Analysts expect that Lockheed Martin Co. (NYSE:LMT) will announce $14.98 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Lockheed Martin’s earnings, with estimates ranging from $14.80 billion to $15.45 billion. Lockheed Martin posted sales of $14.32 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.6%. The business is scheduled to issue its next quarterly earnings results on Tuesday, October 22nd.
According to Zacks, analysts expect that Lockheed Martin will report full year sales of $59.31 billion for the current fiscal year, with estimates ranging from $59.03 billion to $59.67 billion. For the next financial year, analysts forecast that the company will post sales of $61.89 billion, with estimates ranging from $59.08 billion to $63.16 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Lockheed Martin.
Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 23rd. The aerospace company reported $5.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.74 by $0.26. Lockheed Martin had a return on equity of 297.37% and a net margin of 10.18%. The company had revenue of $14.42 billion for the quarter, compared to analyst estimates of $14.17 billion. During the same period in the prior year, the company posted $4.31 EPS. Lockheed Martin’s quarterly revenue was up 7.7% on a year-over-year basis.
Shares of LMT traded up $3.54 during trading on Tuesday, reaching $377.00. The company’s stock had a trading volume of 816,400 shares, compared to its average volume of 1,171,181. The company has a fifty day moving average of $366.95 and a two-hundred day moving average of $332.26. Lockheed Martin has a twelve month low of $241.18 and a twelve month high of $381.51. The company has a market cap of $105.46 billion, a price-to-earnings ratio of 21.12, a P/E/G ratio of 2.48 and a beta of 0.97. The company has a quick ratio of 0.96, a current ratio of 1.20 and a debt-to-equity ratio of 4.36.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be issued a $2.20 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.33%. Lockheed Martin’s dividend payout ratio (DPR) is 49.30%.
In other news, Chairman Marillyn A. Hewson sold 19,500 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $369.14, for a total value of $7,198,230.00. Following the completion of the sale, the chairman now directly owns 46,534 shares in the company, valued at approximately $17,177,560.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James D. Taiclet, Jr. purchased 1,354 shares of the stock in a transaction dated Friday, August 9th. The stock was purchased at an average price of $376.32 per share, with a total value of $509,537.28. Following the completion of the acquisition, the director now directly owns 1,354 shares in the company, valued at approximately $509,537.28. The disclosure for this purchase can be found here. Insiders sold a total of 22,503 shares of company stock valued at $8,292,527 over the last quarter. Company insiders own 0.35% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Lockheed Martin by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 21,642,359 shares of the aerospace company’s stock worth $7,867,863,000 after buying an additional 111,239 shares during the last quarter. Geode Capital Management LLC grew its stake in Lockheed Martin by 25.3% during the 4th quarter. Geode Capital Management LLC now owns 3,422,800 shares of the aerospace company’s stock worth $894,874,000 after buying an additional 691,751 shares during the last quarter. Northern Trust Corp grew its stake in Lockheed Martin by 1.3% during the 2nd quarter. Northern Trust Corp now owns 3,153,040 shares of the aerospace company’s stock worth $1,146,256,000 after buying an additional 41,269 shares during the last quarter. Invesco Ltd. grew its stake in Lockheed Martin by 360.8% during the 2nd quarter. Invesco Ltd. now owns 2,615,225 shares of the aerospace company’s stock worth $950,739,000 after buying an additional 2,047,707 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Lockheed Martin by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,981,732 shares of the aerospace company’s stock worth $720,440,000 after buying an additional 9,767 shares during the last quarter. Institutional investors and hedge funds own 78.55% of the company’s stock.
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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