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. Persons interested in participating in the company’s earnings conference call can do so using this link.

Lockheed Martin Stock Performance

NYSE:LMT opened at $496.96 on Monday. The stock’s 50-day moving average is $499.24 and its 200-day moving average is $536.76. Lockheed Martin has a 1-year low of $413.92 and a 1-year high of $618.95. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The stock has a market cap of $117.80 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LMT. JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada dropped their target price on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. TD Cowen raised their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Finally, Barclays lowered their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and an average price target of $577.73.

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.