Analysts Anticipate Lockheed Martin Co. (LMT) Will Announce Quarterly Sales of $11.39 Billion
Equities analysts predict that Lockheed Martin Co. (NYSE:LMT) will post sales of $11.39 billion for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Lockheed Martin’s earnings, with the highest sales estimate coming in at $12.03 billion and the lowest estimate coming in at $10.92 billion. Lockheed Martin reported sales of $11.06 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 3%. The company is expected to report its next earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that Lockheed Martin will report full-year sales of $11.39 billion for the current year, with estimates ranging from $50.43 billion to $51.39 billion. For the next fiscal year, analysts forecast that the company will post sales of $53.52 billion per share, with estimates ranging from $52.30 billion to $54.73 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Lockheed Martin.
Lockheed Martin (NYSE:LMT) last announced its earnings results on Monday, January 29th. The aerospace company reported $4.30 EPS for the quarter, beating the Zacks’ consensus estimate of $4.06 by $0.24. Lockheed Martin had a net margin of 3.92% and a return on equity of 354.55%. The firm had revenue of $15.14 billion for the quarter, compared to analysts’ expectations of $14.72 billion. During the same quarter in the previous year, the business posted $3.25 EPS. The company’s quarterly revenue was up 10.1% on a year-over-year basis.
In other Lockheed Martin news, insider Richard F. Ambrose sold 7,517 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $357.89, for a total value of $2,690,259.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dale P. Bennett sold 2,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $313.75, for a total value of $627,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,517 shares of company stock worth $9,905,819. 0.39% of the stock is currently owned by company insiders.
An institutional investor recently bought a new position in Lockheed Martin stock. Buckingham Capital Management Inc. bought a new position in Lockheed Martin Co. (NYSE:LMT) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 670 shares of the aerospace company’s stock, valued at approximately $208,000. 78.92% of the stock is currently owned by institutional investors.
Shares of Lockheed Martin (NYSE:LMT) traded down $16.19 during mid-day trading on Friday, hitting $336.46. 2,950,000 shares of the stock were exchanged, compared to its average volume of 1,290,000. Lockheed Martin has a 1 year low of $251.50 and a 1 year high of $361.79. The company has a market cap of $96,470.00, a PE ratio of 51.13, a PEG ratio of 3.10 and a beta of 0.73. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of -22.19.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Thursday, March 1st will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Wednesday, February 28th. Lockheed Martin’s payout ratio is 121.58%.
Lockheed Martin Company Profile
Lockheed Martin Corporation is a security and aerospace company. The Company operates through four segments. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies.
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