Market Update (NYSE:LMT): STEM Surges in Colorado: $800,000 Lockheed Martin Investment Expands Curriculum in Denver Public Schools

[PR Newswire] – DENVER, May 6, 2016 /PRNewswire/ — Science Technology Engineering and Math (STEM) education took center stage today at the Colorado Convention Center, where Lockheed Martin (NYSE: LMT) announced an $800,000 … Read more on this. Lockheed Martin Corporation (LMT) , valued at $73.00B, began trading this morning at $238.00. Today’s price range has been between $237.79 and $239.84 per share and has traded between $181.91 and $239.84 over the past year. LMT shares are currently priced at 20.11x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.04x 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 2.81%. According to a consensus of 16 analysts, the earnings estimate of $2.93 per share would be $0.01 worse than the year-ago quarter and a $0.01 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $11.84 would be a $1.00 improvement 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 $12.62 Billion. If realized, that would be a 8.42% 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 $240.69, which is 1.13% 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) – 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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