Lockheed Martin Corp (NYSE: LMT) has reported earnings for its second fiscal quarter (ending June 30) of $6.87 versus $6.65 for the same period a year ago — an increase of 3%. Relative to the consensus estimate of $6.41, this was a premium of $0.46. For the latest four quarters through June 30, E.P.S. were $27.65 compared to $27.45 a year ago — an increase of 1%.
Recent Price Action
Lockheed Martin Corp (NYSE: LMT) stock closed at $501.29 on 7/23/24 after a very large increase of 5.6%. Moreover, exceptionally high trading volume at 263% of normal accompanied the advance. The stock has risen 8.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, LMT is expected to continue to be a major Value Builder.
Lockheed Martin has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Lockheed Martin has a neutral Power Rating of 46 but a poor Appreciation Score of 25, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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