Zacks: Analysts Anticipate Orbital ATK Inc (OA) to Announce $1.43 EPS
Equities analysts expect Orbital ATK Inc (NYSE:OA) to announce $1.43 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Orbital ATK’s earnings. The lowest EPS estimate is $1.33 and the highest is $1.53. Orbital ATK posted earnings per share of $1.35 during the same quarter last year, which suggests a positive year over year growth rate of 5.9%. The company is scheduled to issue its next earnings results on Wednesday, August 9th.
On average, analysts expect that Orbital ATK will report full-year earnings of $6.03 per share for the current fiscal year, with EPS estimates ranging from $5.83 to $6.20. For the next year, analysts anticipate that the firm will post earnings of $6.70 per share, with EPS estimates ranging from $6.55 to $7.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Orbital ATK.
Orbital ATK (NYSE:OA) last posted its earnings results on Thursday, May 11th. The aerospace company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by $0.14. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. Orbital ATK had a return on equity of 16.55% and a net margin of 5.94%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.44 earnings per share.
Several research firms recently issued reports on OA. Zacks Investment Research cut Orbital ATK from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. Cowen and Company reissued a “buy” rating on shares of Orbital ATK in a research note on Thursday, May 11th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $115.00 price target on shares of Orbital ATK in a report on Wednesday, April 12th. Stifel Nicolaus decreased their target price on shares of Orbital ATK from $120.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, March 9th. Finally, Barclays PLC restated an “overweight” rating and set a $105.00 target price (up from $97.00) on shares of Orbital ATK in a research report on Saturday, March 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $102.97.
In other Orbital ATK news, Director Harrison H. Schmitt sold 1,000 shares of the firm’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $99.01, for a total transaction of $99,010.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Thomas E. Mccabe sold 1,922 shares of the firm’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $99.00, for a total value of $190,278.00. Following the transaction, the vice president now owns 5,539 shares in the company, valued at approximately $548,361. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in OA. Point72 Europe London LLP boosted its stake in Orbital ATK by 28.3% in the first quarter. Point72 Europe London LLP now owns 54,371 shares of the aerospace company’s stock valued at $5,328,000 after buying an additional 12,000 shares during the last quarter. Bragg Financial Advisors Inc raised its position in shares of Orbital ATK by 0.4% in the first quarter. Bragg Financial Advisors Inc now owns 57,669 shares of the aerospace company’s stock worth $5,652,000 after buying an additional 240 shares in the last quarter. First Financial Equity Corporation purchased a new position in shares of Orbital ATK during the first quarter worth approximately $418,000. Paloma Partners Management Co purchased a new position in shares of Orbital ATK during the first quarter worth approximately $1,280,000. Finally, Investment Centers of America Inc. raised its position in shares of Orbital ATK by 24.0% in the first quarter. Investment Centers of America Inc. now owns 4,729 shares of the aerospace company’s stock worth $467,000 after buying an additional 915 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.
Shares of Orbital ATK (NYSE:OA) traded up 1.13% during midday trading on Thursday, hitting $102.04. The stock had a trading volume of 295,965 shares. The firm’s 50-day moving average price is $97.90 and its 200-day moving average price is $92.08. Orbital ATK has a 1-year low of $67.04 and a 1-year high of $102.71. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 21.04 and a beta of -0.25.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Wednesday, June 7th will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, June 5th. This represents a $1.28 annualized dividend and a dividend yield of 1.27%. Orbital ATK’s dividend payout ratio is 27.15%.
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About Orbital ATK
Orbital ATK, Inc is an aerospace and defense systems company and supplier of related products to the United States Government, allied nations, prime contractors and other customers. The Company’s segments include Flight Systems Group, Defense Systems Group, Space Systems Group and Corporate. Its products include launch vehicles and related propulsion systems; satellites and associated components and services; tactical missiles, subsystems and defense electronics, and precision weapons, armament systems and ammunition.
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