Lockheed Martin Corporation is a global aerospace & defense company based in Bethesda, Maryland. The company's origins date back to 1912, when Glenn L. Martin established the Glenn L. Martin Company in Los Angeles, California. In March 1995, the Lockheed Martin Corporation was formed by the merger of Lockheed Corporation with Martin Marietta, two of America's largest defense contractors at the time.
Lockheed Martin operates in four business segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems and Space. Lockheed Martin (LMT) stock launched on the New York Stock Exchange in 1995 and its share price has since experienced massive growth.
Lockheed Martin Chairman, President and CEO Jim Taiclet in July announced that the company raised its full year sales and earnings per share outlooks for 2023, "Given the strength of our year-to-date results and ongoing demand for our signature programs and advanced technologies."
For Q3 2023, Lockheed Martin expects approximately $27.00–$27.20 per diluted earnings per share on approximately $66,250–$66,750 in net sales. This is up from the $26.60–$26.90 in earnings on $65,000–$66,000 in revenue forecasted in April 2023.
Taiclet also highlighted the company's favorable financial position which would allow it to "reward our shareholders over the long run with reliable free cash flow per share expansion and cash deployment." The company announced on October 6, 2023, a fourth quarter 2023 dividend of $3.15 per share.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, Lockheed Martin Corporation's shares have ranged in value from as little as $390.9827 up to $497.8018. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Lockheed Martin Corporation's is 0.6. This would suggest that Lockheed Martin Corporation's shares are less volatile than average (for this exchange).
Historical closes compared with the last close of $449.41
| 1 week (2023-11-27) | 0.13% |
|---|---|
| 1 month (2023-11-04) | -0.16% |
| 3 months (2023-09-04) | 0.99% |
| 6 months (2023-06-04) | -0.65% |
| 1 year (2022-12-04) | -6.98% |
| 2 years (2021-12-04) | 41.93% |
| 3 years (2020-12-04) | 34.83% |
| 5 years (2018-12-04) | 79.12% |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Lockheed Martin Corporation P/E ratio, PEG ratio and EBITDA
Lockheed Martin Corporation's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 16x. In other words, Lockheed Martin Corporation stocks trade at around 16x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 10, 2023 (20.44). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Lockheed Martin Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.3508. A PEG ratio over 1 can be interpreted as meaning shares are overvalued at the current rate of growth, or may anticipate an acceleration in growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Lockheed Martin Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
Lockheed Martin Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $10.3 billion.
The EBITDA is a measure of a Lockheed Martin Corporation's overall financial performance and is widely used to measure a its profitability.
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