Earnings Per Share (EPS) of $6.84, surpassing estimates and indicating a positive trend.
Revenue of $17.1 billion fell short of estimates but showed a 1.3% year-over-year growth.
Financial metrics reveal a price-to-earnings (P/E) ratio of 20.67 and a debt-to-equity ratio of 3.12, highlighting market valuation and leverage.
Lockheed Martin Corporation, listed on the NYSE as LMT, is a leading aerospace and defense company. It specializes in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. The company competes with other major defense contractors like Boeing and Northrop Grumman.
On October 22, 2024, Lockheed Martin reported earnings per share (EPS) of $6.84, exceeding the estimated $6.50. This performance was highlighted by CNBC’s Morgan Brennan on ‘Squawk Box’. The EPS also surpassed the Zacks Consensus Estimate of $6.47, showing a positive trend compared to last year’s $6.77 per share.
Despite the strong EPS, Lockheed Martin’s revenue of $17.1 billion fell short of the estimated $17.4 billion, missing the Zacks Consensus Estimate by 1%. However, this revenue still marked a 1.3% increase from the same period last year, indicating growth in the company’s sales.
Lockheed Martin’s financial metrics provide further insight into its market valuation. The company has a price-to-earnings (P/E) ratio of approximately 20.67, reflecting how the market values its earnings. Its price-to-sales ratio is about 1.95, and the enterprise value to sales ratio is around 2.19, indicating the market’s valuation of its revenue and sales.
The company’s financial health is also highlighted by its debt-to-equity ratio of approximately 3.12, showing a high level of leverage. The current ratio of around 1.24 suggests Lockheed Martin’s ability to cover short-term liabilities with short-term assets. Additionally, the earnings yield of about 4.84% offers insight into the return on investment for shareholders.