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Company Update (NYSE:GD): U.S. Navy Extends General Dynamics’ Fire Control Systems Work for U.S. and U.K. SSBN Submarines

[PR Newswire] – PITTSFIELD, Mass., Feb. 2, 2016 /PRNewswire/ — The U.S. Navy recently awarded a follow-on, omnibus contract to General Dynamics Mission Systems that continues a broad scope of work for fire control systems … Read more on this. General Dynamics Corporation (GD) , valued at $41.79B, began trading this morning at $132.68. Looking at today’s market, GD one day range is $131.99 to $133.94 and has traded between $121.61 and $153.76 over the past year. General Dynamics (GD) shares are currently priced at 14.15x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 42.68x earnings multiple for the same period. The company pays shareholders $2.76 per share annually in dividends, yielding 2.06%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $2.19 per share, which would be $0.05 better than the year-ago quarter and a $0.05 sequential decrease. Investors should also note that the full-year EPS estimate of $9.44 is a $0.36 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.74 Billion. If reported, that would be a 0.51% decrease over the year-ago quarter. More recently, Drexel Hamilton upgraded GD from Hold to Buy (Dec 21, 2015). Previously, Argus upgraded GD from Hold to Buy. The average price target for GD shares by the analysts covering it is $159.69, which is 20.36% above where the stock opened. See more in (NYSE:GD) Similar Articles: Company Update: General Dynamics Corp (NYSE:GD) – General Dynamics Wins Contract to Provide Communications Services to USAFCENT in Southwest and Central Asia Market Update: General Dynamics Corp (NYSE:GD) – U.S. Navy Awards General Dynamics $322 Million for Nuclear-Submarine Support Work Company Update (NYSE:GD): New U.S. Navy Submarines and Surface Ships to have Advanced DMR Radios built by General Dynamics
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