New User:

-or-
Username:
Password:
Forgot your password?

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
Check below for free stories on LMT the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 15, 2014
13:56 EDTLMTPentagon to cut 17 F-35 Lockheed fighters it planned to buy, Bloomberg says
Subscribe for More Information
10:02 EDTLMTLockheed awarded $10M contract from U.S. Naval Sea Systems Command
Subscribe for More Information
April 14, 2014
07:06 EDTLMTU.S. Geospatial Intelligence Foundation to hold a symposium
GEOINT 2013 Symposium, originally scheduled for October 2013, is being held in Tampa, Florida on April 14-17.
April 9, 2014
16:08 EDTLMTNorthrop Grumman ships payload module two months early
Northrop Grumman (NOC) shipped the fourth Advanced Extremely High Frequency satellite payload module nearly two months early, at Lockheed Martin (LMT) Space Systems, Sunnyvale, Calif., AEHF system prime contractor.Complete payload delivery is expected to finish a full six months early.
07:21 EDTLMTPentagon expects Lockheed, Pratt deal on F-35 lot by May's end, Reuters says
Subscribe for More Information
April 4, 2014
06:40 EDTLMTSpaceX to compete with Boeing-Lockheed JV for satellite launch, WSJ says
Elon Musk's SpaceX is expected to compete with a joint venture between Boeing (BA) and Lockheed Martin (LMT) for a contest to launch a military satellite next year, reports the Wall Street Journal. The Defense Department has also put a study into developing a new rocket engine that could reduce reliance on the Russian engine used on a rocket employed by Boeing-Lockheed JV. Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use