Lockheed Martin (LMT) Projected to Post Quarterly Earnings on Tuesday

Lockheed Martin (NYSE:LMT - Get Free Report) will likely be releasing its earnings data before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $6.58 per share and revenue of $18,746,649.98 billion for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $6.77 earnings per share. On average, analysts expect Lockheed Martin to post $27 EPS for the current fiscal year and $28 EPS for the next fiscal year.

Lockheed Martin Stock Up 3.3 %

NYSE LMT traded up $16.25 on Tuesday, reaching $506.57. The company had a trading volume of 1,614,033 shares, compared to its average volume of 1,188,400. The firm has a market capitalization of $120.07 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 3.96 and a beta of 0.48. The company's fifty day moving average is $503.20 and its 200-day moving average is $536.20. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. Lockheed Martin has a 1-year low of $413.92 and a 1-year high of $618.95.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LMT shares. Susquehanna reduced their price objective on Lockheed Martin from $695.00 to $590.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $546.00 to $540.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. Truist Financial started coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They issued a "buy" rating and a $579.00 price objective on the stock. StockNews.com cut shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company cut their target price on shares of Lockheed Martin from $543.00 to $500.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $577.73.

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.