Lockheed Martin (NYSE:LMT) Revenue Profit Outshines Wall Street Forecasts; Stock Hikes – BA, AVAV, GD

Lockheed Martin Corporation (NYSE:LMT) announced a better-than-forecasted 14.8% boost in EPS on Tuesday however warned full-year revenue was likely to come in at the low end of earlier outlook because of United States budget cuts.

Analysts have estimate lower sales and earnings across the sector as United States military spending drops after over a decade of sharp expansion.

The Pentagon’s biggest weapons supplier announced net profit moved up to $761 million or $2.33 a share, from $668 million or $2.03 per share in same period a year ago. Revenue tumbled 2% to $11.1 billion.

Thomson Reuters analysts survey on average forecasted EPS of $2.04 on $10.3 billion of revenue.

The corporation buyback 5.1 million shares for $461 million in fiscal Q1, evaluated against 2.7 million shares for $242 million in previous year.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. The Boeing Company (NYSE:BA) up +1.43% to settle at $88.18, AeroVironment, Inc. (NASDAQ:AVAV) moved up +1.83% to end at $18.40 while General Dynamics Corporation (NYSE:GD) jumped +1.10% to finish at $67.10 on Tuesday.

Lockheed Martin Corporation (NYSE:LMT) last session’s volume of 2.49 million shares was surprisingly higher than its average volume of 1.82 million shares. The stock after opening at $98.25 hit high price of $99.49 and then closed at $97.06 by scoring +1.26%.

The liquidity measure in recent quarter results of the company was recorded 1.14 as current ratio and on the other side the debt to equity ratio was 161.74 and long-term debt to equity ratio remained at 157.90. The Company had total cash of $1.90 billion at hand and a book value per share as $0.12 in the most recent quarter.

The stock’s price volatility was 1.79% for a week and 1.44% for a month as well as price volatility’s Average True Range for 14 days was 1.45 and its beta remained at 0.94.

LMT generated revenue of $47.18 billion in the previous twelve months and earned $2.75 million. The Company showed a positive 5.82% in the net profit margin as well as in its operating margin which remained at 9.26%. Company’s annual sales growth for the past five years was 2.42%.

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