Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics to Provide Enterprise IT Services to U.S. Army Europe

[PR Newswire] – FAIRFAX, Va., May 12, 2016 /PRNewswire/ — The General Services Administration awarded the United States Army Europe (USAREUR) Theater Mission Command Contract II (TMCC II) to General Dynamics. The company … Read more on this. General Dynamics Corporation (GD) , with a current value of $44.41B, started trading this morning at $144.74. Today’s price range has been between $144.29 and $145.98 per share and has traded between $121.61 and $153.76 over the past 12 months. GD shares are currently priced at 15.29x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.12x forward p/e ratio. And for income investors, the company pays shareholders $3.04 per share annually in dividends, yielding 2.10%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $2.32 per share, which would be $0.05 better than the year-ago quarter and a $0.03 sequential increase. What we find to be interesting is that the full-year EPS estimate of $9.53 is a $0.45 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.87 Billion. If reported, that would be a 0.13% decrease over the year-ago quarter. More recently, Guggenheim Initiated GD at Buy (Apr 5, 2016). Previously, Deutsche Bank downgraded GD from Buy to Hold. The average price target for GD shares by the analysts covering the stock is $162.06, which is 11.97% above where the stock opened this morning. See more in (NYSE:GD) Similar Articles: Market Update: General Dynamics Corp (NYSE:GD) – General Dynamics Awarded $75 Million by Centers for Medicare & Medicaid Services Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics AN/PRC-155 MUOS-Manpack Radio and MUOS Communications Network Connect U.S. Army Soldiers in the Pacific Region Company Update: General Dynamics Corp (NYSE:GD) – General Dynamics Wins Contract to Provide Communications Services to USAFCENT in Southwest and Central Asia
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