Wall Street brokerages expect Lockheed Martin Co. (NYSE:LMT) to report $11.30 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Lockheed Martin’s earnings. The lowest sales estimate is $10.92 billion and the highest is $12.03 billion. Lockheed Martin reported sales of $11.06 billion in the same quarter last year, which would suggest a positive year over year growth rate of 2.2%. The business is scheduled to report its next earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that Lockheed Martin will report full-year sales of $11.30 billion for the current year, with estimates ranging from $50.43 billion to $51.39 billion. For the next year, analysts forecast that the firm will post sales of $53.52 billion per share, with estimates ranging from $52.30 billion to $54.73 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Lockheed Martin.
Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Monday, January 29th. The aerospace company reported $4.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.06 by $0.24. Lockheed Martin had a return on equity of 354.55% and a net margin of 3.92%. The business had revenue of $15.14 billion during the quarter, compared to the consensus estimate of $14.72 billion. During the same period in the prior year, the company posted $3.25 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year.
In other Lockheed Martin news, insider Dale P. Bennett sold 2,000 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $313.75, for a total value of $627,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard F. Ambrose sold 7,517 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $357.89, for a total value of $2,690,259.13. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,517 shares of company stock valued at $9,905,819. 0.39% of the stock is owned by corporate insiders.
A hedge fund recently bought a new stake in Lockheed Martin stock. Buckingham Capital Management Inc. bought a new position in Lockheed Martin Co. (NYSE:LMT) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 670 shares of the aerospace company’s stock, valued at approximately $208,000. 78.71% of the stock is owned by institutional investors.
Lockheed Martin (NYSE LMT) opened at $360.53 on Monday. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of -22.19. The company has a market capitalization of $102,956.84, a P/E ratio of 26.18, a PEG ratio of 3.18 and a beta of 0.73. Lockheed Martin has a 52-week low of $263.18 and a 52-week high of $363.00.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Thursday, March 1st will be given a $2.00 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $8.00 dividend on an annualized basis and a yield of 2.22%. Lockheed Martin’s dividend payout ratio is presently 117.13%.
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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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