Seaport Res Ptn Comments on Lockheed Martin FY2024 Earnings

Lockheed Martin Co. (NYSE:LMT) – Equities researchers at Seaport Res Ptn upped their FY2024 earnings per share (EPS) estimates for shares of Lockheed Martin in a research report issued on Sunday, January 19th. Seaport Res Ptn analyst R. Safran now anticipates that the aerospace company will earn $26.99 per share for the year, up from their prior forecast of $26.89. The consensus estimate for Lockheed Martin’s current full-year earnings is $26.81 per share. Seaport Res Ptn also issued estimates for Lockheed Martin’s Q1 2025 earnings at $6.54 EPS, Q2 2025 earnings at $7.19 EPS, Q3 2025 earnings at $6.81 EPS, Q4 2025 earnings at $7.69 EPS and FY2025 earnings at $28.22 EPS.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The firm had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $6.77 EPS.

A number of other brokerages have also recently weighed in on LMT. Barclays decreased their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Truist Financial began coverage on Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price on the stock. UBS Group upped their target price on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Citigroup reduced their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Susquehanna reduced their target price on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and an average price target of $577.73.

Lockheed Martin Trading Down 0.5 %

Shares of NYSE LMT opened at $496.93 on Wednesday. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The stock has a market capitalization of $117.79 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 4.11 and a beta of 0.48. Lockheed Martin has a 1-year low of $413.92 and a 1-year high of $618.95. The business has a fifty day moving average price of $500.84 and a 200 day moving average price of $536.25.

Institutional Trading of Lockheed Martin

Hedge funds have recently modified their holdings of the stock. Itau Unibanco Holding S.A. purchased a new stake in shares of Lockheed Martin in the third quarter worth about $26,000. Burkett Financial Services LLC purchased a new position in Lockheed Martin during the third quarter worth approximately $32,000. Mattson Financial Services LLC purchased a new position in Lockheed Martin during the second quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new position in Lockheed Martin during the third quarter worth approximately $40,000. Finally, Heck Capital Advisors LLC purchased a new position in Lockheed Martin during the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

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.