Lockheed Martin (LMT) Projected to Post Quarterly Earnings on Tuesday

Lockheed Martin (NYSE:LMT) is anticipated to announce its earnings results before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $6.58 per share and revenue of $18,746,649.98 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Lockheed Martin Price Performance

LMT opened at $496.96 on Monday. The stock has a market capitalization of $117.80 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The stock’s 50 day moving average price is $499.24 and its 200-day moving average price is $536.76. Lockheed Martin has a 52-week low of $413.92 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LMT. Citigroup cut their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Robert W. Baird increased their target price on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. UBS Group boosted their price target on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Susquehanna lowered their price target on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. One 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 data from MarketBeat.com, Lockheed Martin 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.