Lockheed Martin Q4 EPS Estimate Lifted by Zacks Research

Lockheed Martin Co. (NYSE:LMT) – Investment analysts at Zacks Research increased their Q4 2024 EPS estimates for shares of Lockheed Martin in a research note issued on Wednesday, December 18th. Zacks Research analyst R. Department now anticipates that the aerospace company will post earnings per share of $6.40 for the quarter, up from their previous forecast of $6.37. The consensus estimate for Lockheed Martin’s current full-year earnings is $26.88 per share. Zacks Research also issued estimates for Lockheed Martin’s Q2 2025 earnings at $7.28 EPS, Q1 2026 earnings at $6.83 EPS and Q2 2026 earnings at $7.70 EPS.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same quarter in the previous year, the firm posted $6.77 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year.

A number of other analysts also recently commented on LMT. Wells Fargo & Company dropped their price objective on Lockheed Martin from $602.00 to $543.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th. TD Cowen boosted their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Citigroup increased their target price on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, UBS Group lifted their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and an average target price of $612.29.

Lockheed Martin Trading Up 0.3 %

NYSE:LMT opened at $488.13 on Monday. The stock has a market cap of $115.71 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 4.05 and a beta of 0.46. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. Lockheed Martin has a 1 year low of $413.92 and a 1 year high of $618.95. The business has a fifty day moving average of $538.54 and a 200-day moving average of $533.84.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s payout ratio is currently 47.79%.

Hedge Funds Weigh In On Lockheed Martin

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin during the 3rd quarter worth about $26,000. Mattson Financial Services LLC acquired a new position in Lockheed Martin during the 2nd quarter valued at about $27,000. Sachetta LLC grew its position in shares of Lockheed Martin by 50.0% during the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after buying an additional 20 shares during the period. Stephens Consulting LLC raised its stake in shares of Lockheed Martin by 48.9% during the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock worth $31,000 after buying an additional 22 shares during the last quarter. Finally, Burkett Financial Services LLC acquired a new position in Lockheed Martin in the third quarter valued at approximately $32,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

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.