Northrop Grumman (NOC) to Release Earnings on Thursday

Northrop Grumman (NYSE:NOC) will post its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Northrop Grumman to post earnings of $6.05 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, topping analysts’ consensus estimates of $5.93 by $0.43. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The firm had revenue of $10.22 billion during the quarter, compared to analyst estimates of $10.02 billion. During the same period last year, the company posted $5.34 EPS. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, analysts expect Northrop Grumman to post $25 EPS for the current fiscal year and $28 EPS for the next fiscal year.

Northrop Grumman Trading Down 0.2 %

Shares of NYSE NOC opened at $529.65 on Tuesday. The firm has a market capitalization of $78.38 billion, a PE ratio of 37.04, a PEG ratio of 2.44 and a beta of 0.34. The business has a 50-day moving average price of $522.30 and a two-hundred day moving average price of $479.58. Northrop Grumman has a one year low of $418.60 and a one year high of $555.57. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 1.03.

Northrop Grumman Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were paid a $2.06 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $8.24 annualized dividend and a dividend yield of 1.56%. Northrop Grumman’s payout ratio is 57.62%.

Insider Transactions at Northrop Grumman

In other news, VP Thomas H. Jones sold 1,389 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $477.56, for a total transaction of $663,330.84. Following the sale, the vice president now owns 6,755 shares in the company, valued at approximately $3,225,917.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Thomas H. Jones sold 1,389 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $477.56, for a total transaction of $663,330.84. Following the sale, the vice president now owns 6,755 shares in the company, valued at approximately $3,225,917.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas H. Jones sold 1,390 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the transaction, the vice president now directly owns 4,634 shares in the company, valued at $2,317,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,879 shares of company stock worth $1,410,703. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

NOC has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Northrop Grumman from $467.00 to $509.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Barclays boosted their target price on Northrop Grumman from $470.00 to $500.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Citigroup boosted their target price on Northrop Grumman from $521.00 to $587.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. boosted their target price on Northrop Grumman from $500.00 to $560.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Finally, Morgan Stanley upped their price target on Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $535.00.

About Northrop Grumman

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.