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Stock Update (NYSE:LMT): As Leidos Doubles In Size, CEO Roger Krone Sees A World Of Opportunity In High-End Services

[at Forbes] – Leidos CEO Roger Krone says that when his company completes acquisition of Lockheed Martin’s information systems and global solutions business later this year, the transformed enterprise will be able to pursue opportunities previously beyond its grasp. Read more on this. Lockheed Martin Corporation (LMT) , with a current value of $68.26B, started the session at $222.00. Looking at the stock, its one day range is $221.76 to $223.86 with the price of the stock fluctuating between $181.91 to $227.91 over the last 52 weeks. Priced at 18.72x this year’s forecasted earnings, LMT shares are relatively expensive compared to the industry’s 11.98x forward p/e ratio. The company pays shareholders $6.60 per share annually in dividends, yielding 3.03%. According to a consensus of 17 analysts, the earnings estimate of $2.59 per share 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 $11.79 is a $0.95 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.33 Billion. If reported, that would be a 12.07% increase over the year-ago quarter. More recently, Berenberg Initiated LMT at Buy (Mar 17, 2016). Previously, Guggenheim Initiated LMT at to Buy. The average price target for LMT shares by the analysts covering it is $237.06, which is 6.78% above where the stock opened. See more in (NYSE:LMT) Similar Articles: Market Update (NYSE:LMT): Lockheed IT secures big wins as it preps for Leidos sale Stock Update (NYSE:LMT): Lockheed Martin separating unit, combining it with Leidos Company Update (NYSE:LMT): Exclusive – Leidos nears $5 billion deal for Lockheed’s IT businesses – sources
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