Northrop Grumman (NYSE:NOC – Get Rating) is scheduled to issue its quarterly earnings data before the market opens on Thursday, April 28th. Analysts expect the company to announce earnings of $5.94 per share for the quarter. Northrop Grumman has set its FY22 guidance at $24.50-$25.10 EPS.Parties interested in listening to the company’s conference call can do so using this link.
Northrop Grumman (NYSE:NOC – Get Rating) last issued its quarterly earnings data on Thursday, January 27th. The aerospace company reported $6.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.95 by $0.05. The business had revenue of $8.60 billion during the quarter, compared to analyst estimates of $9 billion. Northrop Grumman had a net margin of 19.64% and a return on equity of 35.83%. The firm’s quarterly revenue was down 15.8% on a year-over-year basis. During the same quarter last year, the business earned $6.59 EPS. On average, analysts expect Northrop Grumman to post $25 EPS for the current fiscal year and $27 EPS for the next fiscal year.
NYSE:NOC opened at $463.40 on Thursday. The company has a market capitalization of $72.15 billion, a PE ratio of 10.62, a P/E/G ratio of 3.05 and a beta of 0.74. The company has a 50 day simple moving average of $439.56 and a two-hundred day simple moving average of $399.39. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.22 and a current ratio of 1.30. Northrop Grumman has a fifty-two week low of $336.03 and a fifty-two week high of $490.82.
A number of analysts have weighed in on the stock. Jefferies Financial Group downgraded shares of Northrop Grumman from a “buy” rating to a “hold” rating and set a $410.00 target price for the company. in a research report on Wednesday, January 5th. Wolfe Research downgraded shares of Northrop Grumman from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 11th. Morgan Stanley increased their target price on shares of Northrop Grumman from $428.00 to $521.00 and gave the company an “overweight” rating in a research report on Wednesday, March 2nd. Seaport Res Ptn reissued a “buy” rating on shares of Northrop Grumman in a research report on Tuesday. Finally, Susquehanna raised their price objective on shares of Northrop Grumman from $416.00 to $437.00 in a research report on Friday, January 28th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $427.27.
In other news, VP Mary D. Petryszyn sold 168 shares of Northrop Grumman stock in a transaction on Wednesday, February 16th. The stock was sold at an average price of $384.99, for a total transaction of $64,678.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Sheila C. Cheston sold 575 shares of Northrop Grumman stock in a transaction dated Monday, February 14th. The stock was sold at an average price of $397.00, for a total value of $228,275.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,738 shares of company stock worth $4,485,857. 0.26% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the business. Wealthsource Partners LLC grew its stake in shares of Northrop Grumman by 2.6% in the fourth quarter. Wealthsource Partners LLC now owns 1,078 shares of the aerospace company’s stock worth $417,000 after acquiring an additional 27 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in shares of Northrop Grumman by 1.2% in the fourth quarter. Kingsview Wealth Management LLC now owns 6,804 shares of the aerospace company’s stock worth $2,634,000 after buying an additional 81 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Northrop Grumman by 1,214.3% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 460 shares of the aerospace company’s stock worth $178,000 after purchasing an additional 425 shares in the last quarter. Crestwood Advisors Group LLC grew its position in shares of Northrop Grumman by 81.1% during the fourth quarter. Crestwood Advisors Group LLC now owns 1,463 shares of the aerospace company’s stock worth $566,000 after purchasing an additional 655 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Northrop Grumman by 44.6% during the 4th quarter. NewEdge Advisors LLC now owns 2,750 shares of the aerospace company’s stock valued at $1,065,000 after buying an additional 848 shares in the last quarter. Hedge funds and other institutional investors own 83.20% of the company’s stock.
About Northrop Grumman (Get Rating)
Northrop Grumman Corporation operates as an aerospace and defense company worldwide. 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.
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