Sneak Preview of Lockheed Martin Corporation (LMT) 2Q20 Earnings

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Lockheed Martin Corporation (NYSE:LMT) is set to announce second quarter earning results on Tuesday 21st July 2020, before market open.

Analysts surveyed by Thomson Reuters are predicting, LMT to report 2Q20 income of $ 5.72 per share.

For the full year, analysts anticipate top line of $ 63447.10 million, while looking forward to income of $ 24.17 per share bottom line.

The Company Outlook

Full Year 2020 topline are forecasted in a range of$ 62,250.00 million ~ $ 64,000.00 million, where as bottomline are predicted in a range of $ 23.65 ~ $ 23.95 per share

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Previous Quarter Performance

Lockheed Martin Corporation unveiled income for the first quarter of $ 6.08 per share, from the revenue of $ 15,651.00 million. The quarterly earnings boosted 1.50 percent while revenues elevated 9.17 percent compared with the same quarter last year.
The consensus estimates are income of $ 5.80 per share from $ 15077.30 million in revenue. The bottom line results beat street analysts by $ 0.28 or 4.83 percent, at the same time, top line results outshined analysts by $ 573.70 million or 3.81 percent.

Historical Earnings Performance
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Stock Performance

According to the previous trading day, closing price of LMT was $ 365.53, representing a 37.36 % increase from the 52 week low of $ 266.11 and a 17.4 % decrease over the 52 week high of $ 442.53.

The company has a market capital of $ 102.51 billion and is part of the Industrials sector and Aerospace & Defense industry.

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Recent Analyst recommendations

On 11th June 2020, maintained by UBS Group at Buy rating, with $ 475.00 target price.

Recent Stock Dividend Announcement

On June 25, 2020, the board of directors authorized 3Q20 dividend of $ 2.40 per share to holders of record as of the close of business on September 1, 2020, with payment date of September 25, 2020 and ex-dividend date on August 31, 2020.

The board of directors has authorized quarterly dividend of $ 2.40 per share on April 22, 2020. The dividend were payable on June 26, 2020 to holders of record as of the close of business on June 1, 2020 and ex-dividend date on May 29, 2020.

Conference Call

Lockheed Martin Corporation will be hosting a conference call at 11:00 AM eastern time on 21st July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lockheedmartin.com

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies.