Company Update (NYSE:LMT): All Systems Go – Lockheed Martin Canada Delivers Modern Combat System to Royal Canadian Navy

[PR Newswire] – The HCM project achieved First Article Acceptance – formal recognition that Lockheed Martin Canada’s combat system design meets the Navy’s performance requirements. Individual system acceptance of the Lockheed Martin Canada combat system has also been achieved on seven of Canada’s 12 Halifax Class frigates. Read more on this. Lockheed Martin Corporation (LMT) , currently valued at $66.63B, opened at $216.16. Today, shares have traded between $215.58 and $218.23 per share with a one year range of $181.91 to $227.91. Lockheed Martin (LMT) shares are currently priced at 18.97x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 43.45x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $6.60 per share annually in dividends, yielding 3.11%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $2.92 per share, which would be $0.09 worse than the year-ago quarter and a $0.09 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $11.36 would be a $0.04 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $12.22 Billion. If reported, that would be a 2.47% decrease over the year-ago quarter. Recently, Sterne Agee CRT upgraded LMT from Neutral to Buy (Aug 20, 2015). Previously, JP Morgan Initiated LMT at to Overweight. Investors should keep in mind is that the average price target is $228.94, which is 5.91% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed wins deal worth up to $428 mln for U.S. Navy combat systems Market Update: Lockheed Martin Corporation (NYSE:LMT) – U.S. okays $1.5 bln sale of Lockheed Aegis combat system to Japan Company Update: Lockheed Martin Corporation (NYSE:LMT) – U.S. Marines see decision soon on F-35 fighter combat-readiness