Lockheed Martin (LMT) Announces Quarterly Earnings Results, Beats Expectations By $0.24 EPS

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Engineering giant Lockheed is in focus ahead of the bell

Prepaying pension obligations through 2021 should provide about a $1 billion benefit under an accounting standard that enables USA defense contractors to recapture some of their pension expense. If the $82.68 price target is reached, the company will be worth $122.78 million more. The last close places the company's stock about $4.77 off its 52 week high of $10.51 and $1.89 above the 52 week low of $3.85. About 3.67 million shares traded or 9.75% up from the average. R.R. Donnelley & Sons Company (NYSE:RRD) has declined 62.95% since January 29, 2017 and is downtrending. It has underperformed by 26.91% the S&P500.

Pittenger & Anderson Inc increased its stake in Lockheed Martin Corp (LMT) by 68.55% based on its latest 2017Q3 regulatory filing with the SEC. The aerospace company reported $4.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.06 by $0.24. The institutional investor held 9,835 shares of the military and government and technical company at the end of 2017Q3, valued at $3.05M, up from 5,835 at the end of the previous reported quarter. Cordasco Financial Network who had been investing in Lockheed Martin Corp for a number of months, seems to be bullish on the $100.35B market cap company. The stock increased 0.88% or $1.1 during the last trading session, reaching $126.32. About 1.92 million shares traded or 86.76% up from the average.

Shares of Lockheed Martin Corporation (NYSE:LMT) have recently risen to a new 52-week high. It has underperformed by 3.95% the S&P500.

Investors sentiment increased to 1.81 in 2017 Q3. The company has a quick ratio of 0.95, a current ratio of 1.32 and a debt-to-equity ratio of 6.56. It also reduced Astrazeneca Plc Sp Adr (NYSE:AZN) stake by 44,250 shares and now owns 15,100 shares. 48 funds opened positions while 104 raised stakes. Bartlett & Co Ltd reported 0.01% in Visa Inc. 8,870 shares valued at $2.73 million were sold by Carvalho Orlando D on Tuesday, August 15. Hanson Mcclain has invested 0.01% in Visa Inc. The Ohio-based Macnealy Hoover Invest Inc has invested 0.39% in American Express Company (NYSE:AXP). (NASDAQ:SIRI). Cambridge Advsrs has 189,165 shares.

The Bethesda, Md. -based company expects to generate about $3 billion in cash from operations this year, followed by $7 billion cash bounties in 2019 and 2020, according to presentation slides posted on its website. Hm Payson & owns 125,303 shares or 0.49% of their USA portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in Deltic Timber Corporation (NYSE:DEL) for 691 shares. Legal And General Grp Public Ltd Liability Corporation reported 0% in Abaxis, Inc. Lockheed reported a $1.9 billion one-time charge related to a reduction in its deferred tax assets, an accounting feature that allows a company to use past losses to offset taxable income in the future. Bancshares Of New York Mellon Corp has 0% invested in Abaxis, Inc. (NASDAQ:SIRI) for 2.46M shares. (NASDAQ:AMGN). Nine Masts Capital Ltd reported 3,252 shares. Cibc Natl Bank Usa owns 16,739 shares. State Common Retirement Fund invested 0.02% in Abaxis, Inc.

For this year, Community Health Systems, Inc. The company has market cap of $969.97 million. It operates in two divisions, Medical Market and Veterinary Market. It has a 128.34 P/E ratio. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Therefore 53% are positive. Abaxis has $72.0 highest and $39 lowest target. Lockheed Martin now has a consensus rating of "Buy" and an average target price of $333.03. As per Thursday, September 28, the company rating was maintained by Robert W. Baird. Bank of America set a $360.00 price objective on Lockheed Martin and gave the stock a buy rating in a research report on Friday, October 27th. The firm earned "Buy" rating on Monday, January 8 by Stifel Nicolaus. The firm has "Hold" rating by Canaccord Genuity given on Monday, August 21. The rating was maintained by Argus Research on Thursday, October 22 with "Buy". Drexel maintained the stock with "Buy" rating in Wednesday, October 21 report. On Monday, November 7 the stock rating was maintained by Wedbush with "Outperform". As per Thursday, November 12, the company rating was maintained by Canaccord Genuity. Stifel Nicolaus downgraded the stock to "Hold" rating in Friday, May 13 report. Putnam Fl Inv Mngmt holds 0.35% of its portfolio in Lockheed Martin Corporation (NYSE:LMT) for 11,838 shares. Therefore 57% are positive.

The following are a few things to know about Lockheed Martin Corporation's fourth quarter earnings report. Wolfe Research upgraded the shares of LMT in report on Wednesday, January 27 to "Outperform" rating. The stock has "Hold" rating by RBC Capital Markets on Tuesday, July 18. Zacks upgraded the stock to "Hold" rating in Tuesday, August 11 report. The rating was maintained by RBC Capital Markets on Monday, July 10 with "Hold". Shelton Management holds 0.07% or 17,171 shares. The stock of Lockheed Martin Corporation (NYSE:LMT) earned "Hold" rating by Deutsche Bank on Wednesday, October 26. 26,736 are held by Signature Fincl Mngmt. RBC Capital Markets has "Sector Perform" rating and $4.25 target.

Investors sentiment decreased to 1 in 2017 Q3. Its up 0.17, from 1.07 in 2017Q2. It increased, as 43 investors sold LMT shares while 356 reduced holdings. 110 funds opened positions while 386 raised stakes. Marvin Palmer holds 0.96% or 21,095 shares. Diversified holds 1,633 shares. Edgar Lomax Va has 1.11% invested in Lockheed Martin Corporation (NYSE:LMT) for 50,775 shares. Principal Financial stated it has 281,782 shares.

Revenues rose 10.1% from a year ago to $15.14 billion, compared with analysts' view for $14.72 billion. Strategy Asset Managers Ltd Com accumulated 45,783 shares. Boys Arnold accumulated 1,273 shares. Moreover, Alliancebernstein Ltd Partnership has 0% invested in Deltic Timber Corporation (NYSE:DEL).

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