Lockheed Martin Analysts Cut Their Forecasts Following Q3 Earnings

Lockheed Martin Corp LMT reported better-than-expected earnings for its third quarter.

The company posted third-quarter FY23 net sales growth of 1.8% year-over-year to $16.88 billion, above the consensus of $16.73 billion. Adjusted EPS of $6.77 (-1.5% Y/Y) topped the consensus of $6.67.

Lockheed Martin shares gained 1.1% to trade at $445.93 on Wednesday.

These analysts made changes to their price targets on Lockheed Martin following earnings announcement.

  • Citigroup cut the price target on Lockheed Martin from $555 to $540. Citigroup analyst Jason Gursky maintained a Buy rating.
  • JP Morgan lowered the price target on Lockheed Martin from $495 to $481. JP Morgan analyst Seth Seifman maintained a Neutral rating.

Now Read This: Blend Labs And 3 Other Stocks Under $3 Insiders Are Buying

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPrice TargetIntraday UpdateMarketsAnalyst RatingsTrading IdeasPT Changes
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!