Lockheed Martin Corporation (NYSE:LMT):
Lockheed Martin Reports Third Quarter 2017 Results.
The company is trading up by 0.23%% since yesterday’s close of 320.
The company declared a dividend for shareholders to be paid on Friday the 29th of December 2017. The dividend payment will be $2.000 per share for the quarter or $8.00 annualized. The dividend yield will be $2.52. The ex-dividend date will be on Wednesday August 30th, 2017.
Lockheed Martin Corporation, launched on August 29, 1994, is a security and aerospace company. The Company is involved in the research, design, development, manufacture, integration and sustainment of technology systems, products and services. The Company operates through four segments: Aeronautics; Missiles and Fire Control (MFC); Rotary and Mission Systems (RMS), and Space Systems. The Company also provides a range of management, engineering, technical, scientific, logistics, system integration and cybersecurity services. Its main areas of focus are in defense, space, intelligence and homeland security. The Company serves both the United States and international customers with products and services that have defense, civil and commercial applications, with its principal customers being agencies of the United States Government..
It is currently trading at $320.73 just above the 50 day moving average of $310.67 and which is well above the 200 day moving average of $290.62. The 50 day moving average went up $10.06 or +3.24% whereas the 200 day moving average was up $30.11 or +10.36%.
The P/E ratio is currently 18.61 and the market cap of the company is 92.37B. In the latest earnings report the EPS was $17.24 and is expected to be $12.64 for the current year with 287,990,000 shares now outstanding. Analysts expect next quarter’s EPS will be $3.57 and the next full year EPS is projected to be $14.16.
Investors are feeling more bearish on the company recently if you pay attention to the rise in short interest. The firm had a rise in short interest of 29.94% as of September 29, 2017 from the last reporting period. Short interest grew from 1,696,078 to 2,203,931 over that period. Days to cover increased from 1.0 to 2.0 and the percentage of shorted shares is 0.01% as of September 29.