Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Chairman, President and CEO to Speak at Bernstein’s Annual Strategic Decisions Conference

[PR Newswire] – BETHESDA, Md., May 25, 2016 /PRNewswire/ — Lockheed Martin (NYSE: LMT) will webcast live a presentation by Chairman, President and Chief Executive Officer (CEO) Marillyn Hewson at Bernstein’s 32nd Annual … Read more on this. Lockheed Martin Corporation (LMT) , currently valued at $73.47B, opened at $241.30. During today’s session, LMT traded between $240.78 to $241.56 with the price of the stock fluctuating between $181.91 to $245.37 over the last 52 weeks. LMT shares are currently priced at 20.35x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 24.87x earnings multiple. And for passive income investors, the company pays shareholders $6.60 per share annually in dividends, yielding 2.76%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $2.92 per share, which would be $0.02 worse than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $11.84 which would be a $1.00 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $12.58 Billion. If realized, that would be a 8.08% increase over the year-ago quarter. In terms of ratings, RBC Capital Mkts downgraded LMT from Outperform to Sector Perform (May 19, 2016). Previously, Stifel downgraded LMT from Buy to Hold. With the above information in mind, readers should note that the average price target is $243.06, which is 0.73% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Market Update: Lockheed Martin Corporation (NYSE:LMT) – In Space, in the Sky and on Land: Lockheed Martin Innovates to Create a More Sustainable Future Company Update: Lockheed Martin Corporation (NYSE:LMT) – John Rood Appointed Senior Vice President Lockheed Martin International Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Announces Briefing Schedule for the 2016 AFA Air Warfare Symposium