Lockheed Martin (NYSE:LMT – Get Free Report) released its earnings results on Tuesday. The aerospace company reported $6.84 EPS for the quarter, beating the consensus estimate of $6.50 by $0.34, Briefing.com reports. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The firm had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. During the same period in the prior year, the company earned $6.77 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Lockheed Martin updated its FY24 guidance to $26.65 EPS and its FY 2024 guidance to 26.650-26.650 EPS.
Lockheed Martin Stock Performance
NYSE LMT opened at $564.95 on Friday. Lockheed Martin has a 1-year low of $413.92 and a 1-year high of $618.95. The company has a 50 day moving average of $579.95 and a 200-day moving average of $513.50. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. The firm has a market cap of $135.55 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 4.84 and a beta of 0.47.
Lockheed Martin Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be given a $3.30 dividend. The ex-dividend date is Monday, December 2nd. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 dividend on an annualized basis and a yield of 2.34%. Lockheed Martin’s payout ratio is 48.30%.
Wall Street Analysts Forecast Growth
View Our Latest Stock 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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