Lockheed Martin (NYSE:LMT – Get Free Report) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 30.350-30.750 for the period, compared to the consensus EPS estimate of 30.420. The company issued revenue guidance of $80.0 billion-$82.0 billion, compared to the consensus revenue estimate of $81.0 billion.
Analyst Ratings Changes
Several research firms have issued reports on LMT. Robert W. Baird set a $700.00 price objective on Lockheed Martin in a research report on Friday, July 24th. Morgan Stanley lifted their target price on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lockheed Martin in a research note on Wednesday, September 2nd. Royal Bank Of Canada reissued a “sector perform” rating on shares of Lockheed Martin in a report on Friday. Finally, Citigroup restated a “buy” rating on shares of Lockheed Martin in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $627.38.
View Our Latest Stock Analysis on LMT
Lockheed Martin Trading Up 1.0%
Shares of LMT stock traded up $6.19 during mid-day trading on Friday, hitting $596.10. 126,200 shares of the company’s stock were exchanged, compared to its average volume of 1,442,339. The stock has a market cap of $137.57 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 1.19 and a beta of 0.09. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. Lockheed Martin has a fifty-two week low of $437.25 and a fifty-two week high of $692.00. The stock has a 50-day simple moving average of $538.59 and a two-hundred day simple moving average of $541.86.
Lockheed Martin (NYSE:LMT – Get Free Report) last released its earnings results on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share for the quarter, topping the consensus estimate of $7.52 by $0.45. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%. The firm had revenue of $20.71 billion for the quarter, compared to the consensus estimate of $20.48 billion. During the same period in the prior year, the business posted $6.95 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities analysts expect that Lockheed Martin will post 30.43 EPS for the current fiscal year.
Lockheed Martin Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be given a $3.60 dividend. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.45. This represents a $14.40 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 1st. Lockheed Martin’s dividend payout ratio is 50.87%.
Key Lockheed Martin News
Here are the key news stories impacting Lockheed Martin this week:
- Positive Sentiment: Quarterly results exceeded expectations. Lockheed reported third-quarter earnings of $7.97 per share versus the $7.52 consensus estimate, while revenue rose 11.3% year over year to $20.71 billion, ahead of expectations. Net earnings increased 14% to $1.85 billion. Lockheed Martin Reports Third Quarter 2026 Financial Results
- Positive Sentiment: Management raised its full-year forecast. Lockheed now expects 2026 sales of approximately $80 billion to $82 billion and adjusted earnings of $30.35 to $30.75 per share. Free-cash-flow guidance also increased to roughly $7.8 billion to $8.0 billion. Lockheed lifts annual forecast as missile, jet production ramps up
- Positive Sentiment: Backlog reached a record $292 billion. Growth was driven primarily by a major PAC-3 missile-defense award, while Missiles and Fire Control sales rose 24% as PAC-3, THAAD, GMLRS and Precision Strike Missile production ramped. Defense Giant Lockheed Martin Raises 2026 Outlook, Backlog Hits Record $292 Billion
- Positive Sentiment: A long-term F-35 agreement adds revenue visibility. The Pentagon and Lockheed announced a framework for producing 850 F-35 aircraft over 10 years, with Lockheed committing approximately $7 billion to supporting projects. Pentagon, Lockheed announce agreement for 850 F-35 jets
- Neutral Sentiment: The backlog creates substantial opportunity but also an execution test. Investors must monitor whether suppliers, materials and manufacturing capacity can support the planned production increase and convert orders into revenue and cash.
- Negative Sentiment: F-35 deliveries and cash conversion remain concerns. Lockheed delivered fewer F-35s year over year, while unresolved funding for Lot 20 and beyond could pressure future results. Contract assets also increased, indicating that reported revenue is running ahead of customer billings, and fixed-price programs remain exposed to cost overruns. Lockheed Martin Q3 Sparked Euphoria, But Factory Physics Matters More Than Paper Billions
Lockheed Martin Company Profile
Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.
Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.
Lockheed Martin serves the U.S.
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