News coverage about Northrop Grumman (NYSE:NOC) has trended somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Northrop Grumman earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave media headlines about the aerospace company an impact score of 45.7645810857397 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
Shares of Northrop Grumman (NYSE NOC) traded down $0.91 during mid-day trading on Friday, hitting $356.00. The stock had a trading volume of 938,648 shares, compared to its average volume of 1,110,000. The company has a current ratio of 2.35, a quick ratio of 2.24 and a debt-to-equity ratio of 2.04. The company has a market cap of $61,980.00, a PE ratio of 27.01, a PEG ratio of 2.56 and a beta of 0.82. Northrop Grumman has a one year low of $233.20 and a one year high of $358.84.
Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Thursday, January 25th. The aerospace company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $0.07. The company had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Northrop Grumman had a return on equity of 37.28% and a net margin of 7.81%. Northrop Grumman’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.96 EPS. analysts anticipate that Northrop Grumman will post 15.2 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Monday, March 5th will be paid a $1.10 dividend. The ex-dividend date is Friday, March 2nd. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.24%. Northrop Grumman’s dividend payout ratio is 30.35%.
NOC has been the subject of several recent research reports. Royal Bank of Canada boosted their price objective on Northrop Grumman from $324.00 to $347.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Jefferies Group raised Northrop Grumman from a “hold” rating to a “buy” rating and set a $400.00 price objective for the company in a report on Wednesday. Zacks Investment Research cut 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 objective on shares of Northrop Grumman in a report on Thursday, January 25th. Finally, Argus boosted their price objective on Northrop Grumman to $375.00 and gave the stock a “positive” rating in a report on Monday, February 5th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $326.21.
In other news, VP Denise M. Peppard sold 2,539 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $335.12, for a total value of $850,869.68. Following the completion of the sale, the vice president now directly owns 38,613 shares of the company’s stock, valued at approximately $12,939,988.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.
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About Northrop Grumman
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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