Forbes Media, LLC Investor's Business Daily, Inc. ![]() Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. In the same time frame, the fiscal 2023 earnings estimate for Transdigm Group has moved up 7.6%. The Zacks Consensus Estimate for 2023 earnings per share of CurtissWright and VirTra has moved up 0.7% and 9.6%, respectively, in the past 90 days. The average earnings surprise in the last two reporting quarters from CW, TDG and VTSI were 2.6%, 7.9% and 386.5%, respectively. Other top-ranked stocks in the same sector include CurtissWright ( CW Quick Quote CW - Free Report), Transdigm Group ( TDG Quick Quote TDG - Free Report) and VirTra ( VTSI Quick Quote VTSI - Free Report), each currently holding a Zacks Rank #2. Image Source: Zacks Investment Research Other Stocks to Consider Over the past six months, the stock has gained 3.7% against the industry’s decline of 4.6%. Lockheed’s ROE is currently pegged at 67.8%, better than the industry’s average of 17.3%, which indicates that the company is utilizing its funds more efficiently than its peers. ROE is a measure of a company’s financial performance and shows how it is utilizing its funds. The company has also been witnessing strong interest from its international customers in Patriot Advanced Capability-3 (PAC-3) missiles and the Terminal High Altitude Area Defense (THAAD) system, with 14 nations choosing PAC-3 Cost Reduction Initiative (CRI) and PAC-3 Missile Segment Enhancement (MSE) to enhance their missile defense capabilities.Īlso, the company continues to witness international interest in the Aegis Ballistic Missile Defense System (Aegis) from international customers, such as Japan, Spain, the Republic of Korea and Australia. In the first quarter, 26% of the total net sales were from international customers. Lockheed Martin’s products are also well-acclaimed in the international market. Our model projects LMT’s backlog to increase further in the 2023-2025 period, courtesy of consistent order wins from the United States government and other international customers. Lockheed’s total backlog came in at a solid $145.09 billion as of Mar 26, 2023. Further, Lockheed inked a $179 million contract to support the F-35 Jet Program. The company also won a $1.95 billion deal for the foreign military sale of 40 UH-60Ms for the Australian Army. Lockheed Martin was successful in clinching several notable deals in the first quarter of 2023, including a $1.1 billion contract to integrate the Conventional Prompt Strike weapon system into ZUMWALT-class guided missile destroyers. The company’s long-term (three- to five-year) earnings growth is projected at 6.2%. Its dividend yield is currently pegged at 2.61%, higher than the Zacks S&P 500 Composite’s average of 1.66%. Lockheed’s trailing four-quarter earnings surprise is 7.5%, on average. Surprise History, Dividend Yield and Earnings Growth The Zacks Consensus Estimate for second-quarter 2023 earnings per share and revenues is pegged at $6.43 and $15.86 billion, respectively, suggesting an increase of 223.1% and 2.7%, respectively, from the year-ago reported figures. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Let’s focus on the factors that make this Zacks Rank #2 (Buy) stock a strong investment pick at the moment. government and international customers, as well as its F-35 program, contribute to its strong performance. ![]() ![]() Lockheed Martin’s ( LMT Quick Quote LMT - Free Report) wide market reach, consistent orders from the U.S.
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