Lockheed Martin Co. (NYSE:LMT – Free Report) – Research analysts at Seaport Res Ptn dropped their Q4 2024 earnings estimates for Lockheed Martin in a report issued on Wednesday, October 23rd. Seaport Res Ptn analyst R. Safran now expects that the aerospace company will post earnings per share of $6.61 for the quarter, down from their prior forecast of $6.92. The consensus estimate for Lockheed Martin’s current full-year earnings is $26.65 per share. Seaport Res Ptn also issued estimates for Lockheed Martin’s Q1 2025 earnings at $6.76 EPS, Q2 2025 earnings at $7.29 EPS, Q3 2025 earnings at $7.41 EPS, Q4 2025 earnings at $7.96 EPS and FY2025 earnings at $29.42 EPS.
Lockheed Martin (NYSE:LMT – Get Free Report) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter in the previous year, the company posted $6.77 earnings per share. Lockheed Martin’s quarterly revenue was up 1.3% compared to the same quarter last year.
Read Our Latest Stock Report on Lockheed Martin
Lockheed Martin Stock Performance
NYSE:LMT opened at $562.29 on Thursday. Lockheed Martin has a 1 year low of $413.92 and a 1 year high of $618.95. The firm has a 50 day moving average of $580.03 and a 200-day moving average of $513.85. The company has a current ratio of 1.30, a quick ratio of 1.07 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $134.03 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 4.62 and a beta of 0.47.
Lockheed Martin Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s payout ratio is currently 45.62%.
Institutional Trading of Lockheed Martin
A number of institutional investors have recently bought and sold shares of the business. Mattson Financial Services LLC acquired a new position in shares of Lockheed Martin in the 2nd quarter valued at $27,000. Sachetta LLC grew its holdings in shares of Lockheed Martin by 50.0% in the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after buying an additional 20 shares during the period. Wiser Advisor Group LLC grew its holdings in shares of Lockheed Martin by 65.8% in the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock valued at $29,000 after buying an additional 25 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Lockheed Martin in the 1st quarter valued at $30,000. Finally, Stephens Consulting LLC grew its holdings in shares of Lockheed Martin by 48.9% in the 2nd quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock valued at $31,000 after buying an additional 22 shares during the period. Institutional investors and hedge funds 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.
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