Analysts predict that Lockheed Martin Co. (NYSE:LMT) will post earnings per share (EPS) of $3.89 for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Lockheed Martin’s earnings, with estimates ranging from $3.82 to $3.97. Lockheed Martin reported earnings of $3.23 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 20.4%. The business is expected to report its next quarterly earnings report on Tuesday, July 17th.

On average, analysts expect that Lockheed Martin will report full year earnings of $16.09 per share for the current fiscal year, with EPS estimates ranging from $15.94 to $16.35. For the next fiscal year, analysts anticipate that the business will report earnings of $18.10 per share, with EPS estimates ranging from $17.40 to $19.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Lockheed Martin.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 24th. The aerospace company reported $4.02 earnings per share for the quarter, beating analysts’ consensus estimates of $3.35 by $0.67. The business had revenue of $11.64 billion for the quarter, compared to the consensus estimate of $11.25 billion. Lockheed Martin had a net margin of 4.64% and a return on equity of 608.95%. Lockheed Martin’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $3.00 earnings per share.

A number of brokerages have commented on LMT. ValuEngine cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Tuesday, May 22nd. Credit Suisse Group reduced their price target on shares of Lockheed Martin from $380.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 22nd. Zacks Investment Research cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Tuesday, May 15th. TheStreet upgraded shares of Lockheed Martin from a “c” rating to a “b-” rating in a research report on Tuesday, April 24th. Finally, Cowen reiterated a “hold” rating and set a $370.00 price target on shares of Lockheed Martin in a research report on Tuesday, April 24th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $371.26.

NYSE LMT traded down $1.00 on Friday, reaching $299.38. 1,403,532 shares of the company’s stock traded hands, compared to its average volume of 1,232,740. Lockheed Martin has a 12 month low of $274.69 and a 12 month high of $363.00. The company has a debt-to-equity ratio of -121.38, a current ratio of 1.27 and a quick ratio of 1.05. The stock has a market capitalization of $85.77 billion, a P/E ratio of 22.46, a PEG ratio of 2.55 and a beta of 0.71.

The company also recently announced a quarterly dividend, which was paid on Friday, June 22nd. Stockholders of record on Friday, June 1st were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Thursday, May 31st. Lockheed Martin’s dividend payout ratio is 60.02%.

Several institutional investors have recently modified their holdings of the company. Allianz Life Insurance Co of North America bought a new position in shares of Lockheed Martin in the first quarter worth approximately $260,000. Winthrop Partners WNY LLC bought a new position in shares of Lockheed Martin in the first quarter worth approximately $168,000. HighPoint Advisor Group LLC grew its holdings in shares of Lockheed Martin by 10.4% in the first quarter. HighPoint Advisor Group LLC now owns 3,104 shares of the aerospace company’s stock worth $1,000,000 after purchasing an additional 293 shares during the last quarter. Rikoon Group LLC bought a new position in shares of Lockheed Martin in the first quarter worth approximately $1,059,000. Finally, Private Vista LLC bought a new stake in Lockheed Martin in the first quarter valued at $282,000. Hedge funds and other institutional investors own 77.87% of the company’s stock.

About Lockheed Martin

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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

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