Analysts Offer Predictions for Lockheed Martin Q4 Earnings

Lockheed Martin Co. (NYSE:LMT) – Equities researchers at Seaport Res Ptn lowered their Q4 2024 earnings estimates for shares of Lockheed Martin in a report issued 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 forecast 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.

Other analysts have also recently issued reports about the stock. Bank of America restated a “buy” rating and set a $635.00 target price on shares of Lockheed Martin in a research report on Friday, August 30th. TD Cowen upped their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group upped their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday. Citigroup upped their target price on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Melius Research upgraded shares of Lockheed Martin to a “strong-buy” rating in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus target price of $606.71.

Lockheed Martin Stock Down 1.0 %

Shares of NYSE LMT opened at $571.10 on Thursday. The firm’s 50-day moving average price is $579.95 and its 200-day moving average price is $513.50. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. The stock has a market capitalization of $137.03 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 4.84 and a beta of 0.47. Lockheed Martin has a 12-month low of $413.92 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping the consensus estimate of $6.50 by $0.34. The business 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%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.77 EPS.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be paid a dividend of $3.30 per share. The ex-dividend date is Monday, December 2nd. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.31%. Lockheed Martin’s dividend payout ratio (DPR) is currently 48.30%.

Hedge Funds Weigh In On Lockheed Martin

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in shares of Lockheed Martin by 130.0% during the second quarter. GAMMA Investing LLC now owns 3,572 shares of the aerospace company’s stock valued at $1,668,000 after purchasing an additional 2,019 shares in the last quarter. Buck Wealth Strategies LLC bought a new position in shares of Lockheed Martin during the second quarter valued at approximately $6,611,000. Verity & Verity LLC boosted its stake in shares of Lockheed Martin by 3.2% during the second quarter. Verity & Verity LLC now owns 34,236 shares of the aerospace company’s stock valued at $15,992,000 after purchasing an additional 1,071 shares in the last quarter. Watts Gwilliam & Co. LLC bought a new position in shares of Lockheed Martin during the third quarter valued at approximately $1,096,000. Finally, New Mexico Educational Retirement Board boosted its stake in Lockheed Martin by 20.5% in the first quarter. New Mexico Educational Retirement Board now owns 14,097 shares of the aerospace company’s stock valued at $6,222,000 after acquiring an additional 2,400 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

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.