Wall Street brokerages expect Lockheed Martin Co. (NYSE:LMT) to post sales of $15.28 billion for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Lockheed Martin’s earnings. The lowest sales estimate is $15.22 billion and the highest is $15.35 billion. Lockheed Martin posted sales of $14.41 billion in the same quarter last year, which would indicate a positive year over year growth rate of 6%. The firm is expected to report its next earnings results on Tuesday, February 4th.

On average, analysts expect that Lockheed Martin will report full year sales of $59.19 billion for the current financial year, with estimates ranging from $59.11 billion to $59.28 billion. For the next financial year, analysts forecast that the firm will report sales of $62.33 billion, with estimates ranging from $61.94 billion to $62.82 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Lockheed Martin.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $5.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.02 by $0.64. Lockheed Martin had a net margin of 10.26% and a return on equity of 221.59%. The company had revenue of $15.17 billion during the quarter, compared to analyst estimates of $14.87 billion. During the same quarter last year, the firm posted $5.14 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis.

Several research analysts have commented on the stock. Barclays reiterated a “hold” rating and issued a $410.00 target price on shares of Lockheed Martin in a report on Wednesday, October 9th. Morgan Stanley reduced their price target on shares of Lockheed Martin from $381.00 to $364.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $395.00 to $360.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Credit Suisse Group reduced their price target on shares of Lockheed Martin from $401.00 to $385.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, Buckingham Research increased their price target on shares of Lockheed Martin from $405.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $371.79.

Institutional investors and hedge funds have recently modified their holdings of the stock. CSat Investment Advisory L.P. raised its position in Lockheed Martin by 2,992.9% during the second quarter. CSat Investment Advisory L.P. now owns 433 shares of the aerospace company’s stock valued at $158,000 after acquiring an additional 419 shares in the last quarter. MainStreet Investment Advisors LLC raised its position in shares of Lockheed Martin by 3.5% in the third quarter. MainStreet Investment Advisors LLC now owns 16,859 shares of the aerospace company’s stock valued at $6,576,000 after purchasing an additional 569 shares during the period. Haverford Trust Co. raised its position in shares of Lockheed Martin by 6.4% in the second quarter. Haverford Trust Co. now owns 33,538 shares of the aerospace company’s stock valued at $12,192,000 after purchasing an additional 2,011 shares during the period. Nikko Asset Management Americas Inc. raised its position in shares of Lockheed Martin by 7.2% in the third quarter. Nikko Asset Management Americas Inc. now owns 1,603 shares of the aerospace company’s stock valued at $625,000 after purchasing an additional 108 shares during the period. Finally, Cibc World Markets Corp raised its position in shares of Lockheed Martin by 67.1% in the second quarter. Cibc World Markets Corp now owns 69,474 shares of the aerospace company’s stock valued at $25,257,000 after purchasing an additional 27,901 shares during the period. 78.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LMT traded up $0.92 during midday trading on Thursday, hitting $386.86. The stock had a trading volume of 709,620 shares, compared to its average volume of 932,473. Lockheed Martin has a fifty-two week low of $241.18 and a fifty-two week high of $399.96. The business has a 50-day simple moving average of $382.63 and a two-hundred day simple moving average of $372.49. The firm has a market cap of $108.86 billion, a P/E ratio of 21.67, a price-to-earnings-growth ratio of 2.52 and a beta of 0.96. The company has a current ratio of 1.28, a quick ratio of 1.05 and a debt-to-equity ratio of 3.21.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a $2.40 dividend. This represents a $9.60 dividend on an annualized basis and a dividend yield of 2.48%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $2.20. The ex-dividend date of this dividend is Friday, November 29th. Lockheed Martin’s dividend payout ratio is 53.78%.

Lockheed Martin declared that its Board of Directors has authorized a stock repurchase plan on Thursday, September 26th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the aerospace company to buy up to 1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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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