Northrop Grumman Corp. (NOC) Posts Quarterly Results
Northrop Grumman Corp. (NYSE:NOC) posted its quarterly earnings results on Wednesday. The company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.32, American Banking and Market News reports. The company had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $5.96 billion.
NOC has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Northrop Grumman Corp. in a research note to investors on Monday, August 26th. They now have a $99.00 price target on the stock. On the ratings front, analysts at UBS AG upgraded shares of Northrop Grumman Corp. from a “sell” rating to a “neutral” rating in a research note to investors on Monday, August 19th. They now have a $94.00 price target on the stock, up previously from $78.00. Finally, analysts at Barclays raised their price target on shares of Northrop Grumman Corp. from $69.00 to $95.00 in a research note to investors on Monday, August 12th. They now have an “equal weight” rating on the stock. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Northrop Grumman Corp. presently has a consensus rating of “Hold” and a consensus target price of $91.08.
Shares of Northrop Grumman Corp. (NYSE:NOC) opened at 101.46 on Wednesday. Northrop Grumman Corp. has a 1-year low of $62.80 and a 1-year high of $96.42. The stock has a 50-day moving average of $93.92 and a 200-day moving average of $81.24. The company has a market cap of $23.353 billion and a P/E ratio of 12.61.
Northrop Grumman Corporation (NYSE:NOC) provides products, services, and integrated solutions in aerospace, electronics, information and services to its global customers.
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