Northrop Grumman Co. (NYSE:NOC) – Research analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for shares of Northrop Grumman in a note issued to investors on Thursday, according to Zacks Investment Research. Jefferies Group analyst S. Kahyaoglu expects that the aerospace company will earn $3.64 per share for the quarter. Jefferies Group also issued estimates for Northrop Grumman’s Q2 2018 earnings at $3.78 EPS, Q3 2018 earnings at $4.08 EPS and Q4 2018 earnings at $4.01 EPS.
Other research analysts also recently issued reports about the company. Royal Bank of Canada upped their price objective on Northrop Grumman from $324.00 to $347.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. Zacks Investment Research downgraded Northrop Grumman from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Cowen reissued a “hold” rating and set a $310.00 price target on shares of Northrop Grumman in a research report on Thursday, January 25th. Argus upped their price target on Northrop Grumman to $375.00 and gave the company a “positive” rating in a research report on Monday, February 5th. Finally, Goldman Sachs Group set a $320.00 price target on Northrop Grumman and gave the company a “buy” rating in a research report on Thursday, October 26th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $317.47.
Northrop Grumman (NYSE:NOC) opened at $337.44 on Monday. The stock has a market capitalization of $58,740.00, a P/E ratio of 29.42, a price-to-earnings-growth ratio of 2.40 and a beta of 0.82. The company has a debt-to-equity ratio of 2.04, a current ratio of 2.35 and a quick ratio of 2.24. Northrop Grumman has a 52-week low of $233.20 and a 52-week high of $349.18.
Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Thursday, January 25th. The aerospace company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.07. The business had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.34 billion. Northrop Grumman had a return on equity of 37.28% and a net margin of 7.81%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.96 EPS.
Hedge funds have recently modified their holdings of the business. People s United Financial Inc. increased its position in Northrop Grumman by 9.2% in the 2nd quarter. People s United Financial Inc. now owns 475 shares of the aerospace company’s stock worth $122,000 after purchasing an additional 40 shares during the last quarter. Ropes Wealth Advisors LLC acquired a new position in Northrop Grumman in the 3rd quarter worth about $144,000. Quadrant Capital Group LLC increased its position in Northrop Grumman by 7.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 636 shares of the aerospace company’s stock worth $147,000 after purchasing an additional 46 shares during the last quarter. WFG Advisors LP increased its position in Northrop Grumman by 4.9% in the 2nd quarter. WFG Advisors LP now owns 594 shares of the aerospace company’s stock worth $152,000 after purchasing an additional 28 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in Northrop Grumman in the 3rd quarter worth about $154,000. 80.56% of the stock is currently owned by institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, March 5th will be given a $1.10 dividend. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 1.30%. The ex-dividend date is Friday, March 2nd. Northrop Grumman’s dividend payout ratio is presently 34.87%.
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Northrop Grumman Company Profile
Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.
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