Seaport Res Ptn Comments on Lockheed Martin FY2024 Earnings

Lockheed Martin Co. (NYSE:LMTFree Report) – Equities researchers at Seaport Res Ptn increased their FY2024 earnings estimates for shares of Lockheed Martin in a report issued on Sunday, January 19th. Seaport Res Ptn analyst R. Safran now anticipates that the aerospace company will post earnings of $26.99 per share for the year, up from their previous 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.

Several other brokerages have also recently commented on LMT. Wells Fargo & Company decreased their price target 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. StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Royal Bank of Canada reduced their target price 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. Citigroup reduced their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Susquehanna reduced their target price on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $577.73.

Check Out Our Latest Stock Analysis on Lockheed Martin

Lockheed Martin Stock Down 0.5 %

Shares of LMT stock opened at $496.93 on Wednesday. The stock has a market cap of $117.79 billion, a P/E ratio of 17.99, a PEG ratio of 4.11 and a beta of 0.48. Lockheed Martin has a 52 week low of $413.92 and a 52 week high of $618.95. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The company’s fifty day simple moving average is $500.84 and its two-hundred day simple moving average is $536.25.

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, topping the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.77 EPS.

Hedge Funds Weigh In On Lockheed Martin

Hedge funds have recently added to or reduced their stakes in the stock. Virtue Capital Management LLC grew its stake in Lockheed Martin by 112.8% in the 3rd quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company’s stock worth $1,315,000 after acquiring an additional 1,192 shares in the last quarter. Bank of Montreal Can grew its stake in Lockheed Martin by 2.1% in the 3rd quarter. Bank of Montreal Can now owns 656,807 shares of the aerospace company’s stock worth $382,498,000 after acquiring an additional 13,253 shares in the last quarter. Hilltop Holdings Inc. grew its stake in Lockheed Martin by 79.9% in the 3rd quarter. Hilltop Holdings Inc. now owns 12,068 shares of the aerospace company’s stock worth $7,054,000 after acquiring an additional 5,361 shares in the last quarter. Capital Investment Advisors LLC grew its stake in Lockheed Martin by 2.2% in the 4th quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company’s stock worth $44,770,000 after acquiring an additional 2,011 shares in the last quarter. Finally, Old West Investment Management LLC grew its stake in Lockheed Martin by 6.6% in the 3rd quarter. Old West Investment Management LLC now owns 26,633 shares of the aerospace company’s stock worth $15,569,000 after acquiring an additional 1,643 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

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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