Lockheed Martin Corporation (LMT) Forecasted to Post Q1 2017 Earnings of $2.77 Per Share

Lockheed Martin Corporation (LMT) Forecasted to Post Q1 2017 Earnings of $2.77 Per Share

Lockheed Martin Corporation (NYSE:LMT) – Jefferies Group issued their Q1 2017 earnings per share estimates for Lockheed Martin Corporation in a research note issued to investors on Tuesday. Jefferies Group analyst H. Rubel anticipates that the firm will post earnings per share of $2.77 for the quarter. Jefferies Group also issued estimates for Lockheed Martin Corporation’s Q2 2017 earnings at $3.08 EPS, Q3 2017 earnings at $3.30 EPS, Q4 2017 earnings at $3.50 EPS and FY2018 earnings at $14.25 EPS.

Lockheed Martin Corporation (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 24th. The company reported $3.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.06 by $0.19. Lockheed Martin Corporation had a net margin of 10.41% and a return on equity of 151.34%. The company earned $13.80 billion during the quarter, compared to analysts’ expectations of $13.03 billion. During the same period in the prior year, the company earned $3.01 earnings per share. The business’s quarterly revenue was up 19.4% compared to the same quarter last year.

A number of other equities research analysts have also commented on the stock. Barclays PLC restated an “underweight” rating and set a $245.00 price objective (down from $250.00) on shares of Lockheed Martin Corporation in a report on Monday, October 3rd. Stifel Nicolaus upgraded shares of Lockheed Martin Corporation from a “hold” rating to a “buy” rating and raised their price objective for the stock from $260.00 to $290.00 in a report on Monday, November 14th. Citigroup Inc. restated a “buy” rating on shares of Lockheed Martin Corporation in a report on Wednesday, October 26th. Robert W. Baird restated an “outperform” rating and set a $284.00 price objective on shares of Lockheed Martin Corporation in a report on Friday, January 20th. Finally, Vetr lowered shares of Lockheed Martin Corporation from a “buy” rating to a “hold” rating and set a $260.42 price objective on the stock. in a report on Monday, January 2nd. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $274.61.

Lockheed Martin Corporation (NYSE:LMT) traded up 0.76% during midday trading on Friday, reaching $256.92. 603,383 shares of the company’s stock were exchanged. Lockheed Martin Corporation has a 52 week low of $203.65 and a 52 week high of $269.90. The firm has a 50-day moving average price of $253.79 and a 200 day moving average price of $250.70. The company has a market cap of $74.97 billion, a price-to-earnings ratio of 14.69 and a beta of 0.66.

A number of hedge funds have recently bought and sold shares of LMT. Moody Lynn & Lieberson LLC boosted its position in shares of Lockheed Martin Corporation by 4.0% in the second quarter. Moody Lynn & Lieberson LLC now owns 66,793 shares of the company’s stock valued at $16,576,000 after buying an additional 2,577 shares during the last quarter. Waverton Investment Management Ltd boosted its position in shares of Lockheed Martin Corporation by 2.5% in the second quarter. Waverton Investment Management Ltd now owns 254,844 shares of the company’s stock valued at $63,245,000 after buying an additional 6,108 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in shares of Lockheed Martin Corporation during the second quarter valued at approximately $125,819,000. Affinity Investment Advisors LLC boosted its position in shares of Lockheed Martin Corporation by 8.4% in the second quarter. Affinity Investment Advisors LLC now owns 61,564 shares of the company’s stock valued at $15,278,000 after buying an additional 4,788 shares during the last quarter. Finally, Sabal Trust CO boosted its position in shares of Lockheed Martin Corporation by 1.2% in the second quarter. Sabal Trust CO now owns 107,442 shares of the company’s stock valued at $26,664,000 after buying an additional 1,232 shares during the last quarter. 80.62% of the stock is owned by hedge funds and other institutional investors.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Wednesday, March 1st will be issued a $1.82 dividend. This represents a $7.28 dividend on an annualized basis and a yield of 2.86%. Lockheed Martin Corporation’s dividend payout ratio is currently 42.37%.

About Lockheed Martin Corporation

Lockheed Martin Corporation is a global security and aerospace company. The Company is engaged in the research, design, integration and sustainment of advanced technology systems, products and services. It operates in five segments: Aeronautics; Information Systems & Global Solutions (IS&GS); Missiles and Fire Control (MFC); Mission Systems and Training (MST), and Space Systems.

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