Lockheed Martin (NYSE:LMT – Get Free Report) announced its quarterly 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 company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same quarter last year, the business earned $6.77 earnings per share. Lockheed Martin’s 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 Price Performance
Lockheed Martin stock traded up $2.23 during trading hours on Friday, hitting $566.44. 130,454 shares of the stock were exchanged, compared to its average volume of 1,050,291. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24. The stock has a market capitalization of $135.91 billion, a P/E ratio of 20.64, a P/E/G ratio of 4.84 and a beta of 0.47. Lockheed Martin has a 12 month low of $413.92 and a 12 month high of $618.95. The business’s 50-day moving average is $579.95 and its two-hundred day moving average is $513.50.
Lockheed Martin Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.33%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date is Monday, December 2nd. Lockheed Martin’s dividend payout ratio is currently 48.30%.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on Lockheed Martin
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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