Zacks Research Estimates Lockheed Martin FY2024 Earnings

Lockheed Martin Co. (NYSE:LMTFree Report) – Equities research analysts at Zacks Research increased their FY2024 EPS estimates for shares of Lockheed Martin in a report released on Wednesday, December 18th. Zacks Research analyst R. Department now forecasts that the aerospace company will post earnings of $26.68 per share for the year, up from their previous estimate of $26.65. The consensus estimate for Lockheed Martin’s current full-year earnings is $26.88 per share. Zacks Research also issued estimates for Lockheed Martin’s Q1 2025 earnings at $6.65 EPS, Q3 2025 earnings at $7.22 EPS, Q4 2025 earnings at $6.90 EPS, FY2025 earnings at $28.05 EPS, Q3 2026 earnings at $7.56 EPS and FY2026 earnings at $29.61 EPS.

Several other equities analysts have also commented on LMT. Royal Bank of Canada decreased their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Melius upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price objective on the stock in a report on Tuesday, September 3rd. JPMorgan Chase & Co. raised their target price on Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Wells Fargo & Company cut their price target on shares of Lockheed Martin from $602.00 to $543.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and an average target price of $612.29.

View Our Latest Research Report on LMT

Lockheed Martin Trading Up 2.0 %

Shares of LMT stock opened at $489.02 on Friday. Lockheed Martin has a 1-year low of $413.92 and a 1-year high of $618.95. The firm has a market cap of $115.91 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 4.13 and a beta of 0.46. The company has a 50-day moving average of $541.05 and a two-hundred day moving average of $533.23. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12.

Lockheed Martin (NYSE:LMTGet Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.77 EPS.

Hedge Funds Weigh In On Lockheed Martin

Several large investors have recently bought and sold shares of LMT. Lantz Financial LLC boosted its holdings in shares of Lockheed Martin by 2.6% in the 2nd quarter. Lantz Financial LLC now owns 4,882 shares of the aerospace company’s stock valued at $2,281,000 after buying an additional 123 shares in the last quarter. JB Capital LLC lifted its holdings in shares of Lockheed Martin by 26.1% in the 2nd quarter. JB Capital LLC now owns 919 shares of the aerospace company’s stock valued at $429,000 after purchasing an additional 190 shares during the last quarter. Everhart Financial Group Inc. boosted its position in shares of Lockheed Martin by 14.2% in the 2nd quarter. Everhart Financial Group Inc. now owns 1,286 shares of the aerospace company’s stock valued at $601,000 after purchasing an additional 160 shares during the period. Family Firm Inc. purchased a new position in Lockheed Martin during the 2nd quarter worth approximately $70,000. Finally, LRI Investments LLC increased its position in Lockheed Martin by 26.0% during the second quarter. LRI Investments LLC now owns 2,669 shares of the aerospace company’s stock worth $1,246,000 after buying an additional 550 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.30 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Monday, December 2nd. Lockheed Martin’s payout ratio is 47.79%.

Lockheed Martin Company Profile

(Get Free Report)

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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Earnings History and Estimates for Lockheed Martin (NYSE:LMT)

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