Equities analysts expect Lockheed Martin Co. (NYSE:LMT) to post $4.29 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Lockheed Martin’s earnings, with the lowest EPS estimate coming in at $4.18 and the highest estimate coming in at $4.36. Lockheed Martin reported earnings per share of $3.24 during the same quarter last year, which suggests a positive year-over-year growth rate of 32.4%. The company is scheduled to report its next quarterly earnings report on Tuesday, October 23rd.

According to Zacks, analysts expect that Lockheed Martin will report full year earnings of $17.01 per share for the current year, with EPS estimates ranging from $16.84 to $17.25. For the next year, analysts anticipate that the company will post earnings of $18.83 per share, with EPS estimates ranging from $17.40 to $19.75. Zacks’ EPS calculations are an average based on a survey of research firms that cover Lockheed Martin.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, July 24th. The aerospace company reported $4.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.92 by $0.39. The business had revenue of $13.40 billion during the quarter, compared to analyst estimates of $12.72 billion. Lockheed Martin had a return on equity of 944.31% and a net margin of 5.00%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.23 EPS.

A number of analysts have recently issued reports on the company. Credit Suisse Group dropped their price target on Lockheed Martin from $380.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, May 22nd. ValuEngine downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Tuesday, May 22nd. Zacks Investment Research upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $343.00 price target for the company in a research report on Wednesday, July 11th. Morgan Stanley dropped their price target on Lockheed Martin from $370.00 to $352.00 and set an “overweight” rating for the company in a research report on Thursday, July 12th. Finally, Cowen upgraded Lockheed Martin from a “market perform” rating to an “outperform” rating and set a $370.00 price target for the company in a research report on Wednesday, July 25th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $372.02.

In related news, SVP Maryanne Lavan sold 7,250 shares of the business’s stock in a transaction that occurred on Wednesday, July 25th. The stock was sold at an average price of $323.64, for a total value of $2,346,390.00. Following the completion of the sale, the senior vice president now owns 9,869 shares in the company, valued at approximately $3,194,003.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Marillyn A. Hewson sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $323.68, for a total value of $8,092,000.00. Following the completion of the sale, the chairman now owns 90,625 shares of the company’s stock, valued at approximately $29,333,500. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Silvant Capital Management LLC bought a new stake in Lockheed Martin in the 1st quarter worth approximately $114,000. W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in Lockheed Martin in the 1st quarter worth approximately $116,000. FTB Advisors Inc. lifted its position in Lockheed Martin by 142.6% in the 2nd quarter. FTB Advisors Inc. now owns 359 shares of the aerospace company’s stock worth $105,000 after buying an additional 211 shares during the last quarter. Fort L.P. bought a new stake in Lockheed Martin in the 2nd quarter worth approximately $116,000. Finally, Trilogy Capital Inc. bought a new stake in Lockheed Martin in the first quarter valued at approximately $134,000. Institutional investors own 77.80% of the company’s stock.

LMT stock traded up $3.88 during mid-day trading on Tuesday, reaching $343.22. 1,149,100 shares of the company traded hands, compared to its average volume of 1,438,015. The company has a quick ratio of 0.97, a current ratio of 1.19 and a debt-to-equity ratio of 28.14. The firm has a market capitalization of $95.63 billion, a PE ratio of 25.75, a PEG ratio of 2.65 and a beta of 0.73. Lockheed Martin has a 52-week low of $291.52 and a 52-week high of $363.00.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Tuesday, September 4th will be given a $2.00 dividend. The ex-dividend date of this dividend is Friday, August 31st. This represents a $8.00 dividend on an annualized basis and a yield of 2.33%. Lockheed Martin’s payout ratio is 60.02%.

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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