Lockheed Martin (NYSE:LMT) released its earnings results on Tuesday. The aerospace company reported $6.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.32 by $0.24, MarketWatch Earnings reports. The company had revenue of $16.26 billion for the quarter, compared to analyst estimates of $16.42 billion. Lockheed Martin had a return on equity of 173.43% and a net margin of 10.18%. Lockheed Martin’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $6.08 EPS. Lockheed Martin updated its FY 2021
Pre-Market guidance to 26.40-26.70 EPS.
LMT stock traded up $2.07 on Wednesday, reaching $389.40. 4,049 shares of the company traded hands, compared to its average volume of 1,890,916. The firm has a fifty day simple moving average of $362.89 and a 200-day simple moving average of $357.78. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.33 and a quick ratio of 1.12. Lockheed Martin has a one year low of $319.81 and a one year high of $417.62. The company has a market cap of $109.07 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 1.98 and a beta of 0.92.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Investors of record on Monday, March 1st were given a dividend of $2.60 per share. This represents a $10.40 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date was Friday, February 26th. Lockheed Martin’s dividend payout ratio (DPR) is presently 47.38%.
Lockheed Martin Company Profile
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, Rotary and Mission Systems, and Space.
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