Market Update: Lockheed Martin Corporation (NYSE:LMT) – In Space, in the Sky and on Land: Lockheed Martin Innovates to Create a More Sustainable Future

[PR Newswire] – BETHESDA, Md., April 28, 2016 /PRNewswire/ — From a system that turns waste into clean fuel, to unmanned aerial systems that help first responders, in 2015 Lockheed Martin (NYSE: LMT) innovated to expand … Read more on this. Lockheed Martin Corporation (LMT) , with a current value of $71.26B, started trading this morning at $232.20. Looking at today’s market, LMT one day range is $232.07 to $234.48 with the price of the stock fluctuating between $181.91 to $234.59 over the last 52 weeks. LMT shares are currently priced at 19.80x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.21x earnings multiple. And for income investors, the company pays shareholders $6.60 per share annually in dividends, yielding 2.91%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $2.91 per share, which would be $0.03 worse than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $11.80, which would be a $0.96 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $12.63 Billion. If realized, that would be a 8.51% increase over the year-ago quarter. More recently, Berenberg Initiated LMT at Buy (Mar 17, 2016). Previously, Guggenheim Initiated LMT at to Buy. With the above information in mind, readers should note that the average price target is $240.06, which is 3.39% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Announces First Quarter 2016 Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin to Accelerate Veterans Disability Claims Processing Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Announces Briefing Schedule for the 2016 AFA Air Warfare Symposium
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