If you're like me, when you see an outsized dividend yield, you stop for a second and immediately do the mental math. How much would we get back in payouts from, say, a 9.3% payer if we were to invest $10,000?
Does the recent dip in the share price make it attractive, given the risk/reward outlook?
Lockheed (LMT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Investors interested in defense stocks should wait for a better entry point for LMT stock, considering its premium valuation. However, those who already own it may continue to do so.
Lockheed Martin (NYSE: LMT) recently reported its Q3 2024 results, with revenues and earnings slightly ahead of our estimates. The company reported revenue of $17.1 billion and adjusted earnings of $6.84 per share, compared to our estimates of $17.0 billion and $6.50, respectively.
Lockheed Martin's Q3 earnings report showed plateauing sales and a decline in free cash flow, leading to a 6% drop in stock price. Despite missing sales estimates, Lockheed Martin's GAAP EPS and core earnings per share beat expectations, with a strong backlog indicating robust demand. Risks include ongoing negotiations for the F-35 program, but the company expects delayed cash flow to reverse by 2025, boosting future growth.
Lockheed Martin Corporation (NYSE:LMT ) Q3 2024 Earnings Conference Call October 22, 2024 11:00 AM ET Company Participants Maria Ricciardone - Vice President, Treasurer and Investor Relations James Taiclet - Chairman, President and CEO Jay Malave - Chief Financial Officer Conference Call Participants Ronald Epstein - Bank of America Sheila Kahyaoglu - Jefferies Noah Poponak - Goldman Sachs Myles Walton - Wolfe Research Douglas Harned - Sanford C. Bernstein & Co. Richard Safran - Seaport Research Partners David Strauss - Barclays Bank Jason Gursky - Citi Research Rob Stallard - Vertical Research Partners Operator Good day, and welcome everyone to the Lockheed Martin Third Quarter 2024 Earnings Results Conference Call.
Lockheed Martin (LMT) shares tumbled Tuesday as the defense contractor missed revenue estimates on a drop in aerospace sales.
Although the revenue and EPS for Lockheed (LMT) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Weak revenue growth mars an otherwise solid quarter.
LMT's third-quarter 2024 net sales were $17.10 billion, which missed the Zacks Consensus Estimate by 1%. The top line, however, increased 1.3% from the prior-year level.
Lockheed Martin (LMT) came out with quarterly earnings of $6.84 per share, beating the Zacks Consensus Estimate of $6.47 per share. This compares to earnings of $6.77 per share a year ago.