Lockheed Martin (NYSE:LMT – Get Free Report) posted its quarterly earnings data on Tuesday. The aerospace company reported $6.84 EPS for the quarter, topping the consensus estimate of $6.50 by $0.34, Briefing.com reports. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. Lockheed Martin’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.77 EPS. Lockheed Martin updated its FY24 guidance to $26.65 EPS and its FY 2024 guidance to 26.650-26.650 EPS.
Lockheed Martin Stock Up 0.6 %
Shares of NYSE LMT traded up $3.55 during midday trading on Wednesday, hitting $580.53. The company’s stock had a trading volume of 106,829 shares, compared to its average volume of 1,048,353. The business’s fifty day simple moving average is $579.79 and its two-hundred day simple moving average is $513.10. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07. Lockheed Martin has a 1 year low of $413.92 and a 1 year high of $618.95. The firm has a market capitalization of $139.29 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 4.84 and a beta of 0.47.
Lockheed Martin Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.27%. Lockheed Martin’s dividend payout ratio (DPR) is currently 48.30%.
Analysts Set New Price Targets
View Our Latest Stock Report on LMT
Lockheed Martin Company Profile
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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