by SignalFactory · January 24, 2022 | 10:56:12 UTC
Lockheed Martin Corp. (NYSE: LMT) will be announcing its earnings results before the market opens on Tuesday, January 25th. Analysts expect the company to announce earnings of $7.22 per share for the quarter.
Shares of Lockheed Martin Corp. opened at $371.20 on Monday. The firm’s 50 day moving average is $350.04 and its two-hundred-day moving average is $354.31. Lockheed Martin has a 52 week low of $319.81 and a 52 week high of $396.99. The firm has a market capitalization of $102.37 billion, a P/E ratio of 17.13, a PEG ratio of 4.02, and a beta of 0.94. The company has a current ratio of 1.42, a quick ratio of 1.23, and a debt-to-equity ratio of 1.21.
Lockheed Martin led all U.S. federal contractors in federally obligated payments in 2020, accumulating some $76.8 billion. Of that total, $75.2 billion were awarded to the company’s defense businesses. Lockheed received 13.5% of all federal contract dollars in 2020 and 20.5% of defense dollars.
Over the past 12 months, the company’s stock has added nearly 12%. The Federal Trade Commission earlier this month delayed a decision on the company’s proposed $4.4 billion mergers with Aerojet Rocketdyne. The deal received backing from a bipartisan group of U.S. lawmakers in September.
Analysts’ enthusiasm for the stock has diminished since the company reported third-quarter results in October. Now just five of 17 brokerages have a Buy or Strong Buy rating on the stock, compared to nine of 19 in October. Twelve brokerages currently rate the stock at Hold. At a recent price of around $373.60 a share, the upside potential based on a median price target of $387 is 3.6%. At the high price target of $450, the upside potential is 20.4%.
Fourth-quarter revenue is forecast at $17.66 billion, which would be up 10.2% sequentially and about 3.7% higher year over year. Adjusted earnings per share (EPS) are expected to come in at $7.14, up about 3% sequentially and up nearly 12% year over year. For full fiscal 2021, Lockheed is expected to post EPS of $26.67, up 8.9%, on sales of $67.02 billion, up 2.5%.
Lockheed stock trades at 14.0 times expected 2021 EPS, 14.0 times estimated 2022 earnings of $26.67, and 13.4 times estimated 2023 earnings of $27.91 per share. The stock’s 52-week range is $319.81 to $396.99, and Lockheed pays an annual dividend of $11.20 (yield of 2.97%). Total shareholder return over the past 12 months was 13.6%.
Lockheed Martin Long (Buy) Enter at: 382.75 T.P_1: 397.36 T.P_2: 417.55 T.P_3: 442.40 T.P_4: 463.25 T.P_5: 494.12 S.L: 350.25
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