Lockheed Martin (NYSE:LMT – Get Free Report) posted its quarterly earnings data on Tuesday. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53, Briefing.com reports. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The business had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. During the same quarter in the prior year, the business earned $6.43 earnings per share. Lockheed Martin’s revenue for the quarter was up 13.7% on a year-over-year basis. 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 Price Performance
Shares of Lockheed Martin stock traded down $0.26 during trading on Wednesday, hitting $459.82. The stock had a trading volume of 300,623 shares, compared to its average volume of 1,165,540. The firm has a market cap of $110.58 billion, a price-to-earnings ratio of 16.68, a P/E/G ratio of 4.21 and a beta of 0.48. Lockheed Martin has a 12 month low of $393.77 and a 12 month high of $480.92. The business’s 50-day moving average is $441.34 and its 200 day moving average is $444.04. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53.
Insider Transactions at Lockheed Martin
In other news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,874 shares of company stock valued at $7,249,946. 0.14% of the stock is currently owned by company insiders.
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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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