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Market Update: Lockheed Martin Corporation (NYSE:LMT) – Ready to Go: Lockheed Martin-Built MUOS-5 Secure Communications Satellite Encapsulated for June 24 Launch

[PR Newswire] – CAPE CANAVERAL AIR FORCE STATION, Fla., June 14, 2016 /PRNewswire/ — The fifth Mobile User Objective System (MUOS) satellite built by Lockheed Martin (NYSE: LMT) for the U.S. Navy was encapsulated in … Read more on this. Lockheed Martin Corporation (LMT) , with a current market cap of $72.92B, opened at $237.78. Today, shares have traded between $237.25 and $239.92 per share and has traded between $181.91 and $245.37 over the past year. LMT shares are currently priced at 20.10x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 26.79x earnings multiple. And for income investors, the company pays shareholders $6.60 per share annually in dividends, yielding 2.74%. 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 $0.02 worse than the year-ago quarter and a $0.01 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $11.84 would be a $1.00 improvement 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 $12.58 Billion. If realized, that would be a 8.08% increase over the year-ago quarter. In terms of ratings, Berenberg downgraded LMT from Buy to Hold (May 31, 2016). Previously, RBC Capital Mkts downgraded LMT from Outperform to Sector Perform. Investors should keep in mind is that the average price target is $243.69, which is 2.49% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin, Arabsat and KACST Achieve Significant Milestone on Arabsat 6A and Hellas-Sat-4/SaudiGeoSat-1 Satellite Production Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Delivers NASA’s OSIRIS-REx Spacecraft to Launch Site Market Update: Lockheed Martin Corporation (NYSE:LMT) – In Space, in the Sky and on Land: Lockheed Martin Innovates to Create a More Sustainable Future
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