Lockheed Martin (NYSE:LMT – Get Free Report) announced its quarterly earnings results on Tuesday. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53, Briefing.com reports. The business had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the firm earned $6.43 EPS. Lockheed Martin updated its FY24 guidance to $25.65-26.35 EPS and its FY 2024 guidance to 25.650-26.350 EPS.
Lockheed Martin Stock Performance
Shares of NYSE LMT traded down $4.00 during midday trading on Friday, hitting $460.78. 114,090 shares of the stock traded hands, compared to its average volume of 1,158,185. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.03 and a current ratio of 1.30. Lockheed Martin has a one year low of $393.77 and a one year high of $479.50. The firm has a market capitalization of $110.56 billion, a P/E ratio of 17.02, a PEG ratio of 4.20 and a beta of 0.48. The firm has a 50-day moving average of $443.00 and a two-hundred day moving average of $444.29.
Insider Activity at Lockheed Martin
In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this link. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO John Frank A. St sold 6,648 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,874 shares of company stock worth $7,249,946. 0.17% of the stock is owned by insiders.
Analysts Set New Price Targets
View Our Latest Analysis on Lockheed Martin
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.
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