Brokerages expect Northrop Grumman Corporation (NYSE:NOC) to post $6.32 billion in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Northrop Grumman Corporation’s earnings. The highest sales estimate is $6.39 billion and the lowest is $6.28 billion. Northrop Grumman Corporation posted sales of $6.16 billion in the same quarter last year, which suggests a positive year over year growth rate of 2.6%. The firm is scheduled to report its next earnings results on Wednesday, October 25th.

According to Zacks, analysts expect that Northrop Grumman Corporation will report full year sales of $6.32 billion for the current year, with estimates ranging from $25.24 billion to $25.74 billion. For the next year, analysts anticipate that the business will report sales of $26.76 billion per share, with estimates ranging from $26.42 billion to $27.20 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Northrop Grumman Corporation.

Northrop Grumman Corporation (NYSE:NOC) last posted its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.84 by $0.31. The firm had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.21 billion. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.85 EPS.

NOC has been the subject of several research analyst reports. Stifel Nicolaus reiterated a “hold” rating and issued a $255.00 price objective (up from $245.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Deutsche Bank AG reiterated a “buy” rating and issued a $285.00 price objective (up from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. BidaskClub upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $243.00 price objective on shares of Northrop Grumman Corporation in a report on Wednesday, June 21st. Finally, Royal Bank Of Canada set a $294.00 price objective on Northrop Grumman Corporation and gave the stock a “buy” rating in a report on Tuesday, August 29th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Northrop Grumman Corporation presently has an average rating of “Buy” and a consensus price target of $269.86.

Northrop Grumman Corporation (NYSE NOC) opened at 267.45 on Friday. The company has a 50 day moving average of $268.09 and a 200-day moving average of $254.16. Northrop Grumman Corporation has a one year low of $206.69 and a one year high of $274.61. The stock has a market capitalization of $46.56 billion, a P/E ratio of 20.43 and a beta of 0.66.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Monday, August 28th will be given a $1.00 dividend. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $4.00 annualized dividend and a yield of 1.50%. Northrop Grumman Corporation’s payout ratio is 30.56%.

In other news, VP Sid Ashworth sold 3,847 shares of Northrop Grumman Corporation stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $260.00, for a total transaction of $1,000,220.00. Following the transaction, the vice president now directly owns 69,458 shares of the company’s stock, valued at approximately $18,059,080. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Lisa R. Davis sold 367 shares of Northrop Grumman Corporation stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $263.25, for a total value of $96,612.75. Following the transaction, the vice president now directly owns 961 shares in the company, valued at $252,983.25. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Northrop Grumman Corporation by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 12,956,906 shares of the aerospace company’s stock valued at $3,326,168,000 after buying an additional 192,667 shares in the last quarter. BlackRock Inc. lifted its position in shares of Northrop Grumman Corporation by 0.9% during the 2nd quarter. BlackRock Inc. now owns 12,884,929 shares of the aerospace company’s stock valued at $3,307,687,000 after buying an additional 109,532 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Northrop Grumman Corporation by 5.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,617,954 shares of the aerospace company’s stock valued at $1,098,335,000 after buying an additional 239,260 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Northrop Grumman Corporation by 4.8% during the 2nd quarter. Alliancebernstein L.P. now owns 3,300,832 shares of the aerospace company’s stock valued at $847,357,000 after buying an additional 151,154 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Northrop Grumman Corporation by 41,518.7% during the 2nd quarter. Janus Henderson Group PLC now owns 2,919,969 shares of the aerospace company’s stock valued at $749,585,000 after buying an additional 2,912,953 shares in the last quarter. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

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About Northrop Grumman Corporation

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

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