Lockheed Shares Getting More Attractive, but Investors Shouldn't Fire and Forget Just Yet
Wide-moat Lockheed Martin reported a first-quarter 2018 that featured an EPS beat and a guidance upgrade to an EPS midpoint of $15.95 versus $15.35 previously. Higher sales and operating profits combined with a lower-than-expected tax rate for 2018 (16% now versus 18% previously) drove the guidance increase. We’re planning to move our fair value estimate up by about $6, to $318, due to the time value of money since our last update ($2 of the increase) combined with slightly lower taxes ($2 of th...Lockheed Martin is a security and aerospace company. The company has four segments: Aeronautics, which is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft; Missiles and Fire Control, which provides air and missile defense systems, logistics, fire control systems, and mission operations support; Rotary and Mission Systems, which provides design, manufacture, service and support for military and commercial helicopters, radar systems, and simulation and training services; Space, which researches, designs, develops, engineers and produces satellites, space transportation systems, and strategic, strike, and defensive systems.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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