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Market Update (NYSE:LMT): Lockheed Martin Unveils Advanced Pilot Training Solution

[PR Newswire] – ARLINGTON, Va., Feb. 11, 2016 /PRNewswire/ — Lockheed Martin (NYSE: LMT) announced today that it will offer the T-50A in the U.S. Air Force’s Advanced Pilot Training (APT) competition. The T-50A was developed … Read more on this. Lockheed Martin Corporation (LMT) , valued at $62.89B, began trading this morning at $211.67. Looking at today’s trading action, the company’s one day range from $203.60 to $212.75 with its 52-week range being $181.91 to $227.91. Priced at 18.18x this year’s forecasted earnings, LMT shares are relatively inexpensive compared to the industry ’s 42.10x forward p/e ratio. 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. Investors should also note that the full-year EPS estimate of $11.80 is a $0.96 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 $11.32 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. The average price target for LMT shares is $234.87, which is 10.96% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin wins $784 mln U.S. long-range radar deal-Pentagon Stock Update: Lockheed Martin Corporation (NYSE:LMT) – The Netherlands Chooses Lockheed Martin’s Sniper® Advanced Targeting Pod for F-16 Fleet Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Selected To Secure All Western Region Airports & Ports
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