$4.06 EPS Expected for Lockheed Martin Co. (LMT) This Quarter

Wall Street analysts expect Lockheed Martin Co. (NYSE:LMT) to announce earnings per share (EPS) of $4.06 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Lockheed Martin’s earnings. The lowest EPS estimate is $3.93 and the highest is $4.17. Lockheed Martin posted earnings of $3.25 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 24.9%. The firm is expected to issue its next quarterly earnings results before the market opens on Monday, January 29th.

According to Zacks, analysts expect that Lockheed Martin will report full-year earnings of $13.11 per share for the current financial year, with EPS estimates ranging from $12.90 to $13.25. For the next financial year, analysts anticipate that the firm will report earnings of $13.76 per share, with EPS estimates ranging from $12.90 to $15.40. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Lockheed Martin.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 24th. The aerospace company reported $3.24 EPS for the quarter, missing the consensus estimate of $3.26 by ($0.02). The company had revenue of $12.17 billion for the quarter, compared to analyst estimates of $12.83 billion. Lockheed Martin had a return on equity of 221.41% and a net margin of 7.31%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $3.61 earnings per share.

Several research firms recently commented on LMT. Wells Fargo & Co lowered Lockheed Martin from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Vetr lowered Lockheed Martin from a “buy” rating to a “hold” rating and set a $332.40 target price on the stock. in a research report on Thursday, January 4th. Royal Bank of Canada set a $314.00 target price on Lockheed Martin and gave the company a “hold” rating in a research report on Wednesday, November 15th. Bank of America set a $360.00 target price on Lockheed Martin and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Cowen reaffirmed a “hold” rating and issued a $320.00 target price on shares of Lockheed Martin in a research report on Wednesday, October 25th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $323.67.

In other news, Director Daniel F. Akerson purchased 2,500 shares of the stock in a transaction dated Wednesday, October 25th. The stock was acquired at an average cost of $312.02 per share, for a total transaction of $780,050.00. Following the acquisition, the director now owns 7,432 shares of the company’s stock, valued at $2,318,932.64. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Dale P. Bennett sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were 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. Corporate insiders own 0.39% of the company’s stock.

A hedge fund recently bought a new stake in Lockheed Martin stock. Buckingham Capital Management Inc. purchased a new stake in Lockheed Martin Co. (NYSE:LMT) in the third quarter, according to its most recent filing with the SEC. The fund purchased 670 shares of the aerospace company’s stock, valued at approximately $208,000. Hedge funds and other institutional investors own 78.81% of the company’s stock.

Lockheed Martin (LMT) traded up $4.75 during trading on Friday, reaching $334.86. The company had a trading volume of 1,000,323 shares, compared to its average volume of 1,060,000. The firm has a market cap of $96,020.00, a price-to-earnings ratio of 27.16, a PEG ratio of 3.33 and a beta of 0.58. The company has a quick ratio of 0.95, a current ratio of 1.32 and a debt-to-equity ratio of 6.56. Lockheed Martin has a 12-month low of $248.00 and a 12-month high of $336.67.

Lockheed Martin declared that its Board of Directors has initiated a share buyback plan on Thursday, September 28th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the aerospace company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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About Lockheed Martin

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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