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Market Update: Lockheed Martin Corporation (NYSE:LMT) – Air Wisconsin Awards Exclusive Contract to Lockheed Martin Commercial Engine Solutions as Engine MRO Provider for CRJ200 Fleet

[PR Newswire] – MONTREAL, June 7, 2016 /PRNewswire/ — Air Wisconsin Airlines Corporation has awarded Lockheed Martin (NYSE: LMT) Commercial Engine Solutions (LMCES) a five-year, exclusive contract to perform engine maintenance, … Read more on this. Lockheed Martin Corporation (LMT) , with a current value of $72.89B, started trading this morning at $238.52. Today’s price range has been between $238.52 and $240.37 per share and has traded between $181.91 and $245.37 over the past year. LMT shares are currently priced at 20.22x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 25.94x earnings multiple for the same period. The company pays shareholders $6.60 per share annually in dividends, yielding 2.76%. 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. More recently, Berenberg downgraded LMT from Buy to Hold (May 31, 2016). Previously, RBC Capital Mkts downgraded LMT from Outperform to Sector Perform. Investors should keep in mind is that the average price target is $243.69, which is 2.17% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin, Raytheon units win $649.7 mln U.S. defense contract -Pentagon Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Receives $528 Million THAAD Missile-Defense Contract Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed wins more than $1 billion contract for C-130J aircraft
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