NYSE:LMT - Lockheed Martin Stock Price, Forecast & News

Lockheed Martin's stock was trading at $356.93 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, LMT shares have decreased by 2.3% and is now trading at $348.85. View which stocks have been mosted impacted by Coronavirus.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lockheed Martin in the last year. There are currently 5 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Lockheed Martin.

Lockheed Martin is scheduled to release its next quarterly earnings announcement on Tuesday, April 28th 2020. View our earnings forecast for Lockheed Martin.

Lockheed Martin Co. (NYSE:LMT) posted its earnings results on Tuesday, January, 28th. The aerospace company reported $5.29 earnings per share for the quarter, topping analysts' consensus estimates of $5.03 by $0.26. The aerospace company had revenue of $15.88 billion for the quarter, compared to analyst estimates of $15.28 billion. Lockheed Martin had a net margin of 10.42% and a return on equity of 198.95%. The company's quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.39 EPS. View Lockheed Martin's earnings history.

Lockheed Martin announced a quarterly dividend on Friday, January 24th. Stockholders of record on Monday, March 2nd will be given a dividend of $2.40 per share on Friday, March 27th. This represents a $9.60 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Friday, February 28th. View Lockheed Martin's dividend history.

Lockheed Martin announced that its board has initiated a stock buyback program on Thursday, September 26th 2019, which authorizes the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

Lockheed Martin updated its FY20 earnings guidance on Tuesday, January, 28th. The company provided EPS guidance of $23.65-23.95 for the period, compared to the Thomson Reuters consensus estimate of $24.16. The company issued revenue guidance of $62.75-64.25 billion, compared to the consensus revenue estimate of $62.56 billion.

15 equities research analysts have issued 12-month price objectives for Lockheed Martin's stock. Their forecasts range from $360.00 to $520.00. On average, they expect Lockheed Martin's share price to reach $437.93 in the next year. This suggests a possible upside of 25.5% from the stock's current price. View analysts' price targets for Lockheed Martin.

News stories about LMT stock have been trending somewhat negative recently, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Lockheed Martin earned a media sentiment score of -1.9 on InfoTrie's scale. They also assigned press coverage about the aerospace company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutLockheed Martin.

Lockheed Martin saw a decrease in short interest in March. As of March 13th, there was short interest totaling 2,997,300 shares, a decrease of 14.8% from the February 27th total of 3,520,000 shares. Based on an average daily volume of 1,300,000 shares, the short-interest ratio is presently 2.3 days. Currently, 1.1% of the shares of the stock are short sold. View Lockheed Martin's Current Options Chain.

Some companies that are related to Lockheed Martin include Honeywell International (HON), Boeing (BA), United Technologies (UTX), Northrop Grumman (NOC), Raytheon (RTN), General Dynamics (GD), TransDigm Group (TDG), Teledyne Technologies (TDY), Heico (HEI), Huntington Ingalls Industries (HII), Textron (TXT), Axon Enterprise (AAXN), Curtiss-Wright (CW), Aerojet Rocketdyne (AJRD) and Hexcel (HXL).

Based on aggregate information from My MarketBeat watchlists, some companies that other Lockheed Martin investors own include Boeing (BA), Johnson & Johnson (JNJ), Walt Disney (DIS), NVIDIA (NVDA), AT&T (T), Home Depot (HD), Alibaba Group (BABA), Cisco Systems (CSCO), Intel (INTC) and Netflix (NFLX).

Lockheed Martin trades on the New York Stock Exchange (NYSE) under the ticker symbol "LMT."

Shares of LMT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of LMT stock can currently be purchased for approximately $348.85.

Lockheed Martin has a market capitalization of $98.28 billion and generates $59.81 billion in revenue each year. The aerospace company earns $6.23 billion in net income (profit) each year or $21.95 on an earnings per share basis. Lockheed Martin employs 110,000 workers across the globe. View additional information about Lockheed Martin.

The official website for Lockheed Martin is http://www.lockheedmartin.com/.

Lockheed Martin's mailing address is 6801 ROCKLEDGE DRIVE, BETHESDA MD, 20817. The aerospace company can be reached via phone at 301-897-6000 or via email at [email protected]