Lockheed Martin (NYSE:LMT – Get Free Report) released its quarterly earnings results on Tuesday. The aerospace company reported $7.11 earnings per share for the quarter, topping the consensus estimate of $6.45 by $0.66, Briefing.com reports. The business had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.05 billion. Lockheed Martin had a return on equity of 90.61% and a net margin of 9.48%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $6.73 EPS. Lockheed Martin updated its FY24 guidance to $26.10-26.60 EPS and its FY 2024 guidance to 26.100-26.600 EPS.
Lockheed Martin Trading Up 0.6 %
LMT traded up $2.92 during trading on Thursday, hitting $518.12. The company’s stock had a trading volume of 48,685 shares, compared to its average volume of 1,072,028. The stock’s fifty day moving average price is $467.28 and its 200-day moving average price is $452.98. The firm has a market capitalization of $124.32 billion, a P/E ratio of 18.85, a PEG ratio of 4.67 and a beta of 0.46. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. Lockheed Martin has a twelve month low of $393.77 and a twelve month high of $519.59.
Lockheed Martin Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be issued a $3.15 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a yield of 2.43%. Lockheed Martin’s payout ratio is currently 46.10%.
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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.
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