Lockheed Martin FY2025 EPS Increased by Seaport Res Ptn

Key Points

• Seaport Res Ptn has increased their fiscal year 2025 earnings per share (EPS) estimate for Lockheed Martin to $27.82, surpassing both previous estimates and the current consensus.
• Lockheed Martin reported earnings of $7.29 per share for the last quarter, exceeding the forecast of $6.57, with a revenue of $18.16 billion.
• The company's board declared a quarterly dividend of $3.30, representing an annualized yield of 2.8%, which will be paid on September 26th.

Lockheed Martin Corporation (NYSE:LMT - Free Report) - Equities researchers at Seaport Res Ptn upped their FY2025 earnings per share (EPS) estimates for Lockheed Martin in a note issued to investors on Wednesday, September 3rd. Seaport Res Ptn analyst R. Safran now forecasts that the aerospace company will post earnings of $27.82 per share for the year, up from their previous estimate of $27.39. The consensus estimate for Lockheed Martin's current full-year earnings is $27.15 per share.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating the consensus estimate of $6.57 by $0.72. The company had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.Lockheed Martin's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS.

LMT has been the topic of several other reports. Susquehanna lowered their target price on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a research report on Wednesday, July 23rd. Robert W. Baird decreased their price target on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. TD Cowen reissued a "hold" rating and set a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Cowen cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Finally, Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the company a "market perform" rating in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $494.00.

Lockheed Martin Price Performance

NYSE LMT opened at $463.68 on Monday. The company has a market capitalization of $108.25 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 1.63 and a beta of 0.26. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The business's fifty day moving average is $446.34 and its 200 day moving average is $457.69. Lockheed Martin has a fifty-two week low of $410.11 and a fifty-two week high of $618.95.

Institutional Investors Weigh In On Lockheed Martin

A number of hedge funds have recently made changes to their positions in LMT. Brighton Jones LLC lifted its position in shares of Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after buying an additional 191 shares in the last quarter. Ethic Inc. increased its stake in Lockheed Martin by 34.8% during the fourth quarter. Ethic Inc. now owns 4,925 shares of the aerospace company's stock worth $2,393,000 after acquiring an additional 1,272 shares during the last quarter. Focus Partners Wealth increased its stake in Lockheed Martin by 4.8% during the fourth quarter. Focus Partners Wealth now owns 109,784 shares of the aerospace company's stock worth $55,267,000 after acquiring an additional 5,007 shares during the last quarter. Gotham Asset Management LLC increased its stake in Lockheed Martin by 11.2% during the fourth quarter. Gotham Asset Management LLC now owns 35,884 shares of the aerospace company's stock worth $17,437,000 after acquiring an additional 3,604 shares during the last quarter. Finally, Guardian Wealth Advisors LLC NC increased its stake in Lockheed Martin by 15.1% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 1,367 shares of the aerospace company's stock worth $664,000 after acquiring an additional 179 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's payout ratio is currently 74.32%.

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.

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