Lockheed Martin Q1 EPS Estimate Raised by Zacks Research

Lockheed Martin Corporation (NYSE:LMT - Free Report) - Equities research analysts at Zacks Research lifted their Q1 2027 earnings per share (EPS) estimates for shares of Lockheed Martin in a report issued on Monday, July 21st. Zacks Research analyst R. Department now forecasts that the aerospace company will post earnings per share of $7.84 for the quarter, up from their prior forecast of $7.83. The consensus estimate for Lockheed Martin's current full-year earnings is $27.15 per share. Zacks Research also issued estimates for Lockheed Martin's FY2027 earnings at $31.62 EPS.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. The business had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%. The firm's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.11 earnings per share.

Several other research analysts have also recently weighed in on the company. Wall Street Zen cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday. Jefferies Financial Group cut their price objective on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a report on Wednesday. Susquehanna cut their price objective on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a report on Wednesday. Finally, Royal Bank Of Canada cut their price objective on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a report on Wednesday. Fifteen investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $506.65.

Lockheed Martin Stock Up 0.2%

Shares of LMT stock traded up $1.05 during mid-day trading on Thursday, hitting $421.60. The company's stock had a trading volume of 2,458,783 shares, compared to its average volume of 1,823,272. Lockheed Martin has a 52-week low of $410.11 and a 52-week high of $618.95. The business has a 50-day moving average price of $465.80 and a 200 day moving average price of $462.67. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.91 and a current ratio of 0.98. The stock has a market cap of $98.43 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 1.45 and a beta of 0.28.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in Lockheed Martin by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock valued at $3,587,444,000 after acquiring an additional 560,457 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Lockheed Martin by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company's stock valued at $2,374,557,000 after purchasing an additional 59,597 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Lockheed Martin by 1.4% during the 1st quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company's stock valued at $1,021,846,000 after purchasing an additional 31,443 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Lockheed Martin by 6.3% during the 4th quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company's stock valued at $1,098,667,000 after purchasing an additional 134,662 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Lockheed Martin by 0.6% during the 1st quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company's stock valued at $958,116,000 after purchasing an additional 12,899 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 3.13%. Lockheed Martin's dividend payout ratio (DPR) is presently 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.