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.
德意志銀行分析師斯科特·德舒勒堅持買入洛克希德馬丁公司（紐交所：LMT），並將價格預測從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，儘管公司可能會延遲正式公告直至完成後。
Deuschle adds that the associated debt issuance for this funding is expected to occur sooner.
德舒勒補充說，爲此資金髮行的相關債務預計將更早發生。
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，大約比華爾街預期的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.
德舒勒認爲營業收入約爲174億美元，低於華爾街預期的1億美元，因爲分析師在航空部門將5000萬美元的F-35合同延遲影響考慮在內，而此影響並未完全反映在華爾街的預測中。
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.
分析師認爲太空領域存在最大的上行潛力，指出除聯合發射聯盟（ULA）外的基本利潤率預計會在下半年顯著下降。
Also Read: Lockheed Martin's Unit Secures Contract for CH-53K Gearbox Assemblies
另請閱讀：洛克希德馬丁部門獲得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.
考慮到兩個重要合同——獵戶座和OPIR——即將進入其生產生命週期的高度成熟階段，這一前景似乎保守。
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.
分析師預計第三季度營業收入將超過預期，可能導致全年營收指導上調，有望接近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.
德意志銀行還看到全年業務EBIT指導的中點可能增加1%-2%，特別是如果在第三季度太空業務中實現了EBIT上行，就像在上半年看到的那樣。
The analyst sees the company offer some indication for 2025 financial trends.
分析師看到公司對2025年財務趨勢提供了一些指示。
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.
考慮到該公司保守的歷史記錄，分析師認爲公司可能會預計約3%的營收增長，並重申其10-20個點子邊際擴張的目標。
Deuschle also projects a dividend increase announcement ahead of earnings, and the buyback authorization will likely be topped up.
德意志銀行還預測將在盈利公佈前宣佈股息增加，而回購授權可能會被再次增加。
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週四最後一次檢查時下跌了0.29%，至601.79美元。
Photo via Shutterstock
圖片來自shutterstock。
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