Brokerages Anticipate Northrop Grumman Co. (NYSE:NOC) Will Announce Earnings of $5.93 Per Share

Equities analysts expect that Northrop Grumman Co. (NYSE:NOC) will report earnings of $5.93 per share for the current quarter, according to Zacks. Three analysts have made estimates for Northrop Grumman’s earnings, with the lowest EPS estimate coming in at $5.83 and the highest estimate coming in at $6.14. Northrop Grumman posted earnings of $5.89 per share during the same quarter last year, which would suggest a positive year over year growth rate of 0.7%. The business is scheduled to report its next earnings results on Thursday, October 28th.

On average, analysts expect that Northrop Grumman will report full year earnings of $24.83 per share for the current year, with EPS estimates ranging from $24.45 to $25.25. For the next fiscal year, analysts anticipate that the firm will report earnings of $25.72 per share, with EPS estimates ranging from $24.15 to $28.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Northrop Grumman.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Thursday, July 29th. The aerospace company reported $6.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.75 by $0.67. Northrop Grumman had a return on equity of 39.32% and a net margin of 12.10%. The firm had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $8.71 billion.

Several research firms recently weighed in on NOC. Stifel Nicolaus upgraded Northrop Grumman from a “hold” rating to a “buy” rating and lifted their price target for the company from $350.00 to $475.00 in a research report on Friday, June 4th. Seaport Global Securities lifted their price target on Northrop Grumman from $398.00 to $419.00 and gave the company a “buy” rating in a research report on Monday, July 19th. Wells Fargo & Company lifted their price target on Northrop Grumman from $330.00 to $335.00 and gave the company an “underweight” rating in a research report on Monday, August 2nd. Finally, Zacks Investment Research raised Northrop Grumman from a “hold” rating to a “buy” rating and set a $391.00 target price on the stock in a report on Tuesday, July 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $399.10.

NYSE NOC opened at $345.14 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 1.49 and a debt-to-equity ratio of 1.14. Northrop Grumman has a twelve month low of $282.88 and a twelve month high of $379.03. The firm has a market capitalization of $55.26 billion, a PE ratio of 12.46, a P/E/G ratio of 1.59 and a beta of 0.84. The stock’s 50 day moving average is $360.97 and its 200 day moving average is $354.60.

The firm also recently declared a dividend, which was paid on Thursday, September 2nd. Stockholders of record on Monday, August 23rd were paid a $0.14 dividend. This represents a dividend yield of 0.15%. The ex-dividend date of this dividend was Friday, August 20th. Northrop Grumman’s dividend payout ratio is currently 26.55%.

In other news, VP Thomas H. Jones sold 235 shares of the business’s stock in a transaction on Tuesday, August 17th. The stock was sold at an average price of $370.00, for a total value of $86,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas H. Jones sold 470 shares of the business’s stock in a transaction on Tuesday, August 3rd. The stock was sold at an average price of $361.35, for a total value of $169,834.50. The disclosure for this sale can be found here. Insiders sold 1,597 shares of company stock valued at $576,700 in the last 90 days. Company insiders own 0.25% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Searle & CO. increased its position in Northrop Grumman by 0.5% in the first quarter. Searle & CO. now owns 6,418 shares of the aerospace company’s stock worth $2,077,000 after buying an additional 30 shares in the last quarter. Benjamin Edwards Inc. increased its position in Northrop Grumman by 14.8% in the first quarter. Benjamin Edwards Inc. now owns 240 shares of the aerospace company’s stock worth $78,000 after buying an additional 31 shares in the last quarter. Parisi Gray Wealth Management increased its position in Northrop Grumman by 2.8% in the second quarter. Parisi Gray Wealth Management now owns 1,126 shares of the aerospace company’s stock worth $409,000 after buying an additional 31 shares in the last quarter. North Star Investment Management Corp. increased its position in Northrop Grumman by 56.1% in the second quarter. North Star Investment Management Corp. now owns 89 shares of the aerospace company’s stock worth $32,000 after buying an additional 32 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in Northrop Grumman by 2.2% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,563 shares of the aerospace company’s stock worth $568,000 after buying an additional 33 shares in the last quarter. Institutional investors own 81.91% of the company’s stock.

About Northrop Grumman

Northrop Grumman Corp. is an aerospace and defense company, which engages in the provision of security businesses. It creates and delivers platforms, systems, and solutions in autonomous systems, cyber, command, control, communications and computers, intelligence, surveillance and reconnaissance, strike, and logistics and modernization.

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Earnings History and Estimates for Northrop Grumman (NYSE:NOC)

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