Lockheed Martin (LMT) to Release Quarterly Earnings on Tuesday

Lockheed Martin (NYSE:LMT) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, July 23rd. Analysts expect Lockheed Martin to post earnings of $6.45 per share for the quarter. Lockheed Martin has set its FY24 guidance at $25.65-26.35 EPS and its FY 2024 guidance at 25.650-26.350 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The business had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. During the same period in the prior year, the business earned $6.43 EPS. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, analysts expect Lockheed Martin to post $26 EPS for the current fiscal year and $28 EPS for the next fiscal year.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $474.92 on Monday. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. The firm has a fifty day simple moving average of $465.50 and a two-hundred day simple moving average of $452.11. Lockheed Martin has a 12 month low of $393.77 and a 12 month high of $480.86. The firm has a market capitalization of $113.95 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 4.48 and a beta of 0.46.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be given a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s payout ratio is currently 46.10%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LMT. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. Wells Fargo & Company boosted their price objective on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their target price for the company from $475.00 to $518.00 in a research report on Monday, April 15th. Citigroup increased their price target on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and a consensus price target of $485.40.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.