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Stock Market & Financial Investment News

News Breaks
January 23, 2013
13:00 EDTLMTEarnings Preview: Lockheed Martin shares near three-year high ahead of Q4 report
Lockheed Martin (LMT) is expected to report Q4 earnings on Thursday, January 24 before the market open with a conference call scheduled for 3:00 pm ET. Lockheed Martin is a globally diversified security and aerospace company... EXPECTATIONS: Analysts are looking for EPS of $1.82 on revenue of $11.16B, according to First Call. The consensus range for EPS is $1.73-$2.00 on revenue of $10.58B-$11.55B... LAST QUARTER: Lockheed Martin reported Q3 EPS of $2.21 against estimates for $1.85 on revenue of $11.87B against estimates for $11.17B. On its Q3 earnings report, the company raised its 2012 EPS and revenue views. FY12 EPS guidance was raised to $8.20-$8.40 from $7.90-$8.10, consensus $8.10. FY12 revenue was upped to $45.5B-$46.5B from $45B-$46B, consensus $45.68B. Lockheed also expected FY13 revenue to decline in the low single digit range. On November 9, the company announced a CEO transition with the appointment of Marilyn Newson as CEO and COO, replacing Christopher E. Kubasik who resigned after an ethics investigation... STREET RESEARCH: Street research has been positive in the weeks leading up to Lockheed's Q4 earnings report. On November 26, Bernstein upgraded the company to Outperform from Market Perform based on an improving outlook for the F-35 and growing international demand. They raised their price target to $111 from $105. On November 30, CRT Capital upgraded Lockheed to Fair Value from Sell, saying the company’s dividend yield would provide a floor for the shares in the near term... PRICE ACTION: Lockheed shares have traded in a choppy pattern following the company's Q3 report, but have recently advanced and currently sit near 52-week and three-year highs of $95.92. In early afternoon trading ahead of tomorrow's Q4 report, Lockheed’s shares are up slightly to $95.76.
News For LMT From The Last 14 Days
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October 15, 2014
10:01 EDTLMTNorthrop Grumman awarded contract from Lockheed
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09:14 EDTLMTLockheed Martin awarded $124.6M THAAD contract
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09:02 EDTLMTLockheed Martin working on new compact fusion reactor
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October 14, 2014
17:17 EDTLMTLockheed Martin awarded $595.48M government contract modification
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07:11 EDTLMTAssociation of the U.S. Army to hold annual meeting
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October 13, 2014
10:58 EDTLMTLockheed Martin receives $90.6M foreign military sale contract from U.S. Army
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October 9, 2014
13:56 EDTLMTObama calls on Congress to lift defense spending cuts, Politico says
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October 8, 2014
08:07 EDTLMTExelis awarded follow-on contract for Lockheed Martin's JASSM
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October 7, 2014
11:01 EDTLMTLockheed Martin signs exclusive agreement with European Aviation
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