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Stock Update (NYSE:GD): General Dynamics SATCOM Technologies Completes Installation and Test of NASA Deep Space Network Antennas

[PR Newswire] – SAN JOSE, Calif., June 14, 2016 /PRNewswire/ — The General Dynamics SATCOM Technologies team located in San Jose, Calif., completed the installation and testing of two 34-meter (112-foot wide) beam waveguide … Read more on this. General Dynamics Corporation (GD) , valued at $42.41B, began trading this morning at $138.99. Looking at the equity, the company’s one day range is $138.30 to $139.32 and has traded between $121.61 and $153.76 over the past 12 months. GD shares are currently priced at 14.61x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 26.79x forward p/e ratio. And for dividend hunters, the company pays shareholders $3.04 per share annually in dividends, yielding 2.15%. According to a consensus of 19 analysts, the earnings estimate of $2.32 per share would be $0.05 better than the year-ago quarter and a $0.03 sequential increase. Investors should also note that the full-year EPS estimate of $9.52 is a $0.44 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.87 Billion. If reported, that would be a 0.13% 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. Investors should keep in mind is that the average price target is $162.47, which is 16.89% above where the stock opened this morning. See more in (NYSE:GD) Similar Articles: Stock Update (NYSE:GD): General Dynamics Completes U.S. Air Force Space Fence Radar Array Ground Structure Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics AN/PRC-155 MUOS-Manpack Radio and MUOS Communications Network Connect U.S. Army Soldiers in the Pacific Region Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics NASSCO Successfully Completes LNG Bunkering for the Perla Del Caribe
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