Lockheed Martin (LMT) Set to Announce Quarterly Earnings on Tuesday

Lockheed Martin (NYSE:LMT) will release its earnings data before the market opens on Tuesday, April 16th. Analysts expect Lockheed Martin to post earnings of $5.86 per share for the quarter. Lockheed Martin has set its FY 2024 guidance at 25.650-26.350 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, beating the consensus estimate of $7.26 by $0.64. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The firm had revenue of $18.87 billion during the quarter, compared to analyst estimates of $17.96 billion. During the same quarter in the previous year, the business earned $7.79 EPS. Lockheed Martin’s revenue for the quarter was down .6% compared to the same quarter last year. On average, analysts expect Lockheed Martin to post $26 EPS for the current fiscal year and $28 EPS for the next fiscal year.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $450.40 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53. Lockheed Martin has a twelve month low of $393.77 and a twelve month high of $508.10. The business has a 50-day moving average price of $436.96 and a 200 day moving average price of $441.40. The firm has a market cap of $108.32 billion, a PE ratio of 16.35, a P/E/G ratio of 4.11 and a beta of 0.48.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were paid a $3.15 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $12.60 annualized dividend and a dividend yield of 2.80%. Lockheed Martin’s dividend payout ratio is presently 45.74%.

Insider Transactions at Lockheed Martin

In other news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock worth $7,249,946 in the last ninety days. Insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Coppell Advisory Solutions Corp. purchased a new stake in shares of Lockheed Martin during the fourth quarter worth $31,000. KB Financial Partners LLC purchased a new stake in shares of Lockheed Martin during the first quarter worth $35,000. Milestone Investment Advisors LLC purchased a new stake in shares of Lockheed Martin during the first quarter worth $38,000. Live Oak Investment Partners purchased a new stake in shares of Lockheed Martin during the fourth quarter worth $41,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in shares of Lockheed Martin during the second quarter worth $56,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on LMT. Royal Bank of Canada cut their price target on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 24th. Morgan Stanley cut their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Susquehanna cut their price objective on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. Citigroup cut their price objective on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. Finally, UBS Group cut their price objective on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a research note on Wednesday, January 24th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $490.00.

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