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Company Update (NYSE:LMT): Lockheed Martin Reports First Quarter 2016 Results

[PR Newswire] – BETHESDA, Md., April 26, 2016 /PRNewswire/ — Lockheed Martin (NYSE: LMT) today reported first quarter 2016 net sales of $11.7 billion, compared to $10.1 billion in the first quarter of 2015. Net earnings … Read more on this. Lockheed Martin Corporation (LMT) , with a current value of $69.78B, opened this morning at $227.85. Looking at the stock, its one day range is $225.34 to $231.17 with the price of the stock fluctuating between $181.91 to $231.17 over the last 52 weeks. Priced at 19.18x this year’s forecasted earnings, LMT shares are relatively inexpensive compared to the industry’s 22.21x forward p/e ratio. And for passive income investors, 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 $0.01 sequential decrease. The full-year EPS estimate is $11.80 which would be a $0.96 better than last year’s full-year earnings. 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. In terms of ratings, Berenberg Initiated LMT at Buy (Mar 17, 2016). Previously, Guggenheim Initiated LMT at to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $234.88, which is 3.09% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Announces First Quarter 2016 Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin to Accelerate Veterans Disability Claims Processing Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Announces Briefing Schedule for the 2016 AFA Air Warfare Symposium
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