Lockheed Martin Corporation (LMT), currently valued at $65.45B, started the session at $210.04.
Looking at the stock, its one day range is $209.34 to $211.57 with a trailing 52-week range being $165.26 to $211.57.
LMT shares are currently priced at 18.40x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.24x earnings multiple.
The company pays shareholders $6.00 per share annually in dividends, yielding 3.00%.
According to a consensus of 16 analysts, the earnings estimate of $2.73 per share would be $0.03 worse than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $11.37 would be a $0.03 worse 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 $11.14 Billion. If realized, that would be a 0.27% increase over the year-ago quarter.
Recently, JP Morgan Initiated LMT at Overweight (Jul 14, 2015). Previously, Buckingham Research upgraded LMT from Neutral to Buy.
The average price target for LMT shares by the analysts covering the stock is $218.36, which is 3.96% above where the stock opened this morning.
Summary (NYSE:LMT): Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It also provides management, engineering, technical, scientific, logistics, and information services. Its Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The company’s Information Systems & Global Solutions segment provides technology systems and expertise, integrated information technology solutions, and management services; and supports customers in data analytics, cyber security, air traffic management, and energy demand management. This segment also provides network-enabled situational awareness; delivers communications, and command and control capabilities; integrates complex global systems that help customers to gather, analyze, and distribute critical intelligence data; and offers classified systems and services in the support of national security systems. Its Missiles and Fire Control segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics and other technical services; fire control systems; mission operations and engineering support, readiness, and integration services; and manned and unmanned ground vehicles. The company’s Mission Systems and Training segment offers ship and submarine mission and combat systems; mission systems and sensors for aircraft; sea and land-based missile defense systems; radar systems; littoral combat ships; simulation and training services; and unmanned systems and technologies. Its Space Systems provides satellites, strategic and defensive missile systems, and space transportation systems. The company serves civil, defense, intelligence, and other government customers in the United States and internationally. Lockheed Martin Corporation was founded in 1909 and is headquartered in Bethesda, Maryland.
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