Lockheed Martin Corporation (LMT) Expected to Announce Quarterly Sales of $12.83 Billion

Lloyd Doyle
October 18, 2017

Lockheed Martin Corporation (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 18th. LMT's profit would be $941.72 million giving it 24.42 P/E if the $3.27 EPS is correct. It has underperformed by 2.51% the S&P500.

Analysts await Lockheed Martin Corporation (NYSE:LMT) to report earnings on October, 24. Therefore 60% are positive. 317.89 was the targeted price for Lockheed Martin Corporation having a 1095705 volume of shares. Jefferies maintained Lockheed Martin Corporation (NYSE:LMT) rating on Thursday, July 13. Buckingham Research maintained Lockheed Martin Corporation (NYSE:LMT) rating on Thursday, October 5. As per Friday, August 25, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained the stock with "Hold" rating in Friday, September 29 report. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company.

Among 12 analysts covering CMS Energy Corporation (NYSE:CMS), 3 have Buy rating, 0 Sell and 9 Hold.

Lockheed Martin Corporation declared that its board has approved a stock repurchase plan on Thursday, September 28th that authorizes the company to buyback $2.00 billion in shares. The company was maintained on Wednesday, August 24 by Goldman Sachs.

Investors sentiment increased to 1.07 in Q2 2017. Lockheed Martin Corporation has 8 buy ratings, 10 holds and 0 sells even after the stock tumbled -1.01% from its high of $322.19 to a $92.36 billion market value through last close.

Lockheed Martin Corporation (LMT) performance during the last one year upgraded 37.08 percent, while its year to date (YTD) performance showed a positive trend of 27.79 percent. 102 funds opened positions while 360 raised stakes.

Raytheon pays an annual dividend of $3.19 per share and has a dividend yield of 1.7%. Altfest L J holds 0.98% or 5,860 shares in its portfolio. Cahill holds 2,475 shares. Gardner Lewis Asset Mgmt Lp invested in 0.15% or 8,034 shares. Sun Life Fin Incorporated stated it has 1,819 shares. 11,263 are owned by Sigma Planning.

ILLEGAL ACTIVITY NOTICE: "Lockheed Martin Corporation (LMT) Expected to Announce Quarterly Sales of $12.83 Billion" was originally reported by Week Herald and is owned by of Week Herald. Morgan Stanley holds 1.79M shares or 0.15% of its portfolio. Ci Global Invs accumulated 1,170 shares. Moreover, Security National Trust Com has 0% invested in Lockheed Martin Corporation (NYSE:LMT). California Pub Employees Retirement System accumulated 0.3% or 676,703 shares. Barrington Strategic Wealth Ltd Liability Company has 4,289 shares for 0.6% of their portfolio.

In other Lockheed Martin Corporation news, VP Brian P. Colan sold 350 shares of the stock in a transaction dated Tuesday, August 15th. Catawba Capital Management who had been investing in Lockheed Martin Corp for a number of months, seems to be bullish on the $91.73 billion market cap company. Catawba Capital Management bought 2,548 shares as the company's stock rose 2.80% with the market. The Firm operates through three divisions: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in MI; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in MI, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.

The company P/E (price to earnings) ratio is 25.15 and Forward P/E ratio is 22.54. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies. Cowen & Co has "Hold" rating and $29500 target. The stock has "Neutral" rating by UBS on Wednesday, December 9. Stifel Nicolaus maintained the stock with "Buy" rating in Thursday, July 23 report. Jefferies has "Hold" rating and $24000 target. The stock of Discover Financial Services (NYSE:DFS) earned "Outperform" rating by Oppenheimer on Tuesday, October 6. Nationwide Fund Advsr reported 132,474 shares. Bancshares reported 300,219 shares. The firm has "Underweight" rating by Barclays Capital given on Monday, November 30. The firm has "Buy" rating given on Friday, September 29 by Piper Jaffray.

Investors sentiment increased to 0.97 in 2017 Q2. Its up 0.20, from 1.08 in 2017Q1. It increased, as 50 investors sold NEE shares while 381 reduced holdings. 51 funds opened positions while 128 raised stakes. B And T Dba Alpha invested in 1.23% or 8,975 shares. It also upped Johnson & Johnson (NYSE:JNJ) stake by 5,140 shares and now owns 97,246 shares. Riverhead Capital Management Ltd Liability has 0.03% invested in Trimble Inc (NASDAQ:TRMB).

Loring Wolcott And Coolidge Fiduciary Limited Liability Partnership Ma reported 27 shares. Invesco, Georgia-based fund reported 826,677 shares. 324,100 were accumulated by Schwartz Investment Counsel. Gilman Hill Asset Management Llc stated it has 2,183 shares. Numeric Invsts Limited stated it has 168,300 shares or 0.09% of all its holdings. Washington Bank reported 0.01% stake. Horizon Kinetics Ltd Liability Co reported 806 shares.

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