Q4 EPS Estimates for Lockheed Martin Cut by Seaport Res Ptn

Lockheed Martin Co. (NYSE:LMT - Free Report) - Stock analysts at Seaport Res Ptn cut their Q4 2024 earnings estimates for shares of Lockheed Martin in a research note issued to investors on Wednesday, October 23rd. Seaport Res Ptn analyst R. Safran now anticipates that the aerospace company will post earnings of $6.61 per share for the quarter, down from their previous estimate of $6.92. The consensus estimate for Lockheed Martin's current full-year earnings is $26.68 per share. Seaport Res Ptn also issued estimates for Lockheed Martin's Q1 2025 earnings at $6.76 EPS, Q2 2025 earnings at $7.29 EPS, Q3 2025 earnings at $7.41 EPS, Q4 2025 earnings at $7.96 EPS and FY2025 earnings at $29.42 EPS.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion for the quarter, compared to analysts' expectations of $17.38 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. Lockheed Martin's revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $6.77 EPS.

LMT has been the topic of a number of other reports. Bank of America reaffirmed a "buy" rating and set a $635.00 price target on shares of Lockheed Martin in a research note on Friday, August 30th. Citigroup upped their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Lockheed Martin from $600.00 to $620.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Melius Research raised shares of Lockheed Martin to a "strong-buy" rating in a research note on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an "overweight" rating in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin has a consensus rating of "Moderate Buy" and a consensus target price of $606.71.

Lockheed Martin Price Performance

Shares of NYSE:LMT traded down $6.89 on Thursday, reaching $564.21. 1,101,718 shares of the company were exchanged, compared to its average volume of 1,054,898. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. Lockheed Martin has a 1-year low of $413.92 and a 1-year high of $618.95. The firm has a market cap of $135.38 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 4.84 and a beta of 0.47. The company has a 50-day moving average of $579.95 and a 200-day moving average of $513.50.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.34%. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.15. The ex-dividend date is Monday, December 2nd. Lockheed Martin's dividend payout ratio is 48.30%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mattson Financial Services LLC purchased a new position in shares of Lockheed Martin during the 2nd quarter worth about $27,000. Sachetta LLC increased its position in Lockheed Martin by 50.0% during the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company's stock worth $28,000 after purchasing an additional 20 shares in the last quarter. Wiser Advisor Group LLC increased its position in Lockheed Martin by 65.8% during the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company's stock worth $29,000 after purchasing an additional 25 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in Lockheed Martin during the 1st quarter worth approximately $30,000. Finally, Stephens Consulting LLC increased its position in Lockheed Martin by 48.9% during the 2nd quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company's stock worth $31,000 after purchasing an additional 22 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

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.