Market Update: Lockheed Martin Corporation (NYSE:LMT) – Sikorsky Conducts Combat Rescue Helicopter (CRH) Air Vehicle Preliminary Design Review (PDR)

[PR Newswire] – STRATFORD, Conn., May 2, 2016 /PRNewswire/ — Lockheed Martin (NYSE: LMT) today announced the successful execution of the Combat Rescue Helicopter Program (CRH) Air Vehicle Preliminary Design Review (PDR). … Read more on this. Lockheed Martin Corporation (LMT) , valued at $70.86B, opened this morning at $232.74. Shares have traded today between $232.43 and $233.80 per share and has traded between $181.91 and $234.59 over the past 12 months. Lockheed Martin (LMT) shares are currently priced at 19.68x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.04x earnings multiple for the same period. The company pays shareholders $6.60 per share annually in dividends, yielding 2.84%. According to a consensus of 18 analysts, the earnings estimate of $2.92 per share would be $0.02 worse than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $11.81 would be a $0.97 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $12.61 Billion. If reported, that would be a 8.33% increase over the year-ago quarter. More recently, Berenberg Initiated LMT at Buy (Mar 17, 2016). Previously, Guggenheim Initiated LMT at to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $240.06, which is 3.15% 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 Market Update: Lockheed Martin Corporation (NYSE:LMT) – Sikorsky Recognizes Bristow for Outstanding S-92® Helicopter Rescue Accomplishments Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed sees no immediate layoffs after Sikorsky merger
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