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Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics DMR Radios Ordered for New U.S. Navy Surface Vessels and Submarines

[PR Newswire] – SCOTTSDALE, Ariz., May 19, 2016 /PRNewswire/ — The U.S. Navy awarded a contract modification to General Dynamics Mission Systems to build and deliver more than 30 new AN/USC-61(C) Digital Modular Radios … Read more on this. General Dynamics Corporation (GD) , valued at $43.59B, opened at $143.46. Today, shares have traded between $142.50 and $143.95 per share and has traded between $121.61 and $153.76 over the past 12 months. General Dynamics (GD) shares are currently priced at 15.16x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 5.95x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $3.04 per share annually in dividends, yielding 2.09%. According to a consensus of 19 analysts, the earnings estimate of $2.32 per share would be $0.05 better than the year-ago quarter and a $0.03 sequential increase. The full-year EPS estimate is $9.52 which would be a $0.44 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.87 Billion. If reported, that would be a 0.13% decrease over the year-ago quarter. More recently, Guggenheim Initiated GD at Buy (Apr 5, 2016). Previously, Deutsche Bank downgraded GD from Buy to Hold. The average price target for GD shares by the analysts covering the stock is $162.47, which is 13.25% above where the stock opened this morning. See more in (NYSE:GD) Similar Articles: Market Update: General Dynamics Corp (NYSE:GD) – General Dynamics Appoints Gezen as President of General Dynamics Ordnance and Tactical Systems; Wilson to Retire Market Update: General Dynamics Corp (NYSE:GD) – General Dynamics, Rockwell Collins, Harris Corp awarded $12 bln Pentagon contract Company Update (NYSE:GD): U.S. Navy Extends General Dynamics’ Fire Control Systems Work for U.S. and U.K. SSBN Submarines
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