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Company Update (NYSE:LMT): India Becomes 15th International Customer for Lockheed Martin’s Apache Targeting and Pilotage Sensor

[PR Newswire] – ORLANDO, Fla., Dec. 17, 2015 /PRNewswire/ — The U.S. Army awarded Lockheed Martin (NYSE: LMT) a $107.8 million foreign military sale contract to provide Modernized Target Acquisition Designation Sight/Pilot … Read more on this. Lockheed Martin Corporation (LMT) , valued at $66.46B, started trading this morning at $217.86. Shares have traded today between $215.96 and $219.75 per share with the price of the stock fluctuating between $181.91 to $227.91 over the last 52 weeks. LMT shares are currently priced at 19.16x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 36.33x forward p/e ratio. And for dividend hunters, the company pays shareholders $6.60 per share annually in dividends, yielding 3.05%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $2.91 per share, which would be $0.10 worse than the year-ago quarter and a $0.10 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $11.35, which would be a $0.05 setback 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 $12.22 Billion. If realized, that would be a 2.47% decrease over the year-ago quarter. In terms of ratings, Sterne Agee CRT upgraded LMT from Neutral to Buy (Aug 20, 2015). Previously, JP Morgan Initiated LMT at to Overweight. The average price target for LMT shares is $228.31, which is 4.80% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Company Update: Lockheed Martin Corporation (NYSE:LMT) – U.S. Air Force Awards Lockheed Martin New Contracts for Sensor-Enhanced Sniper Pods and Upgrade Kits Stock Update: Lockheed Martin Corporation (NYSE:LMT) – The Netherlands Chooses Lockheed Martin’s Sniper® Advanced Targeting Pod for F-16 Fleet Company Update (NYSE:LMT): Taiwan Becomes 20th International Customer for Lockheed Martin’s Sniper® Advanced Targeting Pod
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