Lockheed Martin Corporation (NYSE: LMT) with its strong backlog, rising earnings and sales estimates, robust ROE and high solvency, offers a great investment opportunity in the Zacks Aerospace sector.
The company currently carries a Zacks Rank #2 (Buy). Let's look at the factors that are driving the stock.
LMT's Growth Projections & Surprise History
The Zacks Consensus Estimate for LMT's 2025 earnings per share is pinned at $28.87, which indicates year-over-year growth of 8.9%.
The consensus estimate for 2024 sales is pinned at $71.14 billion, which indicates year-over-year growth of 5.3%.
The company's long-term (three to five years) earnings growth rate is 4.7%.
LMT has a positive earnings surprise history. Its trailing four-quarter earnings surprise is 7.46%, on average.
LMT's Dividend Yield and Share Repurchases
Lockheed Martin has been rewarding its shareholders with dividend payments at regular intervals. Its current dividend yield is 2.08%, better than the industry's yield of 1.54%.
During the first ...
