Market Update: Lockheed Martin Corporation (NYSE:LMT) – QTC, a Lockheed Martin Company, Sponsors the 2016 National Veterans Wheelchair Games
June 27, 2016 at 10:03 AM EDT
[PR Newswire] – DIAMOND BAR, Calif., June 27, 2016 /PRNewswire/ — QTC Medical Services, Inc. (QTC), a wholly owned subsidiary of Lockheed Martin (NYSE: LMT), is a proud sponsor of the 36th Annual National Veterans Wheelchair … Read more on this. Lockheed Martin Corporation (LMT) , currently valued at $72.63B, opened this morning at $238.78. Looking at the stock, its one day range is $236.10 to $239.96 with a trailing 52-week range being $181.91 to $245.37. Lockheed Martin (LMT) shares are currently priced at 20.23x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 26.10x earnings multiple for the same period. And for income investors, the company pays shareholders $6.60 per share annually in dividends, yielding 2.75%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $2.92 per share, which would be $0.02 worse than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $11.85, which would be a $1.01 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $12.57 Billion. If reported, that would be a 7.99% increase over the year-ago quarter. More recently, Berenberg downgraded LMT from Buy to Hold (May 31, 2016). Previously, RBC Capital Mkts downgraded LMT from Outperform to Sector Perform. The average price target for LMT shares by the analysts covering the stock is $243.47, which is 1.96% 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
