Zacks: Brokerages Anticipate Northrop Grumman Co. (NYSE:NOC) to Post $6.13 EPS

Wall Street analysts predict that Northrop Grumman Co. (NYSE:NOCGet Rating) will post earnings per share of $6.13 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Northrop Grumman’s earnings. The highest EPS estimate is $6.19 and the lowest is $6.04. Northrop Grumman posted earnings of $6.42 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 4.5%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Northrop Grumman will report full year earnings of $24.80 per share for the current financial year, with EPS estimates ranging from $24.60 to $25.12. For the next fiscal year, analysts expect that the business will report earnings of $27.12 per share, with EPS estimates ranging from $26.00 to $28.11. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Northrop Grumman.

Northrop Grumman (NYSE:NOCGet Rating) last posted its earnings results on Thursday, April 28th. The aerospace company reported $6.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.96 by $0.14. Northrop Grumman had a return on equity of 35.83% and a net margin of 19.64%. The business had revenue of $8.80 billion during the quarter, compared to analyst estimates of $8.89 billion. During the same quarter last year, the firm earned $6.57 earnings per share. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year.

A number of equities research analysts have weighed in on NOC shares. UBS Group raised their price objective on Northrop Grumman from $410.00 to $450.00 in a research note on Friday. Wells Fargo & Company raised their price objective on Northrop Grumman from $390.00 to $472.00 and gave the company an “equal weight” rating in a research note on Monday, March 7th. StockNews.com started coverage on Northrop Grumman in a report on Thursday, March 31st. They set a “buy” rating on the stock. Susquehanna Bancshares increased their target price on Northrop Grumman from $416.00 to $437.00 and gave the stock a “positive” rating in a report on Friday, January 28th. Finally, Jefferies Financial Group downgraded Northrop Grumman from a “buy” rating to a “hold” rating and set a $410.00 target price on the stock. in a report on Wednesday, January 5th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $436.36.

Shares of NYSE NOC opened at $439.40 on Friday. Northrop Grumman has a fifty-two week low of $344.89 and a fifty-two week high of $490.82. The business has a 50 day moving average price of $446.62 and a two-hundred day moving average price of $402.50. The company has a quick ratio of 1.22, a current ratio of 1.30 and a debt-to-equity ratio of 0.99. The firm has a market cap of $68.41 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 2.86 and a beta of 0.74.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 16th. Shareholders of record on Monday, February 28th were paid a dividend of $1.57 per share. This represents a $6.28 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, February 25th. Northrop Grumman’s payout ratio is currently 17.31%.

In other Northrop Grumman news, CAO Michael A. Hardesty sold 347 shares of Northrop Grumman stock in a transaction on Monday, February 14th. The stock was sold at an average price of $397.00, for a total transaction of $137,759.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Michael A. Hardesty sold 259 shares of Northrop Grumman stock in a transaction on Tuesday, February 22nd. The shares were sold at an average price of $394.87, for a total value of $102,271.33. The disclosure for this sale can be found here. Insiders have sold a total of 10,738 shares of company stock worth $4,485,857 in the last ninety days. 0.25% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Whittier Trust Co. increased its position in shares of Northrop Grumman by 44.0% during the 1st quarter. Whittier Trust Co. now owns 4,948 shares of the aerospace company’s stock valued at $2,213,000 after purchasing an additional 1,512 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of Northrop Grumman by 2.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,520 shares of the aerospace company’s stock valued at $680,000 after purchasing an additional 41 shares during the period. Vanguard Capital Wealth Advisors acquired a new position in shares of Northrop Grumman during the 1st quarter valued at $603,000. Illinois Municipal Retirement Fund increased its position in shares of Northrop Grumman by 21.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 3,167 shares of the aerospace company’s stock valued at $1,416,000 after purchasing an additional 560 shares during the period. Finally, Park Avenue Securities LLC grew its holdings in shares of Northrop Grumman by 5.7% in the 1st quarter. Park Avenue Securities LLC now owns 4,560 shares of the aerospace company’s stock worth $2,039,000 after acquiring an additional 246 shares during the last quarter. Institutional investors own 83.20% of the company’s stock.

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

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