Breaking News Bar

Business News and Information

Stock Update (NYSE:GD): General Dynamics NASSCO Hosts Keel Laying Ceremony for Jones Act Tanker Liberty

[PR Newswire] – SAN DIEGO, May 27, 2016 /PRNewswire/ — On Thursday, May 26, General Dynamics NASSCO hosted a keel laying ceremony for the Liberty, one of three ECO Class tankers under the same construction contract with … Read more on this. General Dynamics Corporation (GD) , valued at $43.75B, started the session at $142.80. Shares have traded today between $142.79 and $143.43 per share and has traded between $121.61 and $153.76 over the past 12 months. GD shares are currently priced at 15.00x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 24.92x earnings multiple. And for dividend hunters, the company pays shareholders $3.04 per share annually in dividends, yielding 2.13%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $2.32 per share, which would be $0.05 better than the year-ago quarter and a $0.03 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $9.52 would be a $0.44 better 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. Recently, Guggenheim Initiated GD at Buy (Apr 5, 2016). Previously, Deutsche Bank downgraded GD from Buy to Hold. When considering if the stock is under or overvalued, the average price target is $162.47, which is 13.77% above where the stock opened this morning. See more in (NYSE:GD) Similar Articles: Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics NASSCO Christens Second ECO Class Product Carrier for American Petroleum Tankers Market Update (NYSE:GD): General Dynamics NASSCO Awarded $157 Million for USS Essex Phased Maintenance Availability Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics NASSCO Successfully Completes LNG Bunkering for the Perla Del Caribe
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