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Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Announces First Quarter 2016

[PR Newswire] – BETHESDA, Md., April 19, 2016 /PRNewswire/ — Lockheed Martin (NYSE: LMT) will webcast live its first quarter 2016 earnings results conference call on Tuesday, Apr. 26, at 11 a.m. EDT. Marillyn Hewson, … Read more on this. Lockheed Martin Corporation (LMT) , valued at $69.27B, started the session at $227.16. Today’s price range has been between $226.29 and $227.89 per share and has traded between $181.91 and $228.00 over the past year. Lockheed Martin (LMT) shares are currently priced at 19.27x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.11x 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 2.92%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $2.60 per share, which would be $0.14 worse than the year-ago quarter and a $0.17 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $11.79 is a $0.95 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.36 Billion. If reported, that would be a 12.36% increase over the year-ago quarter. 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 $234.88, which is 3.40% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin to Accelerate Veterans Disability Claims Processing Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Romania Increases Inventory of Lockheed Martin Radars Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Announces Briefing Schedule for the 2016 AFA Air Warfare Symposium
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