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Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Receives $528 Million THAAD Missile-Defense Contract

[PR Newswire] – DALLAS, Jan. 4, 2016 /PRNewswire/ — The Missile Defense Agency awarded Lockheed Martin (NYSE:LMT) a $528 million contract in December 2015 for production and delivery of interceptors for the Terminal … Read more on this. Lockheed Martin Corporation (LMT) , with a current value of $65.45B, opened at $214.00. Looking at the stock, its one day range is $212.23 to $215.77 with a one year range of $181.91 to $227.91. Lockheed Martin (LMT) shares are currently priced at 19.12x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.05x earnings multiple for the same period. And for income investors, the company pays shareholders $6.60 per share annually in dividends, yielding 3.04%. 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. The full-year EPS estimate is $11.36 which would be a $0.04 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $12.33 Billion. If realized, that would be a 1.60% 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. Given all the information above, we should disclose to readers that the average price target is $228.94, which is 6.98% above than it opened this morning. See more in (NYSE:LMT) Similar Articles: Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed martin wins air-to-surface missile contract Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Receives $262 Million Contract to Sustain Sensors on Saudi Arabia’s F-15 Fleet Stock Update (NYSE:LMT): Lockheed Martin Receives $1.5 Billion Missile Interceptor Deal
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