Economy

Lockheed Martin Corporation (NASDAQ:LMT) To Report Earnings

Lockheed Martin Corporation (NASDAQ:LMT) To Report Earnings”

Lockheed Martin Corporation has had 4 insider trades in the last 3 months, including 0 open market buys and 4 sells. It is positive, as 37 investors sold LMT shares while 393 reduced holdings. 1,238,958 shares of the company were exchanged. Interocean Capital Limited Com holds 2,316 shares.

Farr Miller & Washington Limited Dc holds 0.03% of its portfolio in Lockheed Martin Corporation (NYSE:LMT) for 1,058 shares.

Roosevelt Investment Group Inc decreased Lockheed Martin Corp (LMT) stake by 6.56% reported in 2017Q2 SEC filing. Lockheed Martin Corporation (NYSE:LMT) shares have been recently spotted -0.29% away from the 52-week high, and 40.60% away from the 52-week low mark. Confluence Wealth Management Ltd reported 1,296 shares. Massachusetts-based Wellington Mgmt Gp Ltd Liability Partnership has invested 0.62% in Lockheed Martin Corporation (NYSE:LMT). 85,434 were reported by Atwood And Palmer. California State Teachers Retirement holds 0.02% or 662,753 shares in its portfolio. Americafirst Capital Management LLC purchased a new position in shares of Lockheed Martin Corp. during the second quarter valued at approximately $103,000. The stock's current RSI reading is at 69.19. Next Fin Group Inc Inc reported 177 shares. Farmers And Merchants Investments Inc reported 0.05% of its portfolio in Lockheed Martin Corporation (NYSE:LMT). 28,507 were accumulated by Howe And Rusling.

In terms of earnings per share, 19 analysts have a 3.57 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 8 analysts have a 3.15 EPS mean target and for the quarter ending Mar-18 there are 22 estimates of 12.65 EPS. LMT's profit will be $938.86 million for 24.54 P/E if the $3.27 EPS becomes a reality.

Analysts await Calpine Corporation (NYSE:CPN) to report earnings on October, 27. It has underperformed by 2.51% the S&P500.

Heading into the earnings release, covering analysts have a consensus target price of $318.58 on Lockheed Martin Corporation shares. Therefore 60% are positive. Finally, Vetr upgraded Lockheed Martin Corporation from a "hold" rating to a "buy" rating and set a $326.32 price target for the company in a research note on Tuesday, September 12th. The firm has "Neutral" rating by Goldman Sachs given on Monday, July 10. The firm has "Buy" rating by BMO Capital Markets given on Monday, May 1. Jefferies maintained it with "Hold" rating and $24000 target in Thursday, July 13 report. The company was maintained on Friday, August 25 by RBC Capital Markets. The ex-dividend date is Wednesday the 30th of August 2017. In addition, Lockheed said it would raise its quarterly dividend rate by 10 per cent to US$2.00 per share.

COPYRIGHT VIOLATION WARNING: "Brokerages Set Lockheed Martin Corporation (LMT) Target Price at $311.86" was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. In the past year there have been a total of 35 insider trades, including 9 open market buys and 26 sells. The Company's geographical divisions include Europe and North America. The Company is involved in the research, design, development, manufacture, integration and sustainment of technology systems, products and services.

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