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Company Update: Lockheed Martin Corporation (NYSE:LMT) – Count Down: U.S. Navy, Lockheed Martin to Launch MUOS-5 Secure Communications Satellite June 24

[PR Newswire] – CAPE CANAVERAL AIR FORCE STATION, Fla., June 22, 2016 /PRNewswire/ — The U.S. Navy and Lockheed Martin (NYSE: LMT) are ready to launch the fifth Mobile User Objective System (MUOS) secure communications … Read more on this. Lockheed Martin Corporation (LMT) , with a current market cap of $72.51B, opened this morning at $238.95. During today’s session, LMT traded between $238.04 to $239.27 with a trailing 52-week range being $181.91 to $245.37. Lockheed Martin (LMT) shares are currently priced at 20.13x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 26.10x 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 2.78%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $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 $11.85 which would be a $1.01 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $12.57 Billion. If realized, that would be a 7.99% increase over the year-ago quarter. In terms of ratings, Berenberg downgraded LMT from Buy to Hold (May 31, 2016). Previously, RBC Capital Mkts downgraded LMT from Outperform to Sector Perform. The average price target for LMT shares by the analysts covering it is $243.47, which is 1.89% above where the stock opened. See more in (NYSE:LMT) Similar Articles: Market Update: Lockheed Martin Corporation (NYSE:LMT) – Ready to Go: Lockheed Martin-Built MUOS-5 Secure Communications Satellite Encapsulated for June 24 Launch Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin, Arabsat and KACST Achieve Significant Milestone on Arabsat 6A and Hellas-Sat-4/SaudiGeoSat-1 Satellite Production Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin and Indra Demonstrate Next Generation Radar for Spanish Navy
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