Lockheed Martin Corporation (LMT) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $2.79 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.18. Analysts had a consensus of $2.61. The company posted revenue of $11702.00 million in the period, compared to analysts expectations of $11384.05 million. The company’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.74 EPS.
Many Wall Street Analysts have commented on Lockheed Martin Corporation. Lockheed Martin Corporation was Initiated by Berenberg to “Buy” on Mar 17, 2016. Company shares were Reiterated by Barclays on Feb 16, 2016 to “Underweight”, Firm has raised the Price Target to $ 215 from a previous price target of $210 .
Lockheed Martin Corporation opened for trading at $226.6 and hit $227.865 on the upside on Friday, eventually ending the session at $226.83, with a gain of 0.34% or 0.76 points. The heightened volatility saw the trading volume jump to 10,38,051 shares. Company has a market cap of $69,294 M.
In a different news, on Mar 4, 2016, Sondra L Barbour (Executive Vice President) sold 19,587 shares at $216.80 per share price. According to the SEC, on Feb 23, 2016, Richard H Edwards (Executive Vice President) sold 20,000 shares at $215.70 per share price. On Feb 23, 2016, Richard F Ambrose (Executive Vice President) sold 22,103 shares at $213.53 per share price, according to the Form-4 filing with the securities and exchange commission.
Lockheed Martin Corporation is a global security and aerospace company. The Company is engaged in the research design development manufacture integration and sustainment of advanced technology systems products and services. The Company operates in five segments: Aeronautics Information Systems & Global Solutions (IS&GS) Missiles and Fire Control (MFC) Mission Systems and Training (MST) and Space Systems. The Company provides a range of management engineering technical scientific logistics and information services. The Company’s areas of focus are in defense space intelligence homeland security and information technology including cyber security. It serves both the United States and international customers with products and services that have defense civil and commercial applications.