sold at an average price of $426.45, for a total value of $826,033.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,250 shares of company stock worth $7,464,599. 0.17% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Western Pacific Wealth Management LP purchased a new position in Lockheed Martin in the 4th quarter valued at approximately $25,000. Counterpoint Mutual Funds LLC acquired a new stake in Lockheed Martin in the fourth quarter valued at $27,000. Capital Advisory Group Advisory Services LLC purchased a new position in shares of Lockheed Martin in the first quarter valued at $38,000. TAP Consulting LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth $31,000. Finally, Ten Capital Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin in the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 78.89% of the company’s stock.

NYSE:LMT opened at $430.81 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.07 and a current ratio of 1.27. Lockheed Martin has a 1 year low of $324.23 and a 1 year high of $479.99. The stock has a market cap of $114.64 billion, a P/E ratio of 19.03, a P/E/G ratio of 2.84 and a beta of 0.79. The stock has a 50-day simple moving average of $444.84 and a 200-day simple moving average of $388.76.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Wednesday, June 1st will be issued a dividend of $2.80 per share. This represents a $11.20 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Tuesday, May 31st. Lockheed Martin’s dividend payout ratio is presently 49.47%.

About Lockheed Martin (Get Rating)

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.

See Also

Get a free copy of the Zacks research report on Lockheed Martin (LMT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Lockheed Martin (NYSE:LMT)

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.