Company Update: Lockheed Martin Corporation (NYSE:LMT) – HIMARS Achieves One Million Operational Hours Milestone

[PR Newswire] – DALLAS, Jan. 12, 2016 /PRNewswire/ — Lockheed Martin’s (NYSE: LMT) High Mobility Artillery Rocket System (HIMARS) recently achieved a significant milestone with U.S. military forces, reaching one million … Read more on this. Lockheed Martin Corporation (LMT) , valued at $66.49B, started trading this morning at $216.03. Shares have traded today between $214.52 and $217.29 per share and has traded between $181.91 and $227.91 over the past 12 months. LMT shares are currently priced at 18.97x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.16x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $6.60 per share annually in dividends, yielding 3.10%. According to a consensus of 18 analysts, the earnings estimate of $2.92 per share would be $0.09 worse than the year-ago quarter and a $0.08 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $11.35 would be a $0.05 setback 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. In terms of ratings, RBC Capital Mkts upgraded LMT from Sector Perform to Outperform (Jan 6, 2016). Previously, Sterne Agee CRT upgraded LMT from Neutral to Buy. When considering if the stock is under or overvalued, the average price target is $230.88, which is 6.87% above where the stock 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 Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Receives $262 Million Contract to Sustain Sensors on Saudi Arabia’s F-15 Fleet Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin IT Business Achieves CMMI® Level 5