Northrop Grumman (NYSE:NOC) will release its earnings data before the market opens on Wednesday, April 25th. Analysts expect Northrop Grumman to post earnings of $3.56 per share for the quarter. Northrop Grumman has set its FY18 guidance at $15-15.25 EPS.
Northrop Grumman (NYSE:NOC) last announced its earnings results on Thursday, January 25th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.07. The business had revenue of $6.63 billion for 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%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $2.96 earnings per share. On average, analysts expect Northrop Grumman to post $16 EPS for the current fiscal year and $18 EPS for the next fiscal year.
Shares of NYSE:NOC opened at $355.04 on Wednesday. The stock has a market capitalization of $61,035.11, a price-to-earnings ratio of 26.73, a PEG ratio of 2.47 and a beta of 0.77. The company has a debt-to-equity ratio of 2.04, a quick ratio of 2.24 and a current ratio of 2.35. Northrop Grumman has a 52-week low of $242.42 and a 52-week high of $360.88.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Monday, March 5th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.24%. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Friday, March 2nd. Northrop Grumman’s dividend payout ratio (DPR) is presently 33.13%.
A number of research firms have recently weighed in on NOC. Morgan Stanley lifted their price objective on Northrop Grumman from $365.00 to $378.00 and gave the company an “equal weight” rating in a research report on Thursday, April 12th. Zacks Investment Research raised Northrop Grumman from a “hold” rating to a “buy” rating and set a $386.00 price objective on the stock in a research report on Thursday, March 29th. Barclays began coverage on Northrop Grumman in a research report on Thursday, March 29th. They set an “overweight” rating and a $400.00 price objective on the stock. Citigroup reaffirmed a “buy” rating and set a $405.00 price objective on shares of Northrop Grumman in a research report on Monday, March 12th. Finally, ValuEngine raised Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Northrop Grumman currently has an average rating of “Buy” and an average target price of $364.87.
In related news, VP Michael A. Hardesty sold 2,941 shares of Northrop Grumman stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $351.06, for a total transaction of $1,032,467.46. Following the sale, the vice president now owns 9,202 shares of the company’s stock, valued at approximately $3,230,454.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Denise M. Peppard sold 2,539 shares of Northrop Grumman stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $335.12, for a total value of $850,869.68. Following the sale, the vice president now directly owns 38,613 shares in the company, valued at approximately $12,939,988.56. The disclosure for this sale can be found here. Insiders have sold a total of 9,299 shares of company stock worth $3,220,228 in the last three months. 0.62% of the stock is owned by corporate insiders.
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Northrop Grumman Company Profile
Northrop Grumman Corporation operates as a security company for government and commercial customers worldwide. It provides products, systems, and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR); strike; and logistics and modernization.
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