Lockheed Martin (LMT) Expected to Announce Earnings on Tuesday

Lockheed Martin (NYSE:LMT) is expected to be releasing its earnings data before the market opens on Tuesday, January 28th. Analysts expect Lockheed Martin to post earnings of $6.58 per share and revenue of $18,746,649.98 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Lockheed Martin Trading Down 0.1 %

Lockheed Martin stock opened at $496.96 on Friday. Lockheed Martin has a 12 month low of $413.92 and a 12 month high of $618.95. The business’s fifty day simple moving average is $499.24 and its two-hundred day simple moving average is $536.23. The company has a market capitalization of $117.80 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66.

Analysts Set New Price Targets

LMT has been the topic of several research analyst reports. Wells Fargo & Company lowered their target price on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Citigroup lowered their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. JPMorgan Chase & Co. cut their target price on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Truist Financial assumed coverage on Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target on the stock. Finally, Susquehanna cut their price objective on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $577.73.

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.