Equities research analysts expect that Northrop Grumman Corporation (NYSE:NOC) will post earnings per share (EPS) of $2.77 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Northrop Grumman Corporation’s earnings, with estimates ranging from $2.63 to $2.90. Northrop Grumman Corporation reported earnings of $2.66 per share in the same quarter last year, which would suggest a positive year over year growth rate of 4.1%. The business is scheduled to announce its next earnings results on Thursday, January 25th.

According to Zacks, analysts expect that Northrop Grumman Corporation will report full year earnings of $13.20 per share for the current year, with EPS estimates ranging from $13.10 to $13.35. For the next financial year, analysts expect that the firm will report earnings of $13.53 per share, with EPS estimates ranging from $13.20 to $14.25. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Northrop Grumman Corporation.

Northrop Grumman Corporation (NYSE:NOC) last announced its earnings results on Wednesday, October 25th. The aerospace company reported $3.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.92 by $0.76. Northrop Grumman Corporation had a net margin of 9.24% and a return on equity of 39.76%. The business had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter in the prior year, the company posted $3.35 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis.

A number of analysts have issued reports on NOC shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a $285.00 price objective (up previously from $275.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Argus lifted their price objective on Northrop Grumman Corporation from $270.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Royal Bank Of Canada set a $294.00 price objective on Northrop Grumman Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 29th. BidaskClub raised Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Finally, Zacks Investment Research raised Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $305.00 price objective on the stock in a research note on Tuesday, September 5th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Northrop Grumman Corporation currently has an average rating of “Buy” and an average target price of $290.54.

Northrop Grumman Corporation (NYSE NOC) opened at $301.66 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.05 and a current ratio of 1.21. The firm has a market capitalization of $52.46 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 3.03 and a beta of 0.70.

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In related news, VP Sid Ashworth sold 6,311 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $298.00, for a total transaction of $1,880,678.00. Following the completion of the transaction, the vice president now owns 63,147 shares in the company, valued at approximately $18,817,806. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Denise M. Peppard sold 5,037 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $295.67, for a total value of $1,489,289.79. Following the transaction, the vice president now owns 58,186 shares of the company’s stock, valued at approximately $17,203,854.62. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the business. Salem Investment Counselors Inc. lifted its holdings in shares of Northrop Grumman Corporation by 1.2% in the 2nd quarter. Salem Investment Counselors Inc. now owns 812 shares of the aerospace company’s stock worth $208,000 after buying an additional 10 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Northrop Grumman Corporation by 0.8% in the 2nd quarter. Cetera Investment Advisers now owns 1,278 shares of the aerospace company’s stock worth $328,000 after buying an additional 10 shares during the period. Bank of Stockton lifted its holdings in shares of Northrop Grumman Corporation by 0.9% in the 2nd quarter. Bank of Stockton now owns 1,294 shares of the aerospace company’s stock worth $332,000 after buying an additional 12 shares during the period. Eqis Capital Management Inc. lifted its holdings in shares of Northrop Grumman Corporation by 1.0% in the 2nd quarter. Eqis Capital Management Inc. now owns 1,318 shares of the aerospace company’s stock worth $338,000 after buying an additional 13 shares during the period. Finally, Perigon Wealth Management LLC lifted its holdings in shares of Northrop Grumman Corporation by 2.8% in the 1st quarter. Perigon Wealth Management LLC now owns 546 shares of the aerospace company’s stock worth $130,000 after buying an additional 15 shares during the period. Institutional investors and hedge funds own 81.50% of the company’s stock.

Northrop Grumman Corporation Company Profile

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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