FY2024 EPS Estimate for Lockheed Martin Raised by Analyst

Lockheed Martin Co. (NYSE:LMT) – Research analysts at Seaport Res Ptn raised their FY2024 EPS estimates for shares of Lockheed Martin in a research report issued on Sunday, January 19th. Seaport Res Ptn analyst R. Safran now expects that the aerospace company will post earnings per share of $26.99 for the year, up from their prior forecast of $26.89. The consensus estimate for Lockheed Martin’s current full-year earnings is $26.80 per share. Seaport Res Ptn also issued estimates for Lockheed Martin’s Q1 2025 earnings at $6.54 EPS, Q2 2025 earnings at $7.19 EPS, Q3 2025 earnings at $6.81 EPS, Q4 2025 earnings at $7.69 EPS and FY2025 earnings at $28.22 EPS.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping 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 business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same period in the previous year, the business posted $6.77 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year.

A number of other brokerages have also weighed in on LMT. JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Barclays cut their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. TD Cowen boosted their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Susquehanna dropped their target price on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price target for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus target price of $577.73.

Lockheed Martin Stock Performance

NYSE LMT opened at $499.41 on Wednesday. The stock has a market capitalization of $118.38 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 3.96 and a beta of 0.48. The business’s 50 day moving average is $502.01 and its two-hundred day moving average is $536.51. Lockheed Martin has a 12-month low of $413.92 and a 12-month high of $618.95. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66.

Institutional Trading of Lockheed Martin

Several hedge funds and other institutional investors have recently bought and sold shares of LMT. Mayflower Financial Advisors LLC boosted its holdings in shares of Lockheed Martin by 9.1% during the fourth quarter. Mayflower Financial Advisors LLC now owns 3,670 shares of the aerospace company’s stock worth $1,783,000 after purchasing an additional 305 shares during the last quarter. Orca Wealth Management LLC acquired a new stake in Lockheed Martin in the 4th quarter worth about $1,270,000. BSW Wealth Partners grew its holdings in Lockheed Martin by 89.5% in the 4th quarter. BSW Wealth Partners now owns 1,588 shares of the aerospace company’s stock valued at $772,000 after buying an additional 750 shares during the period. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Lockheed Martin by 5.8% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,363 shares of the aerospace company’s stock valued at $662,000 after acquiring an additional 75 shares during the last quarter. Finally, Stonegate Investment Group LLC lifted its holdings in shares of Lockheed Martin by 0.4% during the 4th quarter. Stonegate Investment Group LLC now owns 105,090 shares of the aerospace company’s stock worth $51,067,000 after acquiring an additional 387 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Company Profile

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.