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Stock Update (NYSE:GD): General Dynamics Awarded $106 Million Advance Procurement Contract for U.S. Navy’s Fifth Expeditionary Mobile Base

[PR Newswire] – SAN DIEGO, June 1, 2016 /PRNewswire/ — General Dynamics NASSCO, a subsidiary of General Dynamics (NYSE: GD), was awarded a $106 million contract by the U.S. Navy to procure long lead time material and … Read more on this. General Dynamics Corporation (GD) , with a current market cap of $43.31B, opened at $141.38. Today’s price range has been between $140.97 and $141.81 per share with its 52-week range being $121.61 to $153.76. General Dynamics (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 for the same period. And for dividend hunters, the company pays shareholders $3.04 per share annually in dividends, yielding 2.12%. 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. The full-year EPS estimate is $9.52, which would be a $0.44 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.87 Billion. If realized, 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. When considering if perhaps the stock is under or overvalued, the average price target is $162.47, which is 14.92% above where the stock opened this morning. See more in (NYSE:GD) Similar Articles: Market Update: General Dynamics Corp (NYSE:GD) – General Dynamics UK Awarded £135 Million Contract to Provide Enhanced Communications to British Armed Forces Market Update: General Dynamics Corp (NYSE:GD) – General Dynamics Awarded $75 Million by Centers for Medicare & Medicaid Services Market Update: General Dynamics Corp (NYSE:GD) – General Dynamics, Rockwell Collins, Harris Corp awarded $12 bln Pentagon contract
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