Lockheed Martin Reports Second Quarter 2024 Financial Results

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Lockheed Martin (LMT) PT Raised to $500 at RBC Capital

July 24, 2024 6:24 AM EDT

RBC Capital analyst Ken Herbert raised the price target on Lockheed Martin (NYSE: LMT) to $500.00 (from $470.00) while maintaining a Sector Perform rating.

The analyst comments "Lockheed Martin (LMT) reported 2Q24 results ahead of consensus estimates with EPS of $7.11 beating by 10%.... More

Lockheed Martin (LMT) PT Raised to $540 at Deutsche Bank

July 24, 2024 6:17 AM EDT

Deutsche Bank analyst Scott Deuschle raised the price target on Lockheed Martin (NYSE: LMT) to $540.00 (from $487.00) while maintaining a Hold rating.

The analyst comments "To be clear, we're not looking to overdo our enthusiasmafter all, part of 2Q margin beat was driven off... More

TD Cowen Upgrades Lockheed Martin (LMT) to Buy

July 24, 2024 5:33 AM EDT

TD Cowen analyst Cai von Rumohr upgraded Lockheed Martin (NYSE: LMT) from Hold to Buy with a price target of $560.00 (from $480.00).

The analyst comments "Strong Q2, F-35 delivery restart, and the #1 FMS/munitions play give LMT enhanced visibility of ~5% sales... More

Lockheed Martin (LMT) Tops Q2 EPS by 66c, Offers Guidance

July 23, 2024 7:31 AM EDT

Lockheed Martin (NYSE: LMT) reported Q2 EPS of $7.11, $0.66 better than the analyst estimate of $6.45. Revenue for the quarter came in at $18.1 billion versus the consensus estimate of $17.03 billion.

GUIDANCE:

Lockheed Martin sees FY2024 EPS of $26.10-$26.60, versus the consensus of... More