Lockheed Martin's sales miss estimates, shares drop


Lockheed Martin reported earnings of $2.61 per share or $763 million on $11.1 billion in revenue, compared to the analyst estimates of 2.79 per share and $11.2 billion in sales.

In terms of earnings per share, 19 analysts have a 3.09 EPS mean target for the quarter ending Jun-17, for the quarter ending Sep-17, 19 analysts have a 3.21 EPS mean target and for the quarter ending Sep-17 there are 21 estimates of 12.64 EPS.

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Over the past five trading sessions shares of Lockheed Martin Corporation (NYSE:LMT) are 2.35%; 2.49% for the month; 8.01% for the last quarter; 20.79% for the past six-months; and 25.15% for the last 12 months. Adjusted per share earnings of $2.61 included a 16 cents special charge, the company said.

Lockheed Martin Corporation (NYSE:LMT) closed up +3.12 points or 1.14% at $276.21 with 1.1 mln shares exchanging hands. The stock's market capitalization is 79.82B, it has a 52-week low of 227.85 and a 52-week high of 276.64. Deutsche Bank maintained the shares of MCS in report on Thursday, January 26 with "Buy" rating. Vaughan David Invs Il holds 0.02% of its portfolio in Lockheed Martin Corporation (NYSE:LMT) for 1,413 shares. However, CFRA is not anxious about it and kept its Strong Buy rating, as well as, one-year price target of $302. The company now has an average rating of Hold and a consensus price target of $278.33. Lockheed Martin had a return on equity of 151.34% and a net margin of 10.41%. Analyst's mean target price for LMT is $282.68 while analysts mean recommendation is 2.20. Moreover, Geneva Advsrs Ltd Limited Liability Company has 0.01% invested in Lockheed Martin Corporation (NYSE:LMT). The firm earned "Sector Perform" rating on Thursday, May 19 by RBC Capital Markets.

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Wall Street analysts forecast that Lockheed Martin Co. Sales rose to $11.1 billion from $10.4 billion, just below the FactSet consensus of $11.2 billion.

Among 2 analysts covering CSG Systems (NASDAQ:CSGS), 1 have Buy rating, 0 Sell and 1 Hold. About shares traded. Lockheed Martin Corporation (NYSE:LMT) has risen 16.32% since September 16, 2016 and is uptrending. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of USA & worldwide copyright & trademark law. Shareholders of record on Wednesday, March 1st were issued a dividend of $1.82 per share.

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Lockheed Martin Corporation is a security and aerospace company. The ex-dividend date of this dividend was Monday, February 27th. Lockheed Martin's dividend payout ratio (DPR) is 42.37%. 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.