Lockheed Martin (NYSE:LMT – Get Free Report) released its quarterly earnings results on Tuesday. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.45 by $0.66, Briefing.com reports. Lockheed Martin had a net margin of 9.48% and a return on equity of 90.61%. The firm had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $17.05 billion. During the same quarter in the previous year, the firm posted $6.73 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Lockheed Martin updated its FY24 guidance to $26.10-26.60 EPS and its FY 2024 guidance to 26.100-26.600 EPS.
Lockheed Martin Stock Performance
Shares of NYSE:LMT traded up $8.36 during trading on Thursday, reaching $523.56. 1,009,046 shares of the company’s stock traded hands, compared to its average volume of 1,078,522. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. Lockheed Martin has a 12 month low of $393.77 and a 12 month high of $526.69. The company has a 50 day moving average of $467.28 and a 200-day moving average of $452.98. The stock has a market capitalization of $125.62 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 4.67 and a beta of 0.46.
Lockheed Martin Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be given a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio is presently 46.10%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on LMT
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.
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