Lockheed Martin (LMT) to Post Quarterly Earnings on Tuesday

Lockheed Martin (NYSE:LMT - Get Free Report) will likely be announcing its earnings results before the market opens on Tuesday, April 22nd. Analysts expect the company to announce earnings of $6.42 per share and revenue of $17.83 billion for the quarter. Lockheed Martin has set its FY 2025 guidance at 27.000-27.300 EPS.Individual that wish to listen to the company's earnings conference call can do so using this link.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping analysts' consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, analysts expect Lockheed Martin to post $27 EPS for the current fiscal year and $30 EPS for the next fiscal year.

Lockheed Martin Trading Down 2.8 %

Shares of LMT stock traded down $13.28 during mid-day trading on Friday, reaching $463.80. 3,051,557 shares of the stock traded hands, compared to its average volume of 1,245,353. The company has a market cap of $108.79 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The stock's fifty day simple moving average is $452.24 and its two-hundred day simple moving average is $497.25. Lockheed Martin has a 1-year low of $418.88 and a 1-year high of $618.95.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were given a dividend of $3.30 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.85%. Lockheed Martin's dividend payout ratio is presently 59.30%.

Analyst Ratings Changes

LMT has been the subject of several analyst reports. Morgan Stanley raised shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a research note on Wednesday. Barclays reduced their price target on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. Truist Financial started coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a "buy" rating and a $579.00 price objective on the stock. Royal Bank of Canada downgraded shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and decreased their target price for the company from $550.00 to $480.00 in a research report on Thursday, March 27th. Finally, Melius Research downgraded shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $539.93.

Insider Buying and Selling

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the sale, the insider now owns 2,000 shares in the company, valued at $884,840. This trade represents a 61.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the sale, the vice president now directly owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,133 shares of company stock worth $3,155,916 in the last ninety days. Corporate insiders own 0.14% of the company's stock.

Institutional Investors Weigh In On Lockheed Martin

A hedge fund recently raised its stake in Lockheed Martin stock. Brighton Jones LLC boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,995 shares of the aerospace company's stock after buying an additional 191 shares during the period. Brighton Jones LLC's holdings in Lockheed Martin were worth $1,941,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 74.19% 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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.