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Lockheed Martin Corporation Misses Earnings Estimates (LMT)

Before the opening bell on Tuesday morning, Lockheed Martin (LMT ) reported its fourth quarter results, posting strong gains in revenues and earnings compared to last year’s Q4.

LMT's Earnings in Brief

  • Lockheed Martin reported fourth quarter revenues of $12.5 billion, up from last year’s Q4 revenues of $11.5 billion.
  • Net earnings from continuing operations for the quarter came in at $904 million, or $2.82 per share, which is nearly double last year’s results of $488 million, or $1.50 per share.
  • LMT missed analysts’ estimates of $2.85 EPS, but revenues came in above the $11.89 billion expectation.

CEO Commentary

LMT chairman, president and CEO Marillyn Hewson had the following comments: “We delivered outstanding performance in the fourth quarter, which enabled us to end 2014 with sales growth and a backlog of nearly $81 billion, while also returning more than $3.7 billion to our shareholders. Our performance was the result of solid program execution by our team, strong international business growth and a continued focus on the affordability of our products and operations.”

LMT's Dividend

Lockheed Martin paid its most recent quarterly dividend of $1.50 on December 26, 2014. We expect the company to declare its next quarterly dividend in the coming days.

Stock Performance

Lockheed Martin stock was inactive during pre-market trading. YTD, the stock is up 1.61%.

LMT Dividend Snapshot

As of market close on January 26, 2015

BBY dividend yield annual payout payout ratio dividend growth

Click here to see the complete history of LMT dividends.

The Bottom Line

Lockheed Martin (LMT ) is recommended at this time, holding a DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.