when does lockheed martin report earnings
Source: istock

What to Watch for in Lockheed Martin’s Q3 Earnings


Oct. 16 2020, Updated 10:26 a.m. ET

Lockheed Martin is scheduled to release its third-quarter earnings report on Tuesday, Oct.20, before the market opens. Let’s look at Wall Street analysts’ expectations for the third quarter.

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When is Lockheed Martin’s earnings date?

Lockheed Martin is set to report its third-quarter financial results on Tuesday, Oct. 20, at 7:30 a.m. The aerospace and defense company has scheduled an earnings conference call with investors on the same day at 11:00 a.m. ET.

When Does Lockheed Martin Report Earnings?
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In the third quarter, Wall Street analysts expect Lockheed Martin to post sales of $16.1 billion, which would be 6.2 percent higher than its $15.2 billion in sales in the third quarter of 2019. Analysts also expect Lockheed Martin to post adjusted EPS of $6.09 in the third quarter, compared with $5.66 in the same period a year ago. In the second quarter of 2020, Lockheed Martin reported adjusted EPS of $5.79 and sales of $16.2 billion.

What is Lockheed Martin’s stock price? What is Lockheed Martin’s stock price in premarket today?

Lockheed Martin stock is traded on the NYSE under the ticker symbol “LMT.” Lockheed Martin stock was down about 0.03 percent at $386 in premarket trading today as of 7:15 a.m. ET. The stock fell 1.2 percent on Oct. 15 and closed at $386.12 with a market capitalization of $107.9 billion.

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Lockheed Martin stock has risen by 0.1 percent in the last five days and 3.7 percent in the last year. The stock is trading 12.7 percent below its 52-week high of $442.53 and 45.1 percent above its 52-week low of $266.11.

What is Lockheed Martin’s dividend yield?

As of Oct. 15, Lockheed Martin’s dividend yield was 2.69 percent. The company currently pays an annual dividend of $10.40 per share. Lockheed Martin has increased its dividend for the last 17 years, by an average of 10 percent each year.

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When Does Lockheed Martin Report Earnings?
Source: Pixabay

What is Lockheed Martin’s stock forecast?

Currently, analysts' stock price forecast for Lockheed Martin is $435.95, which suggests a 12.9 percent upside. Their highest target price of $509 implies a 31.8 percent upside, while their lowest target price of $400 suggests a 3.6 percent upside. Of the 22 Wall Street analysts tracking Lockheed Martin, ten recommend "buy," and 12 recommend "hold." None of the analysts recommend "sell."

Lockheed Martin investor relations

Lockheed Martin has scheduled a third-quarter earnings conference call on Tuesday, Oct. 20 at 11:00 a.m. ET. Investors and analysts can access the live webcast and relevant financial charts on the company’s investor relations website.


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