Lockheed Martin (LMT) to Release Earnings on Tuesday

Lockheed Martin (NYSE:LMT) is expected to announce 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.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate 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 Up 0.1 %

LMT stock opened at $475.44 on Tuesday. The business has a fifty day moving average price of $450.55 and a 200 day moving average price of $499.42. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin has a fifty-two week low of $418.88 and a fifty-two week high of $618.95. The stock has a market capitalization of $111.53 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 2.07 and a beta of 0.39.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were issued a $3.30 dividend. The ex-dividend date was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.78%. Lockheed Martin’s dividend payout ratio is 59.30%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LMT. UBS Group lowered their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Tuesday, April 1st. Melius Research cut Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Truist Financial assumed coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price on the stock. Finally, Barclays dropped their price target 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and an average target price of $536.60.

Insider Buying and Selling

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 2,000 shares of the company’s stock, valued at $884,840. This trade represents a 61.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the completion of the sale, the vice president now directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,133 shares of company stock valued at $3,155,916. Company insiders own 0.17% of the company’s stock.

Institutional Trading of Lockheed Martin

An institutional investor recently raised its position in Lockheed Martin stock. Brighton Jones LLC lifted its position in Lockheed Martin Co. (NYSE:LMT) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,995 shares of the aerospace company’s stock after buying 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 SEC filing. Institutional investors and hedge funds own 74.19% of the company’s stock.

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.