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Stock Update (NYSE:LMT): U.S. Navy Awards Lockheed Martin $25 Million Contract for Enhanced Laser Guided Training Rounds

[PR Newswire] – ARCHBALD, Pa., April 14, 2016 /PRNewswire/ — Lockheed Martin (NYSE: LMT) has received a $25.8 million contract from the U.S. Navy to produce Enhanced Laser Guided Training Rounds (ELGTR) . Under the contract, … Read more on this. Lockheed Martin Corporation (LMT) , currently valued at $69.15B, started trading this morning at $226.79. Looking at today’s trading action, the company’s one day range from $225.72 to $226.79 and has traded between $181.91 and $228.00 over the past year. Lockheed Martin (LMT) shares are currently priced at 19.20x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 5.93x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $6.60 per share annually in dividends, yielding 2.92%. According to a consensus of 18 analysts, the earnings estimate of $2.58 per share would be $0.16 worse than the year-ago quarter and a $0.19 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $11.79, which would be a $0.95 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $11.34 Billion. If realized, that would be a 12.17% increase over the year-ago quarter. More recently, Berenberg Initiated LMT at Buy (Mar 17, 2016). Previously, Guggenheim Initiated LMT at to Buy. Given all the information above, we should disclose to readers that the average price target is $237.69, which is 4.81% above than it opened this morning. See more in (NYSE:LMT) Similar Articles: Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Receives $528 Million THAAD Missile-Defense Contract Stock Update (NYSE:LMT): U.S. Air Force Awards Lockheed Martin Majority Share of Paveway™ II Plus Laser Guided Bomb Contract Company Update: Lockheed Martin Corporation (NYSE:LMT) – U.S. Air Force Awards Lockheed Martin New Contracts for Sensor-Enhanced Sniper Pods and Upgrade Kits
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