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Company Update: Lockheed Martin Corporation (NYSE:LMT) – John Rood Appointed Senior Vice President Lockheed Martin International

[PR Newswire] – BETHESDA, Md., Feb. 29, 2016 /PRNewswire/ — Lockheed Martin Corporation (LMT) today announced that John Rood has been appointed senior vice president, Lockheed Martin International, and has been elected a corporate officer. Rood succeeds Pat Dewar, who has been appointed to senior vice president, International Strategic Initiatives, and will retire in August 2016. In his new position, Rood will lead the organization responsible for facilitating all international customer engagements and government relations. Read more on this. Lockheed Martin Corporation (LMT) , valued at $65.61B, finished yesterday at $217.24. Shares have traded today between $216.16 and $217.44 per share with a one year range of $181.91 to $227.91. Lockheed Martin (LMT) shares are currently priced at 18.41x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 40.95x earnings multiple for the same period. And for passive income investors, the company pays shareholders $6.60 per share annually in dividends, yielding 3.04%. 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. 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. When considering if the stock is under or overvalued, the average price target is $235.57, which is 8.44% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Receives $528 Million THAAD Missile-Defense Contract Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin IT Business Achieves CMMI® Level 5 Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin’s Space Fence Program Completes Critical Design Review
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