Skip to main content

Company Update (NYSE:GD): General Dynamics NASSCO Delivers Second Liquefied Natural Gas Powered Containership

[PR Newswire] – SAN DIEGO, Jan. 22, 2016 /PRNewswire/ — Today General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (GD), delivered the world’s second containership to be operated by liquefied natural gas (LNG), the Perla Del Caribe. The ship was delivered two months ahead of schedule and is the sister ship of the world’s first LNG-powered containership, the Isla Bella, also built by NASSCO for TOTE Maritime. “The Perla Del Caribe and the Isla Bella exemplify world-leading, innovative technologies being used to build ocean-going ships that are cost-effective, friendly to the environment and offer a competitive edge,” said Kevin Graney, vice president and general manager at General Dynamics NASSCO. Read more on this. General Dynamics Corporation (GD) , with a current value of $39.85B, opened this morning at $125.50. A quick look at the market, the company’s stock traded between $124.76 and $126.49 and has traded between $121.61 and $153.76 over the past year. Priced at 13.74x this year’s forecasted earnings, GD shares are relatively inexpensive compared to the industry ’s 44.35x forward p/e ratio. The company pays shareholders $2.76 per share in dividend income per year, for a current yield of 2.17%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $2.38 per share, which would be $0.19 better than the year-ago quarter and a $0.06 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $9.05 would be a $1.22 better 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 $8.24 Billion. If realized, that would be a 1.44% decrease over the year-ago quarter. Recently, Drexel Hamilton upgraded GD from Hold to Buy (Dec 21, 2015). Previously, Argus upgraded GD from Hold to Buy. The average price target for GD shares is $162.56, which is 29.53% above where the stock opened this morning. See more in (NYSE:GD) Similar Articles: Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics NASSCO Successfully Completes LNG Bunkering for the Perla Del Caribe Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics NASSCO Christens First ECO Tanker for American Petroleum Tankers Market Update (NYSE:GD): General Dynamics NASSCO Delivers World’s First LNG-Powered Containership, the Isla Bella, to TOTE
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.