Lockheed Martin's Greatest Upside Potential Is In Space: Analyst Sees Dividend Hikes, Buyback Top Ups
Lockheed Martin's Greatest Upside Potential Is In Space: Analyst Sees Dividend Hikes, Buyback Top Ups
The analyst forecasts third-quarter EPS of $6.70, approximately 4% above the Street's estimate of $6.47.Deutsche Bank analyst Scott Deuschle maintains Lockheed Martin Corporation (NYSE:LMT) with a Buy, raising the price forecast from $600 to $620.
德意志銀行分析師Scott Deuschle表示，維持洛克希德馬丁公司（紐交所：LMT）的買入評級，將價格預測從600美元上調至620美元。
The analyst suggests that Lockheed Martin likely prefunds its pension in the fourth quarter, although the company may delay a formal announcement until after it's completed.
分析師建議，洛克希德馬丁可能在第四季度預先爲養老金提供資金，儘管公司可能會推遲正式公告，直到完成之後。
Deuschle adds that the associated debt issuance for this funding is expected to occur sooner.
Deuschle補充稱，用於這項資金的相關債務發行預計將更快進行。
The analyst forecasts third-quarter EPS of $6.70, approximately 4% above the Street's estimate of $6.47.
分析師預測第三季度每股收益爲6.70美元，大約比街道預期的6.47美元高4%。
Deuschle sees revenue of around $17.4 billion, which is $100 million below the Street's expectation, as the analyst incorporates the $500 million F-35 contract delay impact at Aeronautics, which is not fully reflected in the Street's projections.
Deuschle認爲營業收入約爲174億美元，略低於街道預期的1億美元，因爲分析師考慮到航空公司F-35合同延遲影響5億美元，這在街道的預測中沒有完全體現。
The analyst identifies the greatest upside potential in Space, noting that underlying margins excluding United Launch Alliance (ULA) are expected to decline significantly in the second half.
分析師認爲太空領域存在最大的增長潛力，指出在不包括聯合發射聯盟（ULA）的情況下，基本利潤率預計將在下半年顯著下降。
Also Read: Lockheed Martin's Unit Secures Contract for CH-53K Gearbox Assemblies
還閱讀：洛克希德馬丁單位獲得CH-5.3萬齒輪箱組件合同
This outlook seems conservative, considering that two major contracts—Orion and OPIR—are entering a highly mature phase of their production lifecycle.
考慮到兩項重要合同——Orion和OPIR——正進入其生產生命週期的高度成熟階段，這一展望似乎保守。
The analyst projects a third-quarter revenue beat, which may lead to an upward revision of the full-year revenue guidance, potentially nearing $72 billion.
分析師預計第三季度的營業收入將超過預期，這可能導致全年營業收入指引上調，有可能接近720億美元。
Deuschle also sees a 1%-2% increase to the midpoint of the full-year segment EBIT guidance, especially if EBIT upside is realized in Space during the third quarter, as seen in the first half.
德意志銀行也看到全年業務部門EBIt指引中點有望增加1%-2%，特別是如果太空領域在第三季度實現EBIt增長，就像上半年看到的那樣。
The analyst sees the company offer some indication for 2025 financial trends.
分析師認爲公司將提供一些關於2025年財務趨勢的指示。
Given the firm's conservative track record, the analyst sees the company is likely to project approximately 3% revenue growth and reiterates its target for 10-20 basis points of margin expansion.
鑑於公司保守的歷史記錄，分析師認爲公司可能會預測約3%的營業收入增長，並重申其10-20個點子的利潤率擴張目標。
Deuschle also projects a dividend increase announcement ahead of earnings, and the buyback authorization will likely be topped up.
德意志銀行還預測會在發佈收益報告之前宣佈股息增加，股票回購授權可能會被補充。
Price Action: LMT shares are trading lower by 0.29% to $601.79 at last check Thursday.
股價走勢：洛克希德馬丁的股價在上週四最後一次檢查時下跌了0.29%，報601.79美元。
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圖片來自shutterstock。
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譯文內容由第三人軟體翻譯。