Stock Update (NYSE:LMT): Lockheed Martin separating unit, combining it with Leidos

[AP] – Lockheed Martin is separating its information systems and global solutions unit, combining it with the engineering company Leidos so that it can focus on its remaining aerospace and defense business. The … Read more on this. Lockheed Martin Corporation (LMT) , with a current value of $62.20B, started trading this morning at $201.43. Looking at today’s trading action, the company’s one day range from $200.61 to $206.32 and has traded between $181.91 and $227.91 over the past 12 months. Priced at 18.63x this year’s forecasted earnings, LMT shares are relatively inexpensive compared to the industry ’s 44.35x forward p/e ratio. The company pays shareholders $6.60 per share in dividend income per year, for a current yield of 3.11%. According to a consensus of 18 analysts, the earnings estimate of $2.94 per share would be $0.07 worse than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $11.38 is a $0.02 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 $12.36 Billion. If realized, that would be a 1.36% decrease over the year-ago quarter. More recently, Guggenheim Initiated LMT at Buy (Jan 20, 2016). Previously, RBC Capital Mkts upgraded LMT from Sector Perform to Outperform. The average price target for LMT shares by the analysts covering it is $232.13, which is 15.24% above where the stock opened. See more in (NYSE:LMT) Similar Articles: Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin IT Business Achieves CMMI® Level 5 Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Increases Share Repurchase Authority by $3.0 Billion Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Announces Workforce Reductions for IT Services Business
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