Wall Street analysts predict that Lockheed Martin Co. (NYSE:LMT) will announce earnings of $4.73 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Lockheed Martin’s earnings. The lowest EPS estimate is $4.54 and the highest is $5.08. Lockheed Martin posted earnings of $4.31 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.7%. The firm is expected to announce its next earnings results on Tuesday, July 23rd.

According to Zacks, analysts expect that Lockheed Martin will report full-year earnings of $20.28 per share for the current year, with EPS estimates ranging from $19.27 to $21.55. For the next fiscal year, analysts anticipate that the business will post earnings of $24.73 per share, with EPS estimates ranging from $22.20 to $26.85. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Lockheed Martin.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $5.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.29 by $1.70. The business had revenue of $14.34 billion for the quarter, compared to the consensus estimate of $12.48 billion. Lockheed Martin had a return on equity of 415.92% and a net margin of 9.91%. The business’s revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the business posted $4.02 EPS.

LMT has been the topic of several recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $313.00 target price on shares of Lockheed Martin in a research note on Tuesday, February 5th. Zacks Investment Research raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $373.00 target price on the stock in a research note on Thursday, April 25th. Barclays lifted their target price on Lockheed Martin from $340.00 to $370.00 and gave the company an “equal weight” rating in a research note on Thursday. Cowen reaffirmed a “buy” rating and set a $360.00 target price on shares of Lockheed Martin in a research note on Wednesday, April 24th. Finally, Robert W. Baird lifted their target price on Lockheed Martin from $326.00 to $371.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $355.13.

Shares of NYSE LMT traded up $2.49 during mid-day trading on Friday, hitting $338.66. The company had a trading volume of 552,240 shares, compared to its average volume of 1,233,483. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 5.00. The company has a market cap of $94.76 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 2.33 and a beta of 1.04. Lockheed Martin has a 12 month low of $241.18 and a 12 month high of $351.35.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be issued a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Friday, May 31st. Lockheed Martin’s payout ratio is 49.30%.

In related news, SVP Maryanne Lavan sold 5,515 shares of Lockheed Martin stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $306.31, for a total value of $1,689,299.65. Following the transaction, the senior vice president now directly owns 6,835 shares in the company, valued at approximately $2,093,628.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brian P. Colan sold 4,000 shares of Lockheed Martin stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $304.56, for a total value of $1,218,240.00. Following the completion of the transaction, the vice president now owns 2,489 shares in the company, valued at $758,049.84. The disclosure for this sale can be found here. Insiders sold a total of 72,949 shares of company stock worth $22,403,743 over the last 90 days. Insiders own 0.35% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Psagot Investment House Ltd. lifted its stake in shares of Lockheed Martin by 2.7% during the 1st quarter. Psagot Investment House Ltd. now owns 1,164 shares of the aerospace company’s stock valued at $349,000 after buying an additional 31 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of Lockheed Martin by 4.0% during the 1st quarter. Ballentine Partners LLC now owns 833 shares of the aerospace company’s stock worth $250,000 after purchasing an additional 32 shares during the period. Capital Investment Advisory Services LLC grew its stake in shares of Lockheed Martin by 2.7% during the 1st quarter. Capital Investment Advisory Services LLC now owns 1,288 shares of the aerospace company’s stock worth $387,000 after purchasing an additional 34 shares during the period. Lederer & Associates Investment Counsel CA grew its stake in shares of Lockheed Martin by 0.7% during the 4th quarter. Lederer & Associates Investment Counsel CA now owns 5,149 shares of the aerospace company’s stock worth $1,348,000 after purchasing an additional 35 shares during the period. Finally, Belpointe Asset Management LLC grew its stake in shares of Lockheed Martin by 1.4% during the 4th quarter. Belpointe Asset Management LLC now owns 2,583 shares of the aerospace company’s stock worth $676,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 78.10% 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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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

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