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Stock Update (NYSE:LMT): First Lockheed Martin LM-100J Reaches Production Milestones

[PR Newswire] – MARIETTA, Ga., April 18, 2016 /PRNewswire/ — The first Lockheed Martin (NYSE: LMT) LM-100J commercial freighter aircraft has reached major production assembly milestones at Aeronautics sites located here; … Read more on this. Lockheed Martin Corporation (LMT) , valued at $69.41B, opened at $225.65. Looking at the stock, its one day range is $225.30 to $227.63 with a one year range of $181.91 to $228.00. LMT shares are currently priced at 19.15x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 5.42x earnings multiple. The company pays shareholders $6.60 per share annually in dividends, yielding 2.92%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $2.60 per share, which would be $0.14 worse than the year-ago quarter and a $0.17 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $11.79 would be a $0.95 better 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 $11.36 Billion. If realized, that would be a 12.36% 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. The average price target for LMT shares by the analysts covering the stock is $237.69, which is 5.34% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin to Accelerate Veterans Disability Claims Processing Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Romania Increases Inventory of Lockheed Martin Radars Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Receives $528 Million THAAD Missile-Defense Contract
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