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Market Update (NYSE:GD): General Dynamics NASSCO Awarded $157 Million for USS Essex Phased Maintenance Availability

[PR Newswire] – SAN DIEGO, March 3, 2016 /PRNewswire/ — General Dynamics NASSCO has been awarded a $156.5 million contract for a phased maintenance availability (PMA) aboard the USS Essex (LHD-2). General Dynamics NASSCO … Read more on this. General Dynamics Corporation (GD) , valued at $42.14B, started the session at $135.74. Looking at the stock, its one day range is $134.73 to $136.53 with its 52-week range being $121.61 to $153.76. General Dynamics (GD) shares are currently priced at 14.62x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 42.78x earnings multiple for the same period. And for income investors, the company pays shareholders $2.76 per share annually in dividends, yielding 2.01%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $2.17 per share, which would be $0.03 better than the year-ago quarter and a $0.08 sequential decrease. The full-year EPS estimate is $9.39, which would be a $0.31 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.71 Billion. If reported, that would be a 0.90% decrease over the year-ago quarter. In terms of ratings, Drexel Hamilton upgraded GD from Hold to Buy (Dec 21, 2015). Previously, Argus upgraded GD from Hold to Buy. The average price target for GD shares by the analysts covering it is $160.31, which is 18.10% above where the stock opened. See more in (NYSE:GD) Similar Articles: Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics NASSCO Christens First ECO Tanker for American Petroleum Tankers Market Update: General Dynamics Corp (NYSE:GD) – General Dynamics NASSCO Begins Construction on Second Expeditionary Base Mobile Ship Market Update: General Dynamics Corp (NYSE:GD) – General Dynamics Awarded $358 Million for 150 M1A1 SA Abrams Tanks for Morocco
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