Equities research analysts expect that Lockheed Martin Co. (NYSE:LMT) will report earnings per share of $4.31 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Lockheed Martin’s earnings, with estimates ranging from $4.13 to $4.50. Lockheed Martin posted earnings per share of $4.02 during the same quarter last year, which indicates a positive year-over-year growth rate of 7.2%. The business is scheduled to issue its next quarterly earnings report on Tuesday, April 23rd.

On average, analysts expect that Lockheed Martin will report full-year earnings of $19.49 per share for the current fiscal year, with EPS estimates ranging from $19.20 to $19.85. For the next financial year, analysts anticipate that the firm will post earnings of $24.58 per share, with EPS estimates ranging from $21.95 to $25.91. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Lockheed Martin.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $4.39. The business had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.75 billion. Lockheed Martin had a net margin of 9.39% and a return on equity of 726.78%. Lockheed Martin’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the business earned ($2.25) EPS.

A number of analysts have recently issued reports on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $313.00 price target on shares of Lockheed Martin in a report on Tuesday, February 5th. Zacks Investment Research downgraded shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, January 14th. Bank of America reaffirmed a “buy” rating and set a $390.00 price target on shares of Lockheed Martin in a report on Wednesday, January 30th. ValuEngine downgraded shares of Lockheed Martin from a “hold” rating to a “sell” rating in a report on Tuesday, December 25th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $297.00 price target on shares of Lockheed Martin in a report on Wednesday, January 23rd. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Lockheed Martin presently has an average rating of “Buy” and a consensus target price of $348.50.

In other Lockheed Martin news, EVP Richard F. Ambrose sold 6,647 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $301.34, for a total transaction of $2,003,006.98. Following the transaction, the executive vice president now owns 4,218 shares of the company’s stock, valued at $1,271,052.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michele A. Evans sold 7,690 shares of Lockheed Martin stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $298.78, for a total transaction of $2,297,618.20. Following the transaction, the insider now directly owns 7,690 shares in the company, valued at approximately $2,297,618.20. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Oregon Public Employees Retirement Fund raised its position in shares of Lockheed Martin by 77,867.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,152,483 shares of the aerospace company’s stock valued at $81,000 after buying an additional 21,125,353 shares during the last quarter. BlackRock Inc. raised its position in shares of Lockheed Martin by 8.2% during the fourth quarter. BlackRock Inc. now owns 18,811,944 shares of the aerospace company’s stock valued at $4,925,719,000 after buying an additional 1,426,889 shares during the last quarter. Capital International Investors raised its position in shares of Lockheed Martin by 47.7% during the third quarter. Capital International Investors now owns 3,465,642 shares of the aerospace company’s stock valued at $1,198,974,000 after buying an additional 1,119,631 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Lockheed Martin by 40.6% during the fourth quarter. California Public Employees Retirement System now owns 1,294,842 shares of the aerospace company’s stock valued at $339,041,000 after buying an additional 373,997 shares during the last quarter. Finally, FMR LLC raised its position in shares of Lockheed Martin by 13.7% during the third quarter. FMR LLC now owns 2,656,966 shares of the aerospace company’s stock valued at $919,205,000 after buying an additional 319,488 shares during the last quarter. 85.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE LMT opened at $300.04 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 8.70. The stock has a market cap of $85.34 billion, a PE ratio of 16.81, a P/E/G ratio of 2.24 and a beta of 1.02. Lockheed Martin has a 52-week low of $241.18 and a 52-week high of $363.00.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be issued a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Thursday, February 28th. Lockheed Martin’s payout ratio is 49.30%.

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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Earnings History and Estimates for Lockheed Martin (NYSE:LMT)

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