Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed wins more than $1 billion contract for C-130J aircraft

[Reuters] – Lockheed Martin Corp has been awarded a contract worth more than $1 billion for 32 C-130J aircraft, the Pentagon said on Wednesday. The work is expected to be completed by April 2020, the Department of … Read more on this. Lockheed Martin Corporation (LMT) , with a current value of $67.54B, opened at $220.93. Looking at today’s market, LMT one day range is $219.62 to $221.24 and has traded between $181.91 and $227.91 over the past year. Lockheed Martin (LMT) shares are currently priced at 19.41x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 1.96x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $6.60 per share annually in dividends, yielding 3.03%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $2.92 per share, which would be $0.09 worse than the year-ago quarter and a $0.09 sequential decrease. Investors should also note that the full-year EPS estimate of $11.36 is a $0.04 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $12.27 Billion. If realized, that would be a 2.08% decrease over the year-ago quarter. More recently, 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 by the analysts covering it is $228.94, which is 3.63% above where the stock opened. See more in (NYSE:LMT) Similar Articles: Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin wins $784 mln U.S. long-range radar deal-Pentagon Company Update: Lockheed Martin Corporation (NYSE:LMT) – Alcoa Wins Titanium Contract with Lockheed Martin for F-35 Joint Strike Fighter Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Increases Share Repurchase Authority by $3.0 Billion