Lockheed Martin (NYSE:LMT) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $15.80-16.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $15.56. The company issued revenue guidance of $50.35-51.85 billion, compared to the consensus revenue estimate of $51.03 billion.
Several equities research analysts have recently weighed in on the company. Cowen reiterated a hold rating and issued a $370.00 price target on shares of Lockheed Martin in a report on Tuesday. Morgan Stanley reduced their price target on Lockheed Martin from $388.00 to $373.00 and set an overweight rating on the stock in a report on Thursday, April 12th. Barclays assumed coverage on Lockheed Martin in a report on Thursday, March 29th. They issued an equal weight rating and a $369.00 price target on the stock. Zacks Investment Research downgraded Lockheed Martin from a buy rating to a hold rating in a report on Tuesday, March 13th. Finally, Argus increased their price target on Lockheed Martin from $340.00 to $385.00 and gave the stock a buy rating in a report on Tuesday, February 6th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Lockheed Martin currently has a consensus rating of Buy and an average target price of $374.14.
LMT opened at $358.60 on Tuesday. The firm has a market cap of $100,518.06, a price-to-earnings ratio of 26.90, a PEG ratio of 3.09 and a beta of 0.72. Lockheed Martin has a 52 week low of $266.01 and a 52 week high of $363.00. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of -22.19.
In other Lockheed Martin news, Chairman Marillyn A. Hewson sold 19,000 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $346.74, for a total transaction of $6,588,060.00. Following the transaction, the chairman now directly owns 80,478 shares in the company, valued at approximately $27,904,941.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard F. Ambrose sold 7,517 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $357.89, for a total value of $2,690,259.13. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.
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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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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