Breaking News Bar

Business News and Information

Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Pentagon to spend $56.3 bln for 404 Lockheed F-35 jets over 5 years

[Reuters] – The U.S. Defense Department said on Tuesday it expects to spend $56.3 billion to buy 404 F-35 fighter jets built by Lockheed Martin Corp over the next five years. The funding includes engines that will … Read more on this. Lockheed Martin Corporation (LMT) , with a current market cap of $65.62B, began trading this morning at $213.12. Today’s price range has been between $212.24 and $217.33 per share and has traded between $181.91 and $227.91 over the past year. Lockheed Martin (LMT) shares are currently priced at 18.18x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 42.68x earnings multiple for the same period. And for passive income investors, the company pays shareholders $6.60 per share annually in dividends, yielding 3.11%. According to a consensus of 17 analysts, the earnings estimate of $2.59 per share would be $0.15 worse than the year-ago quarter and a $0.19 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $11.80, which would be a $0.96 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $11.32 Billion. If realized, that would be a 11.97% increase over the year-ago quarter. Recently, Guggenheim Initiated LMT at Buy (Jan 20, 2016). Previously, RBC Capital Mkts upgraded LMT from Sector Perform to Outperform. With the above information in mind, readers should note that the average price target is $234.87, which is 10.21% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Second batch of U.S. F-16 jets arrives in Iraq Market Update: Lockheed Martin Corporation (NYSE:LMT) – F-35 jets headed to UK air shows this summer-Marines Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin wins $784 mln U.S. long-range radar deal-Pentagon
Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
bottom clear