Lockheed Martin (LMT) Tops Q3 EPS by 34c, Offers Guidance
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October 24, 2024 6:24 AM EDT
Jefferies analyst Sheila Kahyaoglu reiterated a Hold rating and $590.00 price target on Lockheed Martin (NYSE: LMT)
The analyst comments "LMT reported Q3:24 EPS of $6.80 (est/cons of $6.50). Revs rose 1% y-o-y and were 1% below our ests. Segment ops beat our est by $0.12 due to MFC (+$0.21) offset by Aero (-$0.04) and Space (-$0.05); $0.18 was BTL. LMT raised 2024 rev guidance by 0.4% to $71.25BB from $70.5-71.5BB... More
October 23, 2024 7:01 AM EDT
Susquehanna analyst Charles Minervino lowered the price target on Lockheed Martin (NYSE: LMT) to $695.00 (from $705.00) while maintaining a Positive rating.
The analyst comments "We have updated our LMT model following the 3Q24 earnings results. We maintain our Positive rating and lower our price target to $695... More
October 23, 2024 6:54 AM EDT
RBC Capital analyst Ken Herbert lowered the price target on Lockheed Martin (NYSE: LMT) to $665.00 (from $675.00) while maintaining a Outperform rating.
The analyst comments "Lockheed Martin (LMT) reported 3Q24 adj. EPS of $6.84, higher than our estimate of $6.33 and consensus of $6.50. Total revenue in... More
October 23, 2024 6:12 AM EDT
Goldman Sachs analyst Noah Poponak reiterated a Sell rating and $434.00 price target on Lockheed Martin (NYSE: LMT).
The analyst comments "LMT 3Q24 results were relatively in-line, and the company makes high-quality and technology-rich products that are important to national security. However, we... More
October 23, 2024 5:51 AM EDT
Deutsche Bank analyst Scott Deuschle lowered the price target on Lockheed Martin (NYSE: LMT) to $611.00 (from $620.00) while maintaining a Buy rating.
The analyst comments "Lockheed Martin reported 3Q24 results with revenue ~2% BELOW, albeit with segment EBIT / EPS 2% / 5% ABOVE, respectively. FCF was WELL... More
