Lockheed Martin (LMT) Issues FY18 Earnings Guidance

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.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 24th. The aerospace company reported $4.02 EPS for the quarter, topping the consensus estimate of $3.35 by $0.67. The company had revenue of $11.64 billion for the quarter, compared to the consensus estimate of $11.25 billion. Lockheed Martin had a return on equity of 354.55% and a net margin of 3.92%. Lockheed Martin’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the business posted $3.00 EPS. equities research analysts forecast that Lockheed Martin will post 15.55 EPS for the current fiscal year.

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.

Earnings History and Estimates for Lockheed Martin (NYSE:LMT)

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