Wall Street analysts expect Lockheed Martin Co. (NYSE:LMT – Get 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:LMT – Get 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.
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.
- Get a free copy of the StockNews.com research report on Lockheed Martin (LMT)
- MarketBeat Podcast: Investing In Innovation, Robotics, AI and Healthcare
- GitLab Stock is Trying to Put in a Bottom Here
- It’s Time to Book an Appointment for Teladoc Stock
- Saia Growth Accelerates But It May Not Matter
- onsemi Is A Deep-Value In The Chip Sector
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.