Lockheed Martin (NYSE:LMT) Issues Quarterly Earnings Results, Beats Estimates By $1.09 EPS

Lockheed Martin (NYSE:LMT) announced its earnings results on Tuesday. The aerospace company reported $7.67 earnings per share for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09, Zacks reports. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin updated its FY 2025 guidance to 27.000-27.300 EPS.

Lockheed Martin Stock Down 9.1 %

Shares of Lockheed Martin stock opened at $457.89 on Wednesday. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The stock has a market cap of $108.54 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 4.05 and a beta of 0.48. The firm’s 50-day moving average is $498.68 and its two-hundred day moving average is $537.59. Lockheed Martin has a 1 year low of $413.92 and a 1 year high of $618.95.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.88%. Lockheed Martin’s payout ratio is currently 47.79%.

Analysts Set New Price Targets

A number of analysts recently weighed in on LMT shares. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and dropped their target price for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Barclays lowered their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Wells Fargo & Company decreased their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Citigroup lowered their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Finally, TD Cowen boosted their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $577.73.

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.