Lockheed Martin: Top Dividend Grower In Aerospace And Defense
This article compares financial metrics for five of the largest aerospace and defense companies. I outline why Lockheed Martin is my top choice in the industry, highlighting its dividend, revenue and EPS growth, and profitability. Peers such as Northrop Grumman and L3Harris also show robust fundamentals, but I find Lockheed Martin to be the most attractive long-term investment opportunity, even if it's slightly overvalued.
Lockheed Martin: Robust Sales Growth, Some Upside Ahead
Lockheed Martin saw the biggest single day price increase since last October after the release of its Q2 2024 results yesterday. Strong net sales growth was seen and the EPS also increased. The company upgraded its financial outlook for 2024, and there's potential for actuals to come in even higher. The market multiples, dividends, and share repurchases indicate some upside ahead for LMT.
Lockheed Martin Goes Boom
Lockheed Martin Corporation has shown remarkable performance, outperforming the S&P 500 by 60 points over the past decade. The company's recent 2Q24 earnings report revealed strong revenue growth, an impressive backlog, and progress in the F-35 program. Lockheed Martin's raised guidance, stock buybacks, and commitment to R&D indicate renewed momentum and potential for sustainable long-term gains.
Lockheed Martin Stock Climbs on Boosted Full-Year Guidance
Lockheed Martin (LMT) surpassed analysts' expectations with its second-quarter results Tuesday and raised its full-year outlook, sending shares higher.
Lockheed (LMT) Beats on Q2 Earnings, Ups '24 Sales View
Lockheed (LMT) reports Q2 sales of $18.12 billion, which surpasses the Zacks Consensus Estimate by 6% and increases 8.6% year over year.
Lockheed Martin Corporation (LMT) Q2 2024 Earnings Call Transcript
Lockheed Martin Corporation (NYSE:LMT ) Q2 2024 Earnings Conference Call July 23, 2024 11:00 AM ET Company Participants Maria Ricciardone - Vice President, Treasurer & Investor Relations Jim Taiclet - Chairman, President & Chief Executive Officer Jay Malave - Chief Financial Officer Conference Call Participants Kristine Liwag - Morgan Stanley Cai von Rumohr - TD Cowen Scott Deuschle - Deutsche Bank Gavin Parsons - UBS Pete Skibitski - Alembic Global Seth Seifman - JPMorgan Sheila Kahyaoglu - Jefferies Ken Herbert - RBC Capital Markets Rob Spingarn - Melius Research Noah Poponak - Goldman Sachs Peter Arment - Baird Jason Gursky - Citi Research Operator Good day, and welcome, everyone, to the Lockheed Martin Second Quarter 2024 Earnings Conference Call. Today's call is being recorded.
Lockheed (LMT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Lockheed (LMT) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Lockheed Martin (LMT) Surpasses Q2 Earnings and Revenue Estimates
Lockheed Martin (LMT) came out with quarterly earnings of $7.11 per share, beating the Zacks Consensus Estimate of $6.45 per share. This compares to earnings of $6.73 per share a year ago.
Lockheed Martin surpasses Q2 earnings estimates amid high demand for defense solutions
Lockheed Martin Corp (NYSE: LMT) has surged more than 2% in premarket trading on Tuesday after surpassing earnings expectations for its fiscal second quarter. The defense contractor, benefiting from ongoing geopolitical tensions including the Ukraine conflict, reported robust financial performance that exceeded Wall Street's forecasts.
Lockheed Earnings Smash Expectations. What Drove the Results.
The defense contractor's second-quarter report smashed Wall Street forecasts. It also lifted earnings and revenue guidance.
Lockheed Martin profit dips but beats analysts' estimate
Aerospace giant's stock rises in premarket trades
Lockheed Martin lifts 2024 sales target on fighter jet, missile demand
U.S. defense company Lockheed Martin raised its annual sales target for the first time this year on Tuesday, following the unexpected resumption of deliveries of its F-35 aircraft after Pentagon began accepting the jets last week.
