Lockheed Martin (LMT) to Release Quarterly Earnings on Tuesday

Lockheed Martin (NYSE:LMT) will likely be posting its quarterly earnings results before the market opens on Tuesday, January 28th. Analysts expect Lockheed Martin to post earnings of $6.58 per share and revenue of $18,746,649.98 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data 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 firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same quarter in the prior year, the firm posted $6.77 earnings per share. Lockheed Martin’s quarterly revenue was up 1.3% on a year-over-year basis. On average, analysts expect Lockheed Martin to post $27 EPS for the current fiscal year and $28 EPS for the next fiscal year.

Lockheed Martin Price Performance

Shares of LMT stock opened at $490.60 on Tuesday. The firm’s 50-day moving average is $504.80 and its two-hundred day moving average is $536.03. Lockheed Martin has a 12 month low of $413.92 and a 12 month high of $618.95. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The company has a market capitalization of $116.29 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 3.76 and a beta of 0.48.

Analyst Ratings Changes

LMT has been the topic of a number of recent analyst reports. Royal Bank of Canada decreased their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. UBS Group upped their price target on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Susquehanna decreased their target price on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and an average target price of $584.40.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.