Brokers Offer Predictions for Lockheed Martin Q4 Earnings

Lockheed Martin Co. (NYSE:LMT - Free Report) - Zacks Research upped their Q4 2024 EPS estimates for shares of Lockheed Martin in a research note issued on Wednesday, December 18th. Zacks Research analyst R. Department now expects that the aerospace company will earn $6.40 per share for the quarter, up from their prior estimate of $6.37. The consensus estimate for Lockheed Martin's current full-year earnings is $26.88 per share. Zacks Research also issued estimates for Lockheed Martin's Q2 2025 earnings at $7.28 EPS, Q1 2026 earnings at $6.83 EPS and Q2 2026 earnings at $7.70 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, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same period in the prior year, the business earned $6.77 EPS. The business's revenue for the quarter was up 1.3% on a year-over-year basis.

Several other brokerages also recently issued reports on LMT. Robert W. Baird lifted their price target on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. StockNews.com raised Lockheed Martin from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. Bank of America reaffirmed a "buy" rating and set a $635.00 price target on shares of Lockheed Martin in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft lifted their price target on Lockheed Martin from $600.00 to $620.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Finally, Susquehanna reduced their target price on Lockheed Martin from $705.00 to $695.00 and set a "positive" rating for the company in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $612.29.

Lockheed Martin Stock Performance

LMT stock traded down $2.53 on Monday, reaching $486.49. 1,053,040 shares of the company were exchanged, compared to its average volume of 1,100,178. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The stock's fifty day moving average price is $541.05 and its 200 day moving average price is $533.71. Lockheed Martin has a 12 month low of $413.92 and a 12 month high of $618.95. The firm has a market capitalization of $115.32 billion, a PE ratio of 17.61, a PEG ratio of 4.13 and a beta of 0.46.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LMT. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin in the third quarter valued at approximately $26,000. Mattson Financial Services LLC bought a new position in shares of Lockheed Martin during the second quarter valued at $27,000. Sachetta LLC lifted its holdings in shares of Lockheed Martin by 50.0% during the second quarter. Sachetta LLC now owns 60 shares of the aerospace company's stock worth $28,000 after purchasing an additional 20 shares during the period. Stephens Consulting LLC increased its holdings in Lockheed Martin by 48.9% in the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company's stock valued at $31,000 after purchasing an additional 22 shares during the period. Finally, Burkett Financial Services LLC bought a new position in Lockheed Martin during the 3rd quarter worth $32,000. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from Lockheed Martin's previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a yield of 2.71%. Lockheed Martin's dividend payout ratio is presently 47.79%.

Lockheed Martin Company Profile

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.