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Market Update: Lockheed Martin Corporation (NYSE:LMT) – Javelin Scores a perfect 5 for 5 in UK ground vehicle tests

[PR Newswire] – PARIS, June 15, 2016 /PRNewswire/ — The Javelin™ Joint Venture team, a partnership of Raytheon Company (NYSE: RTN) and Lockheed Martin (NYSE: LMT), successfully demonstrated Javelin’s ability to engage … Read more on this. Lockheed Martin Corporation (LMT) , valued at $73.03B, began trading this morning at $240.11. Today’s price range has been between $239.32 and $240.58 per share with a trailing 52-week range being $181.91 to $245.37. Lockheed Martin (LMT) shares are currently priced at 20.23x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 26.79x earnings multiple for the same period. The company pays shareholders $6.60 per share in dividend income per year, for a current yield of 2.74%. According to a consensus of 17 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 $11.85, which would be a $1.01 improvement 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 $12.57 Billion. If realized, that would be a 7.99% 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 $243.07, which is 1.23% above where the stock opened. See more in (NYSE:LMT) Similar Articles: Market Update: Raytheon Co (NYSE:RTN) – Javelin Scores a perfect 5 for 5 in UK ground vehicle tests Market Update: Lockheed Martin Corporation (NYSE:LMT) – Sikorsky Conducts Combat Rescue Helicopter (CRH) Air Vehicle Preliminary Design Review (PDR) Market Update: Lockheed Martin Corporation (NYSE:LMT) – In Space, in the Sky and on Land: Lockheed Martin Innovates to Create a More Sustainable Future
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