Lockheed Martin Corp (LMT) experienced mixed performance despite its Q3 earnings beat. The company's strong backlog and dividend growth were noted during their Q3 2024 earnings call. However, underperformance compared to competitors and disappointing sales growth resulted in fall of its stock on certain days. Initiatives such as boosting its quarterly dividend by nearly 5 percent and the F-35 Program contributing to defense spending drive growth for Lockheed. Mixed reactions from analysts saw the company's stock being both upgraded and downgraded. Higher earnings expectations for Lockheed Martin have resulted in raised price targets by Robert W. Baird and TD Cowen. Despite a lukewarm market response, Lockheed's future appears promising with its annual EPS guidance being raised despite struggling sales. Although the company missed Q3 revenue estimates, its EPS surpassed expectations. Lockheed Martin's purchase of Terran Orbital for $450M indicates its strategic targeting of growth sectors.
Lockheed Martin Corp LMT News Analytics from Tue, 21 May 2024 07:00:00 GMT to Sat, 26 Oct 2024 12:28:43 GMT -
Rating 2
- Innovation 3
- Information 8
- Rumor -4
