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Stock Update (NYSE:LMT): Lockheed Martin Awarded Contract for Pilot Survivability Training with the Naval Air Warfare Center – Weapons Division

[PR Newswire] – FAIRFAX, Va., June 1, 2016 /PRNewswire/ — Lockheed Martin (NYSE: LMT) has been awarded a 5-year, single award indefinite delivery, indefinite quantity (IDIQ) contract with a ceiling value of $424 million … Read more on this. Lockheed Martin Corporation (LMT) , currently valued at $72.20B, began trading this morning at $235.92. Looking at today’s market, LMT one day range is $235.36 to $237.79 with the price of the stock fluctuating between $181.91 to $245.37 over the last 52 weeks. Priced at 19.95x this year’s forecasted earnings, LMT shares are relatively inexpensive compared to the industry’s 24.92x forward p/e ratio. And for dividend hunters, the company pays shareholders $6.60 per share annually in dividends, yielding 2.75%. According to a consensus of 18 analysts, the earnings estimate of $2.92 per share 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 based on a consensus revenue forecast of the current quarter of $12.58 Billion. If realized, that would be a 8.08% increase over the year-ago quarter. In terms of ratings, Berenberg downgraded LMT from Buy to Hold (May 31, 2016). Previously, RBC Capital Mkts downgraded LMT from Outperform to Sector Perform. The average price target for LMT shares by the analysts covering it is $243.69, which is 3.29% above where the stock opened. See more in (NYSE:LMT) Similar Articles: Stock Update (NYSE:LMT): U.S. Navy Awards Lockheed Martin $25 Million Contract for Enhanced Laser Guided Training Rounds Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Announces Briefing Schedule for the 2016 AFA Air Warfare Symposium Market Update (NYSE:LMT): Lockheed Martin Unveils Advanced Pilot Training Solution
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