Analysts Offer Predictions for Lockheed Martin Q4 Earnings

Lockheed Martin Co. (NYSE:LMT) – Seaport Res Ptn reduced their Q4 2024 earnings per share estimates for Lockheed Martin in a note issued to investors on Wednesday, October 23rd. Seaport Res Ptn analyst R. Safran now anticipates that the aerospace company will post earnings per share of $6.61 for the quarter, down from their prior estimate of $6.92. The consensus estimate for Lockheed Martin’s current full-year earnings is $26.68 per share. Seaport Res Ptn also issued estimates for Lockheed Martin’s Q1 2025 earnings at $6.76 EPS, Q2 2025 earnings at $7.29 EPS, Q3 2025 earnings at $7.41 EPS, Q4 2025 earnings at $7.96 EPS and FY2025 earnings at $29.42 EPS.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The company had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same period last year, the firm earned $6.77 earnings per share. Lockheed Martin’s quarterly revenue was up 1.3% on a year-over-year basis.

Other equities analysts have also issued reports about the stock. Royal Bank of Canada decreased their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a report on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Susquehanna decreased their price objective on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a report on Wednesday. Barclays boosted their price objective on shares of Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Finally, Robert W. Baird boosted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $606.71.

Lockheed Martin Price Performance

LMT stock opened at $571.10 on Thursday. The firm has a 50 day moving average price of $579.95 and a 200-day moving average price of $513.50. Lockheed Martin has a 52-week low of $413.92 and a 52-week high of $618.95. The firm has a market capitalization of $137.03 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 4.84 and a beta of 0.47. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24.

Institutional Investors Weigh In On Lockheed Martin

A number of hedge funds have recently modified their holdings of the business. CVA Family Office LLC grew its position in shares of Lockheed Martin by 1.1% during the 3rd quarter. CVA Family Office LLC now owns 1,548 shares of the aerospace company’s stock valued at $905,000 after acquiring an additional 17 shares during the period. Quad Cities Investment Group LLC lifted its stake in shares of Lockheed Martin by 1.2% during the 3rd quarter. Quad Cities Investment Group LLC now owns 1,572 shares of the aerospace company’s stock valued at $919,000 after buying an additional 19 shares in the last quarter. HTLF Bank lifted its stake in shares of Lockheed Martin by 3.7% during the 2nd quarter. HTLF Bank now owns 565 shares of the aerospace company’s stock valued at $264,000 after buying an additional 20 shares in the last quarter. tru Independence LLC lifted its stake in shares of Lockheed Martin by 2.5% during the 2nd quarter. tru Independence LLC now owns 827 shares of the aerospace company’s stock valued at $386,000 after buying an additional 20 shares in the last quarter. Finally, Sachetta LLC lifted its stake in shares of Lockheed Martin by 50.0% during the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after buying an additional 20 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.30 per share. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.31%. Lockheed Martin’s payout ratio is presently 48.30%.

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.