Jefferies Group Weighs in on Orbital ATK, Inc.’s FY2017 Earnings (NYSE:OA)
Orbital ATK, Inc. (NYSE:OA) – Investment analysts at Jefferies Group boosted their FY2017 EPS estimates for shares of Orbital ATK in a research note issued on Thursday. Jefferies Group analyst H. Rubel now forecasts that the aerospace company will earn $6.15 per share for the year, up from their prior forecast of $6.00. Jefferies Group has a “Buy” rating and a $122.00 price objective on the stock. Jefferies Group also issued estimates for Orbital ATK’s Q4 2017 earnings at $1.79 EPS.
A number of other analysts also recently weighed in on the stock. Stifel Nicolaus reissued a “buy” rating on shares of Orbital ATK in a report on Friday. BidaskClub downgraded shares of Orbital ATK from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research raised shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Monday, July 31st. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $106.00 price target on shares of Orbital ATK in a report on Monday, June 5th. Finally, Cowen and Company reissued a “buy” rating on shares of Orbital ATK in a report on Thursday, May 11th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Orbital ATK currently has a consensus rating of “Buy” and a consensus price target of $104.68.
Orbital ATK (NYSE:OA) last released its earnings results on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.11. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. Orbital ATK had a net margin of 6.11% and a return on equity of 15.86%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.35 EPS.
In other news, VP Thomas E. Mccabe sold 3,533 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $103.24, for a total transaction of $364,746.92. Following the completion of the transaction, the vice president now directly owns 8,138 shares of the company’s stock, valued at approximately $840,167.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harrison H. Schmitt sold 500 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $99.28, for a total transaction of $49,640.00. Following the transaction, the director now directly owns 11,952 shares of the company’s stock, valued at $1,186,594.56. The disclosure for this sale can be found here. Insiders have sold a total of 14,672 shares of company stock valued at $1,510,619 over the last ninety days. 1.20% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Orbital ATK by 17,832.1% in the first quarter. BlackRock Inc. now owns 5,090,376 shares of the aerospace company’s stock worth $498,857,000 after buying an additional 5,061,989 shares during the last quarter. Iridian Asset Management LLC CT boosted its stake in shares of Orbital ATK by 46.0% in the first quarter. Iridian Asset Management LLC CT now owns 1,802,566 shares of the aerospace company’s stock worth $176,651,000 after buying an additional 568,164 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Orbital ATK by 48.3% in the first quarter. Clearbridge Investments LLC now owns 1,091,495 shares of the aerospace company’s stock worth $106,967,000 after buying an additional 355,311 shares during the period. Scout Investments Inc. boosted its stake in shares of Orbital ATK by 188.8% in the first quarter. Scout Investments Inc. now owns 364,187 shares of the aerospace company’s stock worth $31,662,000 after buying an additional 238,087 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Orbital ATK by 5.0% in the first quarter. Vanguard Group Inc. now owns 4,752,439 shares of the aerospace company’s stock worth $465,739,000 after buying an additional 227,516 shares during the period. 86.42% of the stock is owned by institutional investors.
Orbital ATK Company Profile
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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