Zacks: Analysts Anticipate Northrop Grumman Co. (NOC) Will Post Quarterly Sales of $6.37 Billion
Equities analysts expect Northrop Grumman Co. (NYSE:NOC) to post $6.37 billion in sales for the current quarter, Zacks reports. Five analysts have issued estimates for Northrop Grumman’s earnings, with the lowest sales estimate coming in at $6.25 billion and the highest estimate coming in at $6.51 billion. Northrop Grumman posted sales of $6.40 billion during the same quarter last year, which would indicate a negative year over year growth rate of 0.5%. The company is expected to announce its next quarterly earnings results before the market opens on Thursday, January 25th.
According to Zacks, analysts expect that Northrop Grumman will report full-year sales of $6.37 billion for the current year, with estimates ranging from $25.42 billion to $25.68 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $27.53 billion per share, with estimates ranging from $26.68 billion to $29.48 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Northrop Grumman.
Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.92 by $0.76. The business had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.33 billion. Northrop Grumman had a net margin of 9.24% and a return on equity of 39.76%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.35 EPS.
In other Northrop Grumman news, VP Sid Ashworth sold 6,311 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $298.00, for a total transaction of $1,880,678.00. Following the sale, the vice president now directly owns 63,147 shares of the company’s stock, valued at approximately $18,817,806. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Denise M. Peppard sold 2,328 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $300.86, for a total transaction of $700,402.08. Following the sale, the vice president now directly owns 28,553 shares in the company, valued at $8,590,455.58. The disclosure for this sale can be found here. Insiders have sold a total of 21,417 shares of company stock worth $6,365,189 over the last ninety days. 0.70% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in NOC. Salem Investment Counselors Inc. boosted its position in shares of Northrop Grumman by 1.2% in the second quarter. Salem Investment Counselors Inc. now owns 812 shares of the aerospace company’s stock worth $208,000 after acquiring an additional 10 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Northrop Grumman by 0.8% in the second quarter. Cetera Investment Advisers now owns 1,278 shares of the aerospace company’s stock worth $328,000 after acquiring an additional 10 shares during the last quarter. WFG Advisors LP boosted its position in shares of Northrop Grumman by 4.9% in the second quarter. WFG Advisors LP now owns 594 shares of the aerospace company’s stock worth $152,000 after acquiring an additional 28 shares during the last quarter. Bank of Hawaii boosted its position in shares of Northrop Grumman by 0.9% in the second quarter. Bank of Hawaii now owns 3,488 shares of the aerospace company’s stock worth $895,000 after acquiring an additional 30 shares during the last quarter. Finally, Mariner Wealth Advisors LLC boosted its position in shares of Northrop Grumman by 1.0% in the second quarter. Mariner Wealth Advisors LLC now owns 3,636 shares of the aerospace company’s stock worth $933,000 after acquiring an additional 36 shares during the last quarter. 81.22% of the stock is currently owned by institutional investors.
Northrop Grumman (NYSE:NOC) traded down $2.61 during trading hours on Tuesday, reaching $312.54. 736,926 shares of the company’s stock traded hands, compared to its average volume of 691,878. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 1.05. Northrop Grumman has a 52-week low of $223.88 and a 52-week high of $315.71. The stock has a market cap of $54,470.00, a P/E ratio of 23.29, a P/E/G ratio of 2.85 and a beta of 0.69.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Monday, December 4th were paid a dividend of $1.00 per share. The ex-dividend date was Friday, December 1st. This represents a $4.00 annualized dividend and a dividend yield of 1.28%. Northrop Grumman’s dividend payout ratio is currently 29.81%.
Northrop Grumman 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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