Breaking News Bar

Business News and Information

Market Update: Lockheed Martin Corporation (NYSE:LMT) – Sikorsky Recognizes Bristow for Outstanding S-92® Helicopter Rescue Accomplishments

[PR Newswire] – LOUISVILLE, Ky., March 2, 2016 /PRNewswire/ — Sikorsky recognized Bristow Helicopters today for its critical role in safely evacuating hundreds of workers with S-92® helicopters from six oil platforms in the North Sea on Dec. 31, 2015. Sikorsky President Dan Schultz presented the recognition to Bristow President and CEO Jonathan Baliff in a ceremony at the 2016 Helicopter Association International Heli-Expo show. Bristow Helicopters Ltd. is an affiliate of Bristow Group Inc. Sikorsky is a Lockheed Martin company (LMT). Read more on this. Lockheed Martin Corporation (LMT) , valued at $65.81B, opened at $218.09. Looking at the stock, its one day range is $215.78 to $218.82 with its 52-week range being $181.91 to $227.91. Priced at 18.41x this year’s forecasted earnings, LMT shares are relatively inexpensive compared to the industry’s 42.78x forward p/e ratio. The company pays shareholders $6.60 per share in dividend income per year, for a current yield of 3.04%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $2.60 per share, which would be $0.14 worse than the year-ago quarter and a $0.18 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $11.80 is a $0.96 improvement 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. Recently, 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 by the analysts covering it is $235.57, which is 8.02% above where the stock opened. See more in (NYSE:LMT) Similar Articles: Company Update: Lockheed Martin Corporation (NYSE:LMT) – Thai Aviation Services Selects Fleet of Sikorsky Helicopters to Support Gulf of Thailand Operations 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
Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
bottom clear