Lockheed Martin (LMT) Projected to Post Earnings on Tuesday

Lockheed Martin (NYSE:LMT - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $6.58 per share and revenue of $18,746,649.98 billion for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Lockheed Martin Stock Down 0.1 %

Lockheed Martin stock traded down $0.32 during trading hours on Friday, hitting $496.96. The stock had a trading volume of 759,338 shares, compared to its average volume of 934,563. The stock has a market capitalization of $117.80 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The stock's 50-day moving average price is $499.24 and its 200-day moving average price is $536.76. Lockheed Martin has a 12-month low of $413.92 and a 12-month high of $618.95.

Analysts Set New Price Targets

Several research firms have recently weighed in on LMT. Robert W. Baird boosted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Citigroup reduced their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Royal Bank of Canada cut their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. TD Cowen lifted their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Finally, Susquehanna decreased their price objective on Lockheed Martin from $695.00 to $590.00 and set a "positive" rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $577.73.

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.