Market Update (NYSE:LMT): Lockheed Martin Receives Sensor Sustainment Contract for the Apache Attack Helicopter

[PR Newswire] – ORLANDO, Fla., Jan. 6, 2016 /PRNewswire/ — The U.S. Army awarded Lockheed Martin (NYSE: LMT) a $31.8 million contract in December 2015 to sustain the AH-64D/E Apache’s targeting and pilotage system, the … Read more on this. Lockheed Martin Corporation (LMT) , valued at $67.57B, started trading this morning at $217.83. Shares have traded today between $217.04 and $221.00 per share with a one year range of $181.91 to $227.91. LMT shares are currently priced at 19.21x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.05x 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 3.04%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $2.92 per share, which would be $0.09 worse than the year-ago quarter and a $0.09 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $11.36 is a $0.04 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $12.33 Billion. If reported, that would be a 1.60% decrease over the year-ago quarter. Recently, Sterne Agee CRT upgraded LMT from Neutral to Buy (Aug 20, 2015). Previously, JP Morgan Initiated LMT at to Overweight. When considering if the stock is under or overvalued, the average price target is $229.00, which is 5.13% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Receives $528 Million THAAD Missile-Defense Contract Company Update (NYSE:LMT): India Becomes 15th International Customer for Lockheed Martin’s Apache Targeting and Pilotage Sensor Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Receives $262 Million Contract to Sustain Sensors on Saudi Arabia’s F-15 Fleet