Lockheed Martin (LMT) Tops Q1 Earnings, Misses on Sales

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They expect $2.76 EPS, up 6.52% or $0.18 from last year's $2.58 per share.

Defence contractor Lockheed Martin reported its first-quarter earnings on Tuesday ahead of the bell on Wall Street, seeing increased revenue in its aeronautical business, which includes the F35 program much maligned by President Donald Trump.

Raytheon Co. (NYSE: RTN), maker of the Tomahawk missiles used in the attack on a Syrian airport earlier this month, reports first-quarter results Thursday morning and analysts are looking for EPS of $1.61 ($1.43 a year ago) and revenues of $5.83 billion ($5.76 last year).

Lockheed Martin Corporation LMT is the largest USA defense contractor with a platform-centric focus that guarantees a steady inflow of follow-on orders from a leveraged presence in the Army, Air Force, Navy and IT programs. Analysts predict that Lockheed Martin will post $12.64 earnings per share for the current fiscal year.

General Dynamics Corp. (NYSE: GD) saw shares trading roughly flat at $191.92, in a 52-week range of $132.68 to $194. Company's distance from 20 day simple moving average is 2.65% and distance from 50-Day simple moving average is 3.30%. (AN). The consensus rating is 2.9, suggesting the market has given up on the stock.

As the earnings date approaches, we can see that insider ownership is now 0.10% shares, and institutional ownership is at 81.30% for Lockheed Martin Corporation (NYSE:LMT) stock. Lockheed Martin had a return on equity of 151.34% and a net margin of 10.41%.

"TRADEMARK VIOLATION NOTICE: "$2.76 EPS Expected for Lockheed Martin Co. Current price level places the company's stock about -2.39% from the 52-week high and 23.15% away from the 52-week low. "(LMT) This Quarter" was reported by Transcript Daily and is the sole property of of Transcript Daily. The stock has a market cap of $78.04 billion, a P/E ratio of 15.44 and a beta of 0.68. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of United States & worldwide trademark & copyright legislation. The last session's volume of 11.43 million shares was higher than its average volume of 9.71 million shares. The ex-dividend date of this dividend was Monday, February 27th.

"Lockheed Martin is committed to supporting the nation's Integrated Air & Missile Defense and homeland defense missions and we are actively investing in research and technologies that will lead to advanced solutions", said Chandra Marshall, LRDR program director, Lockheed Martin. Infrastructure is in place at Lockheed Martin manufacturing facilities to quickly deliver Fury and to rapidly scale up to full-rate production needs. The Company operates through four segments.