Q3 EPS Estimates for Lockheed Martin Cut by Zacks Research

Lockheed Martin Corporation (NYSE:LMT) – Equities researchers at Zacks Research cut their Q3 2026 EPS estimates for shares of Lockheed Martin in a research note issued to investors on Tuesday, January 6th. Zacks Research analyst Team now forecasts that the aerospace company will earn $7.38 per share for the quarter, down from their prior forecast of $7.41. The consensus estimate for Lockheed Martin’s current full-year earnings is $27.15 per share. Zacks Research also issued estimates for Lockheed Martin’s Q2 2027 earnings at $4.27 EPS and FY2027 earnings at $31.45 EPS.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. The company had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.Lockheed Martin’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $515.00 target price (up from $465.00) on shares of Lockheed Martin in a report on Friday, December 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Robert W. Baird boosted their price objective on shares of Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Citigroup started coverage on shares of Lockheed Martin in a report on Thursday, December 11th. They set a “neutral” rating and a $505.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Lockheed Martin from $517.00 to $492.00 and set a “hold” rating for the company in a research report on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $506.18.

Lockheed Martin Trading Up 2.1%

Shares of NYSE LMT opened at $522.06 on Wednesday. The company has a market cap of $120.80 billion, a price-to-earnings ratio of 29.15, a price-to-earnings-growth ratio of 1.45 and a beta of 0.24. The stock’s 50 day simple moving average is $472.00 and its 200 day simple moving average is $466.96. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. Lockheed Martin has a 12-month low of $410.11 and a 12-month high of $538.73.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LMT. United Financial Planning Group LLC acquired a new stake in shares of Lockheed Martin in the third quarter worth $25,000. Barnes Dennig Private Wealth Management LLC raised its stake in Lockheed Martin by 285.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 40 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in Lockheed Martin in the 3rd quarter valued at $27,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Lockheed Martin in the 2nd quarter worth $28,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Lockheed Martin in the 2nd quarter worth $29,000. 74.19% of the stock is owned by institutional investors.

Insider Activity at Lockheed Martin

In related news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the completion of the transaction, the chief operating officer owned 1 shares of the company’s stock, valued at approximately $491.04. The trade was a 99.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st were given a $3.45 dividend. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, December 1st. Lockheed Martin’s dividend payout ratio (DPR) is 77.05%.

More Lockheed Martin News

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Landmark Pentagon agreement to expand PAC‑3 MSE production capacity from ~600 to 2,000 units annually over seven years — this increases Lockheed’s near‑term revenue visibility, production leverage and backlog, and is the primary driver of today’s strength. Article Title
• Positive Sentiment: Company press release/department confirmation outlines framework to accelerate PAC‑3 deliveries to U.S. forces and allies — supports sustained higher production rates and long-term program economics. Article Title
• Positive Sentiment: Broader defense tailwinds following recent U.S. military action in Venezuela have lifted investor interest across the sector, helping boost Lockheed shares alongside peers. Article Title
• Neutral Sentiment: Market coverage and commentaries noted LMT as a trending defense stock; heightened attention can increase volume and volatility ahead of quarterly results. Article Title
• Neutral Sentiment: Lockheed scheduled a webcast for its Q4 and full‑year 2025 results on Jan. 29 — investors will be watching guidance and margin commentary for confirmation that the PAC‑3 ramp translates to improved profitability. Article Title
• Negative Sentiment: Zacks Research trimmed several near‑term and FY2027 EPS estimates modestly (Q3/Q2 and FY2027 revisions down by cents). The cuts are small but remind investors that analyst outlooks can be revised even as contract wins boost revenue — a possible short‑term headwind to sentiment.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.