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Company Update: Lockheed Martin Corporation (NYSE:LMT) – Pentagon expects to reach $15 bln F-35 deal with Lockheed in March

[Reuters] – The Pentagon on Wednesday said it expects to reach agreement with Lockheed Martin Corp in March on contracts for the next two batches of F-35 fighter jets, orders worth about a combined $15 billion that … Read more on this. Lockheed Martin Corporation (LMT) , with a current value of $64.83B, opened this morning at $216.01. During today’s session, LMT traded between $213.62 to $217.44 with a one year range of $181.91 to $227.91. LMT shares are currently priced at 18.18x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 42.10x earnings multiple. The company pays shareholders $6.60 per share annually in dividends, yielding 3.11%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $2.59 per share, which 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 improvement 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. In terms of ratings, Guggenheim Initiated LMT at Buy (Jan 20, 2016). Previously, RBC Capital Mkts upgraded LMT from Sector Perform to Outperform. When considering if perhaps the stock is under or overvalued, the average price target is $234.87, which is 8.73% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Pentagon to spend $56.3 bln for 404 Lockheed F-35 jets over 5 years Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin wins $784 mln U.S. long-range radar deal-Pentagon Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed wins deal worth up to $428 mln for U.S. Navy combat systems
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