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Company Update: General Dynamics Corp (NYSE:GD) – General Dynamics Wins Contract to Provide Communications Services to USAFCENT in Southwest and Central Asia

[PR Newswire] – FAIRFAX, Va., Dec. 15, 2015 /PRNewswire/ — General Dynamics Information Technology, a business unit of General Dynamics (NYSE: GD), has been awarded a contract by the Defense Information Systems Agency … Read more on this. General Dynamics Corporation (GD) , valued at $43.88B, began trading this morning at $139.97. During the trading session, GD traded between $138.00 to $140.33 with its 52-week range being $130.91 to $153.76. GD shares are currently priced at 15.47x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 31.63x earnings multiple for the same period. And for passive income investors, the company pays shareholders $2.76 per share annually in dividends, yielding 2.00%. According to a consensus of 18 analysts, the earnings estimate of $2.37 per share would be $0.18 better than the year-ago quarter and a $0.06 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $9.05, which would be a $1.22 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 $8.23 Billion. If realized, that would be a 1.56% decrease over the year-ago quarter. Recently, Drexel Hamilton downgraded GD from Buy to Hold (Jul 30, 2015). Previously, JP Morgan Initiated GD at to Overweight. The average price target for GD shares by the analysts covering it is $167.56, which is 19.71% above where the stock opened. See more in (NYSE:GD) Similar Articles: Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics Receives $24 Million Contract for Submarine Planning Services Company Update: General Dynamics Corp (NYSE:GD) – General Dynamics Wins Competitive Bid to Provide IT Enterprise Services to U.S. Combatant Commands Worldwide Market Update: General Dynamics Corp (NYSE:GD) – General Dynamics Awarded $43 Million to Continue Supporting the Centers for Medicare & Medicaid Services Retiree Drug Subsidy Program
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