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Company Update: General Dynamics Corp (NYSE:GD) – General Dynamics Delivers New Digital Manpack Radios for U.S. Army Testing

[PR Newswire] – SCOTTSDALE, Ariz., May 25, 2016 /PRNewswire/ — General Dynamics Mission Systems delivered 30 new two-channel Manpack networking radios to the U.S. Army for evaluation. The digital radios are the first … Read more on this. General Dynamics Corporation (GD) , with a current value of $43.69B, began trading this morning at $143.45. Looking at today’s market, GD one day range is $142.57 to $143.55 with a trailing 52-week range being $121.61 to $153.76. General Dynamics (GD) shares are currently priced at 15.02x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 24.87x earnings multiple for the same period. The company pays shareholders $3.04 per share in dividend income per year, for a current yield of 2.14%. 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. What we find to be interesting is that the full-year EPS estimate of $9.52 is a $0.44 improvement when compared to the previous year’s annual results. 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. In terms of ratings, Guggenheim Initiated GD at Buy (Apr 5, 2016). Previously, Deutsche Bank downgraded GD from Buy to Hold. With the above information in mind, readers should note that the average price target is $162.47, which is 13.26% above where the stock opened this morning. See more in (NYSE:GD) Similar Articles: Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics DMR Radios Ordered for New U.S. Navy Surface Vessels and Submarines Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics AN/PRC-155 MUOS-Manpack Radio and MUOS Communications Network Connect U.S. Army Soldiers in the Pacific Region Company Update: General Dynamics Corp (NYSE:GD) – General Dynamics’ AN/PRC-155 MUOS-Manpack Radio Successfully Supports Government Testing of MUOS Network
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