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Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin, Arabsat and KACST Achieve Significant Milestone on Arabsat 6A and Hellas-Sat-4/SaudiGeoSat-1 Satellite Production

[PR Newswire] – DENVER, May 31, 2016 /PRNewswire/ — Lockheed Martin (NYSE: LMT), Arab Satellite Communications Organization and King Abdulaziz City for Science and Technology (KACST) have successfully completed a comprehensive … Read more on this. Lockheed Martin Corporation (LMT) , valued at $72.48B, opened at $239.74. During the trading session, LMT traded between $238.02 to $240.60 with a trailing 52-week range being $181.91 to $245.37. Priced at 20.28x this year’s forecasted earnings, LMT shares are relatively inexpensive compared to the industry’s 24.92x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $6.60 per share annually in dividends, yielding 2.75%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $2.92 per share, which would be $0.02 worse than the year-ago quarter and a $0.01 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $11.84, which would be a $1.00 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $12.58 Billion. If reported, that would be a 8.08% increase over the year-ago quarter. Recently, RBC Capital Mkts downgraded LMT from Outperform to Sector Perform (May 19, 2016). Previously, Stifel downgraded LMT from Buy to Hold. The average price target for LMT shares by the analysts covering it is $243.06, which is 1.38% above where the stock opened. See more in (NYSE:LMT) Similar Articles: Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Announces First Quarter 2016 Stock Update (NYSE:LMT): First Lockheed Martin LM-100J Reaches Production Milestones Company Update: Lockheed Martin Corporation (NYSE:LMT) – HIMARS Achieves One Million Operational Hours Milestone
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