Orbital ATK, Inc. (NYSE:OA) – SunTrust Banks cut their Q3 2017 earnings estimates for shares of Orbital ATK in a report released on Friday. SunTrust Banks analyst M. Ciarmoli now expects that the aerospace company will earn $1.60 per share for the quarter, down from their prior estimate of $1.65. SunTrust Banks also issued estimates for Orbital ATK’s FY2017 earnings at $6.27 EPS, Q3 2018 earnings at $1.75 EPS, FY2018 earnings at $6.73 EPS and FY2019 earnings at $7.29 EPS.

Several other analysts have also commented on the stock. Jefferies Group LLC reissued a “buy” rating and set a $115.00 price target on shares of Orbital ATK in a research report on Wednesday, April 12th. Zacks Investment Research lowered shares of 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 report on Thursday, May 11th. Goldman Sachs Group Inc reissued a “neutral” rating and set a $106.00 price target on shares of Orbital ATK in a research report on Monday, June 5th. Finally, BidaskClub raised shares of Orbital ATK from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $104.68.

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Shares of Orbital ATK (NYSE OA) opened at 106.56 on Monday. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 21.97 and a beta of -0.31. Orbital ATK has a 1-year low of $67.04 and a 1-year high of $107.15. The firm’s 50-day moving average is $100.78 and its 200-day moving average is $96.97.

Orbital ATK (NYSE:OA) last released its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. Orbital ATK had a net margin of 6.11% and a return on equity of 15.86%. Orbital ATK’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business earned $1.35 EPS.

In other news, VP Thomas E. Mccabe sold 3,533 shares of the company’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 transaction, the vice president now owns 8,138 shares in the company, valued at $840,167.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Christine Ann Wolf sold 5,039 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $101.54, for a total transaction of $511,660.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,672 shares of company stock worth $1,510,619. Corporate insiders own 1.20% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. 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 valued at $498,857,000 after buying an additional 5,061,989 shares during the period. Vanguard Group Inc. increased its position in Orbital ATK by 5.0% in the first quarter. Vanguard Group Inc. now owns 4,752,439 shares of the aerospace company’s stock valued at $465,739,000 after buying an additional 227,516 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in Orbital ATK by 0.4% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,123,788 shares of the aerospace company’s stock valued at $208,131,000 after buying an additional 8,339 shares during the period. Iridian Asset Management LLC CT increased its position in 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 valued at $176,651,000 after buying an additional 568,164 shares during the period. Finally, Clearbridge Investments LLC increased its position in Orbital ATK by 48.3% in the first quarter. Clearbridge Investments LLC now owns 1,091,495 shares of the aerospace company’s stock valued at $106,967,000 after buying an additional 355,311 shares during the period. Hedge funds and other institutional investors own 86.31% of the company’s stock.

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.

Earnings History and Estimates for Orbital ATK (NYSE:OA)

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