Analysts expect Lockheed Martin Co. (NYSE:LMT) to announce sales of $13.73 billion for the current quarter, according to Zacks. Four analysts have provided estimates for Lockheed Martin’s earnings, with estimates ranging from $13.66 billion to $13.87 billion. Lockheed Martin reported sales of $15.14 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 9.3%. The company is scheduled to report its next quarterly earnings report on Monday, February 4th.

According to Zacks, analysts expect that Lockheed Martin will report full-year sales of $53.03 billion for the current fiscal year, with estimates ranging from $53.01 billion to $53.06 billion. For the next financial year, analysts anticipate that the company will report sales of $56.12 billion, with estimates ranging from $55.62 billion to $56.75 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Lockheed Martin.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 23rd. The aerospace company reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.31 by $0.83. The business had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $13.10 billion. Lockheed Martin had a return on equity of 2,680.55% and a net margin of 5.78%. The business’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.24 EPS.

LMT has been the subject of a number of recent research reports. Zacks Investment Research cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, August 17th. Morgan Stanley set a $386.00 price objective on Lockheed Martin and gave the stock a “buy” rating in a research report on Thursday, October 11th. Barclays dropped their price objective on Lockheed Martin from $369.00 to $325.00 and set an “equal weight” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $395.00 to $370.00 and set a “neutral” rating for the company in a research report on Wednesday, October 24th. Finally, Credit Suisse Group dropped their price objective on Lockheed Martin from $368.00 to $357.00 and set a “neutral” rating for the company in a research report on Wednesday, October 24th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $373.13.

In other Lockheed Martin news, VP Bruce L. Tanner sold 11,203 shares of Lockheed Martin stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $308.49, for a total value of $3,456,013.47. Following the completion of the sale, the vice president now owns 79,770 shares in the company, valued at approximately $24,608,247.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.35% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of LMT. Vanguard Group Inc. grew its holdings in shares of Lockheed Martin by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 21,266,343 shares of the aerospace company’s stock worth $7,357,305,000 after purchasing an additional 199,456 shares during the period. BlackRock Inc. grew its holdings in shares of Lockheed Martin by 0.8% during the 3rd quarter. BlackRock Inc. now owns 17,385,055 shares of the aerospace company’s stock worth $6,014,535,000 after purchasing an additional 136,348 shares during the period. Morgan Stanley grew its holdings in shares of Lockheed Martin by 3.0% during the 3rd quarter. Morgan Stanley now owns 3,587,085 shares of the aerospace company’s stock worth $1,240,989,000 after purchasing an additional 105,749 shares during the period. Capital International Investors grew its holdings in shares of Lockheed Martin by 47.7% during the 3rd quarter. Capital International Investors now owns 3,465,642 shares of the aerospace company’s stock worth $1,198,974,000 after purchasing an additional 1,119,631 shares during the period. Finally, FMR LLC grew its holdings in shares of Lockheed Martin by 13.7% during the 3rd quarter. FMR LLC now owns 2,656,966 shares of the aerospace company’s stock worth $919,205,000 after purchasing an additional 319,488 shares during the period. Institutional investors own 77.63% of the company’s stock.

Shares of NYSE:LMT traded down $0.87 during midday trading on Tuesday, hitting $285.48. 87,648 shares of the stock were exchanged, compared to its average volume of 1,367,594. The company has a market capitalization of $81.55 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 2.70 and a beta of 0.88. Lockheed Martin has a twelve month low of $277.20 and a twelve month high of $363.00. The company has a quick ratio of 0.91, a current ratio of 1.11 and a debt-to-equity ratio of 13.46.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Monday, December 3rd will be issued a $2.20 dividend. This is a boost from Lockheed Martin’s previous quarterly dividend of $2.00. The ex-dividend date is Friday, November 30th. This represents a $8.80 annualized dividend and a yield of 3.08%. Lockheed Martin’s payout ratio is 66.02%.

Lockheed Martin announced that its board has approved a stock repurchase plan on Thursday, September 27th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the aerospace company to reacquire up to 1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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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