Lockheed Martin (NYSE:LMT – Get Free Report) posted its quarterly earnings results on Tuesday. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.80 by $0.53, Briefing.com reports. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. During the same quarter in the previous year, the firm posted $6.43 earnings per share. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. Lockheed Martin updated its FY24 guidance to $25.65-26.35 EPS and its FY 2024 guidance to 25.650-26.350 EPS.
Lockheed Martin Trading Down 0.2 %
NYSE:LMT opened at $459.13 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 2.89. Lockheed Martin has a 12 month low of $393.77 and a 12 month high of $480.92. The company has a market cap of $110.42 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 4.21 and a beta of 0.48. The company has a 50 day simple moving average of $442.16 and a two-hundred day simple moving average of $444.14.
Insider Activity at Lockheed Martin
In related news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,874 shares of company stock worth $7,249,946. 0.17% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Read Our Latest Analysis 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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