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Company Update (NYSE:LMT): First F-35A "Adir" for Israel Taking Shape in Fort Worth

[PR Newswire] – FORT WORTH, Texas, Jan. 11, 2016 /PRNewswire/ — Lockheed Martin (NYSE: LMT) and Israeli Ministry of Defense officials commemorated the beginning of the first F-35A “Adir” (meaning “mighty … Read more on this. Lockheed Martin Corporation (LMT) , valued at $66.09B, began trading this morning at $215.07. Looking at today’s market, LMT one day range is $213.23 to $215.98 with its 52-week range being $181.91 to $227.91. LMT shares are currently priced at 18.76x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.16x forward p/e ratio. The company pays shareholders $6.60 per share annually in dividends, yielding 3.04%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $2.92 per share, which would be $0.09 worse than the year-ago quarter and a $0.09 sequential decrease. Investors should also note that the full-year EPS estimate of $11.35 is a $0.05 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $12.33 Billion. If realized, that would be a 1.60% decrease over the year-ago quarter. More recently, RBC Capital Mkts upgraded LMT from Sector Perform to Outperform (Jan 6, 2016). Previously, Sterne Agee CRT upgraded LMT from Neutral to Buy. The average price target for LMT shares by the analysts covering it is $230.88, which is 7.35% above where the stock opened. See more in (NYSE:LMT) Similar Articles: Stock Update (NYSE:LMT): Hard Work and Kind Hearts Shape a Bright Future for Engineers Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Fort Worth ISD Expands STEM Curriculum Through Million Dollar Investment From Lockheed Martin Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed wins deal worth up to $428 mln for U.S. Navy combat systems
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