Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Announces Second Quarter 2016 Earnings Results Conference Call

[PR Newswire] – BETHESDA, Md., July 12, 2016 /PRNewswire/ — Lockheed Martin (NYSE: LMT) will webcast live its second quarter 2016 earnings results conference call on Tuesday, July 19, at 11 a.m. EDT. Marillyn Hewson, … Read more on this. Lockheed Martin Corporation (LMT) , currently valued at $77.68B, started trading this morning at $255.64. Today’s price range has been between $254.47 and $256.38 per share with a one year range of $181.91 to $256.38. LMT shares are currently priced at 21.47x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.99x earnings multiple for the same period. The company pays shareholders $6.60 per share annually in dividends, yielding 2.62%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $2.93 per share, which would be $0.01 worse than the year-ago quarter and a $0.01 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $11.85, which would be a $0.53 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $12.56 Billion. If realized, that would be a 7.90% 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. The average price target for LMT shares is $244.29, which is 4.44% below where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Market Update: Lockheed Martin Corporation (NYSE:LMT) – QTC, a Lockheed Martin Company, Sponsors the 2016 National Veterans Wheelchair Games Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Announces First Quarter 2016 Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Announces Briefing Schedule for the 2016 AFA Air Warfare Symposium