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.
德意志银行分析师斯科特·德舒勒坚持买入洛克希德马丁公司（纽交所：LMT），并将价格预测从600美元上调至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.
分析师建议，洛克希德马丁可能在第四季度预先为养老金提供资金，尽管公司可能会延迟正式公告直至完成后。
Deuschle adds that the associated debt issuance for this funding is expected to occur sooner.
德舒勒补充说，为此资金发行的相关债务预计将更早发生。
The analyst forecasts third-quarter EPS of $6.70, approximately 4% above the Street's estimate of $6.47.
分析师预测第三季度每股收益为6.70美元，大约比华尔街预期的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.
德舒勒认为营业收入约为174亿美元，低于华尔街预期的1亿美元，因为分析师在航空部门将5000万美元的F-35合同延迟影响考虑在内，而此影响并未完全反映在华尔街的预测中。
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.
分析师认为太空领域存在最大的上行潜力，指出除联合发射联盟（ULA）外的基本利润率预计会在下半年显著下降。
Also Read: Lockheed Martin's Unit Secures Contract for CH-53K Gearbox Assemblies
另请阅读：洛克希德马丁部门获得CH-5.3万齿轮箱组件合同。
This outlook seems conservative, considering that two major contracts—Orion and OPIR—are entering a highly mature phase of their production lifecycle.
考虑到两个重要合同——猎户座和OPIR——即将进入其生产生命周期的高度成熟阶段，这一前景似乎保守。
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.
分析师预计第三季度营业收入将超过预期，可能导致全年营收指导上调，有望接近720亿美元。
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.
德意志银行还看到全年业务EBIT指导的中点可能增加1%-2%，特别是如果在第三季度太空业务中实现了EBIT上行，就像在上半年看到的那样。
The analyst sees the company offer some indication for 2025 financial trends.
分析师看到公司对2025年财务趋势提供了一些指示。
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.
考虑到该公司保守的历史记录，分析师认为公司可能会预计约3%的营收增长，并重申其10-20个基点边际扩张的目标。
Deuschle also projects a dividend increase announcement ahead of earnings, and the buyback authorization will likely be topped up.
德意志银行还预测将在盈利公布前宣布股息增加，而回购授权可能会被再次增加。
Price Action: LMT shares are trading lower by 0.29% to $601.79 at last check Thursday.
股价走势：洛克希德马丁的股价在周四最后一次检查时下跌了0.29%，至601.79美元。
Photo via Shutterstock
图片来自shutterstock。
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