Equities research analysts expect Orbital ATK, Inc. (NYSE:OA) to report $1.16 billion in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Orbital ATK’s earnings. The highest sales estimate is $1.18 billion and the lowest is $1.12 billion. The company is scheduled to announce its next quarterly earnings results on Thursday, November 2nd.

On average, analysts expect that Orbital ATK will report full-year sales of $1.16 billion for the current year, with estimates ranging from $4.62 billion to $4.66 billion. For the next financial year, analysts forecast that the company will post sales of $4.85 billion per share, with estimates ranging from $4.78 billion to $4.90 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Orbital ATK.

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

Several research firms have recently weighed in on OA. Stifel Nicolaus reaffirmed a “buy” rating on shares of Orbital ATK in a research note on Friday. Jefferies Group LLC reaffirmed a “buy” rating and set a $122.00 price target on shares of Orbital ATK in a research note on Friday. BidaskClub downgraded shares of Orbital ATK from a “buy” rating to a “hold” rating in a research note 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 research note on Monday, July 31st. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $106.00 price target on shares of Orbital ATK in a research note on Monday, June 5th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Orbital ATK currently has a consensus rating of “Buy” and a consensus price target of $104.68.

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In related news, Director Harrison H. Schmitt sold 500 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $99.28, for a total value of $49,640.00. Following the completion of the transaction, the director now owns 11,952 shares of the company’s stock, valued at $1,186,594.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frank L. Jr. Culbertson sold 2,002 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $105.89, for a total transaction of $211,991.78. The disclosure for this sale can be found here. Insiders sold 16,674 shares of company stock valued at $1,722,611 in the last three months. 1.20% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of 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. Vanguard Group Inc. increased its position 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 last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of 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 worth $208,131,000 after buying an additional 8,339 shares during the last quarter. Iridian Asset Management LLC CT increased its position in shares of Orbital ATK by 5.6% in the second quarter. Iridian Asset Management LLC CT now owns 1,903,390 shares of the aerospace company’s stock worth $187,217,000 after buying an additional 100,824 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position 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 last quarter. 86.42% of the stock is currently owned by institutional investors and hedge funds.

Orbital ATK (NYSE OA) opened at 105.83 on Tuesday. Orbital ATK has a 12 month low of $67.04 and a 12 month high of $106.12. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 21.82 and a beta of -0.31. The stock has a 50 day moving average price of $100.78 and a 200 day moving average price of $96.97.

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

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