Company Update (NYSE:LMT): Lockheed CEO says Poland, Turkey interested in MEADS missile defense system

[Reuters] – Lockheed Martin Chief Executive Marillyn Hewson said Poland and Turkey were interested in the company’s MEADS missile defense system, which has already been selected by Germany. Hewson said Lockheed recently reentered discussions with the Polish defense ministry about the MEADS system, but gave no further details. Read more on this. Lockheed Martin Corporation (LMT) , currently valued at $65.69B, began trading this morning at $215.34. During the trading session, LMT traded between $214.81 to $216.89 and has traded between $181.91 and $227.91 over the past 12 months. LMT shares are currently priced at 18.36x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.64x earnings multiple. The company pays shareholders $6.60 per share in dividend income per year, for a current yield of 3.04%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $2.60 per share, which would be $0.14 worse than the year-ago quarter and a $0.18 sequential decrease. The full-year EPS estimate is $11.80, which would be a $0.96 better than last year. 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. Recently, Guggenheim Initiated LMT at Buy (Jan 20, 2016). Previously, RBC Capital Mkts upgraded LMT from Sector Perform to Outperform. With the above information in mind, readers should note that the average price target is $235.57, which is 9.39% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Receives $528 Million THAAD Missile-Defense Contract Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed to cut 250 jobs in missile, fire control business Company Update (NYSE:LMT): Lockheed delivered fraction of missile defense interceptors
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