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Stock Update (NYSE:LMT): Lockheed Martin Stock Rises Ahead of Earnings (LMT, LDOS)

[at Investopedia] – Lockheed continues to build for the future, suggesting that the stock’s all-time high status is no barrier to future premiums. Read more on this. Lockheed Martin Corporation (LMT) , with a current value of $69.13B, opened this morning at $226.04. Shares have traded today between $225.34 and $226.99 per share and has traded between $181.91 and $228.12 over the past 12 months. LMT shares are currently priced at 19.16x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.21x earnings multiple. And for dividend hunters, the company pays shareholders $6.60 per share annually in dividends, yielding 2.91%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $2.59 per share, which would be $0.15 worse than the year-ago quarter and a $0.19 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $11.80 would be a $0.96 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.34 Billion. If reported, 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. The average price target for LMT shares by the analysts covering the stock is $234.88, which is 3.91% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed government IT unit to lay off close to 200 ahead of Leidos deal Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed government IT unit to layoff close to 200 ahead of Leidos deal Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Announces First Quarter 2016
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