Lockheed Martin Corp
LMT: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$464.00 | Gzw | Mqkjlkrm |
Lockheed Martin Earnings: A Generally Flat Quarter Emphasizes Cash Flow; Fair Value Estimate $482
Lockheed Martin reported third-quarter results on Oct. 17 reflecting single-digit growth and fairly stable profits across most of its businesses. Management reaffirmed its 2023 expectations and increased its planned share repurchases by $2 billion. We have slightly increased our fair value estimate from $480 to $482 per share due to minor adjustments to our long-term forecasts.