Lockheed Martin Corporation (NYSE:LMT) Earns Daily Media Sentiment Rating of 0.13
News stories about Lockheed Martin Corporation (NYSE:LMT) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lockheed Martin Corporation earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the aerospace company an impact score of 45.0944429622365 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Trump warns N.Korea will be met with ‘fire and fury’ if threatens US – Nasdaq (nasdaq.com)
- Lockheed Martin Announces Offer to Exchange Certain Outstanding Notes for New Notes and Cash – PR Newswire (press release) (prnewswire.com)
- Lockheed fielding more missile defense queries amid North Korea tests – Reuters (reuters.com)
- Trump warns ‘fire and fury’ if N.Korea threatens U.S., Pyongyang weighs Guam strike (finance.yahoo.com)
Several brokerages have issued reports on LMT. Morgan Stanley began coverage on shares of Lockheed Martin Corporation in a research report on Tuesday. They set an “overweight” rating and a $342.00 price objective for the company. BidaskClub downgraded shares of Lockheed Martin Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Royal Bank Of Canada restated a “hold” rating on shares of Lockheed Martin Corporation in a research report on Thursday, July 20th. Zacks Investment Research downgraded shares of Lockheed Martin Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Jefferies Group LLC restated a “hold” rating and set a $240.00 price objective on shares of Lockheed Martin Corporation in a research report on Friday, July 14th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Lockheed Martin Corporation has a consensus rating of “Hold” and an average price target of $289.39.
Shares of Lockheed Martin Corporation (NYSE LMT) traded up 1.71% on Wednesday, reaching $305.22. 1,750,639 shares of the company were exchanged. Lockheed Martin Corporation has a 12-month low of $228.50 and a 12-month high of $305.54. The firm has a 50 day moving average price of $285.96 and a 200-day moving average price of $272.67. The stock has a market capitalization of $87.90 billion, a PE ratio of 17.71 and a beta of 0.60.
Lockheed Martin Corporation (NYSE:LMT) last posted its earnings results on Tuesday, July 18th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.10 by $0.13. Lockheed Martin Corporation had a net margin of 10.37% and a return on equity of 221.92%. The business had revenue of $12.69 billion for the quarter, compared to analysts’ expectations of $12.43 billion. During the same period in the prior year, the company posted $3.32 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, analysts predict that Lockheed Martin Corporation will post $12.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be paid a $1.82 dividend. This represents a $7.28 annualized dividend and a yield of 2.39%. The ex-dividend date is Wednesday, August 30th. Lockheed Martin Corporation’s dividend payout ratio is presently 42.52%.
In other Lockheed Martin Corporation news, Chairman Marillyn A. Hewson sold 26,000 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $290.53, for a total value of $7,553,780.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Maryanne Lavan sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $290.11, for a total transaction of $2,901,100.00. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.
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About Lockheed Martin Corporation
Lockheed Martin Corporation is a security and aerospace company. The Company operates through four segments. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies.
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