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Company Update (NYSE:LMT): Systems Made Simple, a Lockheed Martin Company, Awarded Department of Veteran’s Affairs Health IT Contract

[PR Newswire] – VIENNA, Va., March 28, 2016 /PRNewswire/ — Systems Made Simple, a Lockheed Martin (NYSE: LMT) company, today announced that it has been awarded the Transformation Twenty-One Total Technology Next Generation … Read more on this. Lockheed Martin Corporation (LMT) , valued at $66.87B, opened this morning at $218.81. During the trading session, LMT traded between $218.34 to $219.56 and has traded between $181.91 and $227.91 over the past year. LMT shares are currently priced at 18.49x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.98x 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 3.03%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $2.59 per share, which would be $0.15 worse than the year-ago quarter and a $0.19 sequential decrease. Investors should also note 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 $11.33 Billion. If reported, that would be a 12.07% increase over the year-ago quarter. More recently, Berenberg Initiated LMT at Buy (Mar 17, 2016). Previously, Guggenheim Initiated LMT at to Buy. The average price target for LMT shares by the analysts covering it is $237.06, which is 8.34% above where the stock opened. See more in (NYSE:LMT) Similar Articles: Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin to Accelerate Veterans Disability Claims Processing Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Receives $528 Million THAAD Missile-Defense Contract Company Update: Lockheed Martin Corporation (NYSE:LMT) – Alcoa Wins Titanium Contract with Lockheed Martin for F-35 Joint Strike Fighter
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