Is it time to Buy before this week’s earning report Lockheed Martin (NYSE:LMT)

Earnings results for Lockheed Martin (NYSE:LMT)

Lockheed Martin Corporation is estimated to report earnings on 10/19/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 7 analysts’ forecasts, the consensus EPS forecast for the quarter is $2.63. The reported EPS for the same quarter last year was $6.25.

Lockheed Martin last announced its earnings data on July 25th, 2021. The aerospace company reported $6.52 EPS for the quarter, missing analysts’ consensus estimates of $6.53 by $0.01. The business earned $17.03 billion during the quarter, compared to analyst estimates of $16.93 billion. Its revenue was up 5.0% compared to the same quarter last year. Lockheed Martin has generated $24.84 earnings per share over the last year ($25.51 diluted earnings per share) and currently has a price-to-earnings ratio of 13.9. Earnings for Lockheed Martin are expected to grow by 19.32% in the coming year, from $23.45 to $27.98 per share. Lockheed Martin has confirmed that its next quarterly earnings report will be published on Tuesday, October 26th, 2021. Lockheed Martin will be holding an earnings conference call on Tuesday, October 26th at 11:00 AM Eastern. Interested parties can .

Analyst Opinion on Lockheed Martin (NYSE:LMT)

According to the issued ratings of 8 analysts in the last year, the consensus rating for Lockheed Martin stock is Hold based on the current 7 hold ratings and 1 buy rating for LMT. The average twelve-month price target for Lockheed Martin is $396.03 with a high price target of $458.00 and a low price target of $368.00.

on LMT’s analyst rating history

Lockheed Martin has received a consensus rating of Hold. The company’s average rating score is 2.13, and is based on 1 buy rating, 7 hold ratings, and no sell ratings. According to analysts’ consensus price target of $396.03, Lockheed Martin has a forecasted upside of 12.0% from its current price of $353.75. Lockheed Martin has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Lockheed Martin (NYSE:LMT)

Lockheed Martin pays a meaningful dividend of 2.96%, higher than the bottom 25% of all stocks that pay dividends. Lockheed Martin has only been increasing its dividend for 1 years. The dividend payout ratio of Lockheed Martin is 41.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Lockheed Martin will have a dividend payout ratio of 37.17% next year. This indicates that Lockheed Martin will be able to sustain or increase its dividend.

Insiders buying/selling: Lockheed Martin (NYSE:LMT)

In the past three months, Lockheed Martin insiders have not sold or bought any company stock. Only 0.18% of the stock of Lockheed Martin is held by insiders. 74.51% of the stock of Lockheed Martin is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Lockheed Martin (NYSE:LMT

Earnings for Lockheed Martin are expected to grow by 19.32% in the coming year, from $23.45 to $27.98 per share. The P/E ratio of Lockheed Martin is 13.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.68. The P/E ratio of Lockheed Martin is 13.87, which means that it is trading at a less expensive P/E ratio than the Aerospace sector average P/E ratio of about 22.15. Lockheed Martin has a PEG Ratio of 3.23. PEG Ratios above 1 indicate that a company could be overvalued. Lockheed Martin has a P/B Ratio of 16.41. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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