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Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Announces Briefing Schedule for the 2016 AFA Air Warfare Symposium

[PR Newswire] – BETHESDA, Md., Feb. 17, 2016 /PRNewswire/ — What: Lockheed Martin (NYSE: LMT) is hosting one briefing at the 2016 AFA Air Warfare symposium to discuss the current status of the F-35 Program. Who: … Read more on this. Lockheed Martin Corporation (LMT) , valued at $64.50B, began trading this morning at $210.00. Looking at the stock , its one day range is $209.10 to $212.97 with its 52-week range being $181.91 to $227.91. Lockheed Martin (LMT) shares are currently priced at 17.71x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 40.18x earnings multiple for the same period. The company pays shareholders $6.60 per share in dividend income per year, for a current yield of 3.20%. According to a consensus of 17 analysts, the earnings estimate of $2.60 per share would be $0.14 worse than the year-ago quarter and a $0.18 sequential decrease. The full-year EPS estimate is $11.80 which would be a $0.96 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.32 Billion. If reported, 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. Investors should keep in mind is that the average price target is $235.20, which is 12.00% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Market Update: Lockheed Martin Corporation (NYSE:LMT) – For Lockheed Martin, cash is no longer king following big transactions 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) – Lockheed Martin Announces Workforce Reductions for IT Services Business
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