Company Update: General Dynamics Corp (NYSE:GD) – General Dynamics Reports First-Quarter 2016 Results

[PR Newswire] – FALLS CHURCH, Va., April 27, 2016 /PRNewswire/ –General Dynamics (NYSE: GD) today reported first-quarter 2016 earnings from continuing operations of $730 million, a 2 percent increase over first-quarter … Read more on this. General Dynamics Corporation (GD) , valued at $44.09B, started the session at $139.00. Looking at the equity, the company’s one day range is $138.60 to $142.75 and has traded between $121.61 and $153.76 over the past 12 months. GD shares are currently priced at 14.80x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.21x earnings multiple. And for passive income investors, the company pays shareholders $3.04 per share annually in dividends, yielding 2.20%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $2.16 per share, which would be $0.02 better than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $9.37, which would be a $0.29 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.69 Billion. If realized, that would be a 1.16% decrease over the year-ago quarter. In terms of ratings, Guggenheim Initiated GD at Buy (Apr 5, 2016). Previously, Deutsche Bank downgraded GD from Buy to Hold. Given all the information above, we should disclose to readers that the average price target is $158.88, which is 14.30% above than it opened this morning. See more in (NYSE:GD) Similar Articles: Market Update: General Dynamics Corp (NYSE:GD) – General Dynamics Appoints Gezen as President of General Dynamics Ordnance and Tactical Systems; Wilson to Retire Market Update: General Dynamics Corp (NYSE:GD) – General Dynamics, Rockwell Collins, Harris Corp awarded $12 bln Pentagon contract Company Update: General Dynamics Corp (NYSE:GD) – General Dynamics Wins Contract to Provide Communications Services to USAFCENT in Southwest and Central Asia