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Stock Update (NYSE:LMT): Sikorsky Releases Flight Crew Operating Manual for S-92® and S-76D™ Helicopters

[PR Newswire] – STRATFORD, Conn., Feb. 26, 2016 /PRNewswire/ — Sikorsky announced today that it has released Flight Crew Operating Manuals (FCOM) for the S-92® and S-76D™ helicopters for oil and gas transportation missions to HeliOffshore for peer review. Sikorsky is a Lockheed Martin company (LMT). “Sikorsky’s Flight Crew Operating Manuals are aligned with our commitment to providing safe and efficient aircraft for our customers,” said Dana Fiatarone, Vice President, Sikorsky Commercial Systems and Services. Read more on this. Lockheed Martin Corporation (LMT) , valued at $65.82B, began trading this morning at $219.22. During the trading session, LMT traded between $217.11 to $219.75 with a trailing 52-week range being $181.91 to $227.91. Priced at 18.23x this year’s forecasted earnings, LMT shares are relatively inexpensive compared to the industry ’s 40.95x forward p/e ratio. And for passive income investors, the company pays shareholders $6.60 per share annually in dividends, yielding 3.07%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $2.60 per share, which would be $0.14 worse than the year-ago quarter and a $0.18 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 predicated on a consensus revenue forecast of $11.32 Billion. If reported, 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 the stock is under or overvalued, the average price target is $235.20, which is 7.29% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed’s Sikorsky wins contract for 29 MH-60 helicopters – Pentagon Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed sees no immediate layoffs after Sikorsky merger Company Update: Lockheed Martin Corporation (NYSE:LMT) – Sikorsky takeover will not affect helicopter program -U.S. Army
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