Lockheed Martin Q4 EPS Forecast Increased by Zacks Research

Lockheed Martin Co. (NYSE:LMT) – Zacks Research increased their Q4 2024 earnings estimates for shares of Lockheed Martin in a note issued to investors on Wednesday, December 18th. Zacks Research analyst R. Department now anticipates that the aerospace company will post earnings per share of $6.40 for the quarter, up from their previous estimate of $6.37. The consensus estimate for Lockheed Martin’s current full-year earnings is $26.88 per share. Zacks Research also issued estimates for Lockheed Martin’s Q2 2025 earnings at $7.28 EPS, Q1 2026 earnings at $6.83 EPS and Q2 2026 earnings at $7.70 EPS.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the business posted $6.77 earnings per share.

A number of other research firms also recently weighed in on LMT. Barclays raised their target price on shares of Lockheed Martin from $505.00 to $565.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. TD Cowen raised their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. UBS Group upped their target price on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Citigroup raised their price target on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Royal Bank of Canada dropped their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $612.29.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $488.13 on Monday. 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 firm has a market cap of $115.71 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 4.05 and a beta of 0.46. The stock’s 50-day moving average is $538.54 and its 200-day moving average is $533.84. Lockheed Martin has a one year low of $413.92 and a one year high of $618.95.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.70%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio (DPR) is 47.79%.

Institutional Investors Weigh In On Lockheed Martin

Institutional investors have recently modified their holdings of the business. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin during the third quarter worth approximately $26,000. Burkett Financial Services LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at $32,000. Mattson Financial Services LLC acquired a new stake in shares of Lockheed Martin during the 2nd quarter worth $27,000. Sachetta LLC increased its position in shares of Lockheed Martin by 50.0% in the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 20 shares during the period. Finally, Stephens Consulting LLC raised its stake in Lockheed Martin by 48.9% in the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 22 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

About Lockheed Martin

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.