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Lockheed Martin Corporation (LMT)

NYSE - NYSE Delayed price. Currency in USD
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378.34-0.14 (-0.04%)
At close: 4:02PM EST
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  • G
    Gerry
    LMT just won "another" $258M satellite communications contract. After a while these wins are going to add up to a boost in the company's revenue growth and stock valuation.
  • G
    Gerry
    Jeff Kilberg of KKM was asked on CNBC what stocks he liked. He likes LMT......says it's going higher. Nice to hear it from someone who is a Wall St veteran.
  • G
    Gerry
    Proposal submitted for 40 F-35s to Switzerland . Nice!!
  • C
    CBug
    Pre holiday pop today?
  • B
    Bear
    Target price $436?
  • G
    Gerry
    If you haven't gone to the LMT website and listened to the webcast of the Baird (virtual) conference you should. I did ......its good news for investors in this company.
  • S
    Steve
    they are taking defense today
  • G
    GPSIIR
    Market is up 540 points, all my other stocks are up, but this one manages to go down on high volume? Maybe profit taking..... go figure.
  • b
    basam
    I have been watching the stock for almost 2 years I don't know why this doesn't go up even though their financial statements look great and they have so many contracts on hand
  • G
    Gerry
    Boris Johnson, UK Prime Minister, just said the era of lower defense spending is over! He want to return the UK to its former military strength given the current threats in the region. This "inforfamation" has not been absorbed buy the market (or this stock) yet.
  • C
    CBug
    Another Friday downdraft?
  • L
    LA
    LMT is a great stock as long as the US budget remains high. I suspect if Biden wins there will be legislation to eventually make defense cuts. Unfortunately, democrats are focused on socialistic ideals at the moment, increase corporate taxes will also hurt LMT. Its unfortunate but the country may end up less safe as the money goes to Green New Deals and getting rid of combustion engines:)
  • G
    Gerry
    That move today at 1:25 pm is due to the White House approving the sale of LMT F-35's to the UAE. Told you that was coming. The $40/share pull back over the past month will be made up quickly.
  • G
    Gerry
    What do you think will happen when China informs the US that Taiwan is part of China and NOT independent.
  • r
    robertl
    Is this down today in sympathy with RTX? Makes no sense. RTX is down because it is in the commercial jet business. LMT is pure defense.
  • S
    Stockguru
    Do we pullback to $160 over the next several weeks?
  • G
    Gerry
    $6.25/EPS.........i nailed it.
    Oct 20 (Reuters) - Lockheed Martin Corp ( LMT
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    ):
    * LOCKHEED MARTIN REPORTS THIRD QUARTER 2020 RESULTS
    * Q3 EARNINGS PER SHARE $6.25 FROM CONTINUING OPERATIONS
    * Q3 SALES $16.5 BILLION VERSUS REFINITIV IBES ESTIMATE OF $16.12 BILLION
    * Q3 EARNINGS PER SHARE ESTIMATE $6.09 -- REFINITIV IBES DATA
    * UPDATES 2020 FINANCIAL OUTLOOK AND PROVIDES 2021 FINANCIAL TRENDS
    * INCREASED QUARTERLY DIVIDEND RATE TO $2.60 PER SHARE
    * QUARTER-END BACKLOG OF $150.4 BILLION
    * SEES FY 2020 EPS FROM CONTINUING OPERATIONS ABOUT $24.45
    * SEES 2020 NET SALES ABOUT $65,250 MILLION
    * EXPECTS ITS 2021 NET SALES TO INCREASE TO GREATER THAN OR EQUAL TO $67 BILLION
    * NET LOSS FROM DISCONTINUED OPERATIONS FOR Q3 & FIRST NINE MONTHS INCLUDES $0.20 PER SHARE NON-CASH CHARGE
    * SEES 2020 CASH FROM OPERATIONS ≥$8,000 MILLION
    * ULTIMATE IMPACT OF COVID-19 IN FUTURE PERIODS REMAINS UNCERTAIN
    * CASH FROM OPERATIONS IS EXPECTED TO BE GREATER THAN OR EQUAL TO $8.1 BILLION IN 2021
    * FY2020 EARNINGS PER SHARE VIEW $24.17, REVENUE VIEW $64.59 BILLION -- REFINITIV IBES DATA
    * FY2021 REVENUE VIEW $68.01 BILLION -- REFINITIV IBES DATA Source text for Eikon: Further company coverage:
  • A
    Anonymous
    9.7% of LMT's revenue is from Asia Pacific Region which include major customers like Japan, S. Korea, Singapore, Taiwan, etc. LMT only has a joint venture with P.R. China on civilian helicopter marketing and services. LMT is not permitted to sell any military gears to China, hence zero revenue or profit from there. If one day China becomes an ally of the US, then one may see weapon sales to China. But by then, there will be no sanction whatsoever on LMT by China. So today's the stock movement of LMT is either an over reaction about China's sanction on LMT or pure ignorance and misunderstanding of LMT's global business.
  • G
    Gerry
    Let's line up the facts (just to make a point). FYI.....I sat thru the CC.
    1. LMT beats on EPS
    2. LMT beats on Revenues
    3. LMT raises full year 2020 guidance
    4. LMT raises dividend 8%
    5. LMT increases stock buyback $1.3B
    6. LMT sees growth in 2021
    7. LMT has highest backlog of orders in their history!! ($150B)
    8. There are some unknowns for 2021 but mostly to the upside.
    9. LMT current dividend yield 2.80%

    Stock goes down 3.00% ($11.50/share).

    These are the kinds of stock dislocations that investors need to look for and recognize. This has nothing to do with who will be in the white house. The stock will move up significantly when the BIG BOYS and their algorithms decide it should. In the meantime ......as a novice investor just buy it and hold it ........and wait until they press the button. GLTA
  • C
    CBug
    All you "Biden dippers" should research defense spending and budget deficits during Dem pres terms, and while you're at it, perhaps civic dynamics.