Northrop Grumman (NOC) Set to Announce Earnings on Thursday

Northrop Grumman (NYSE:NOC) will be issuing its quarterly earnings data before the market opens on Thursday, January 25th. Analysts expect the company to announce earnings of $2.79 per share for the quarter. Northrop Grumman has set its FY17 guidance at $12.90-13.10 EPS.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.92 by $0.76. Northrop Grumman had a return on equity of 39.76% and a net margin of 9.24%. The business had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same period in the previous year, the company earned $3.35 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts expect Northrop Grumman to post $13 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Shares of Northrop Grumman (NOC) opened at $317.51 on Thursday. Northrop Grumman has a 52-week low of $223.88 and a 52-week high of $318.70. The stock has a market capitalization of $55,270.00, a PE ratio of 23.66, a PEG ratio of 2.85 and a beta of 0.69. 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 also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Monday, December 4th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Friday, December 1st. Northrop Grumman’s payout ratio is 29.81%.

In other Northrop Grumman news, VP Denise M. Peppard sold 2,328 shares of Northrop Grumman stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $300.86, for a total value of $700,402.08. Following the completion of the transaction, the vice president now directly owns 28,553 shares in the company, valued at $8,590,455.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Gloria A. Flach sold 7,741 shares of Northrop Grumman stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $296.45, for a total value of $2,294,819.45. Following the completion of the transaction, the chief operating officer now owns 77,200 shares of the company’s stock, valued at $22,885,940. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,417 shares of company stock valued at $6,365,189. 0.70% of the stock is owned by corporate insiders.

NOC has been the topic of a number of analyst reports. Bank of America set a $350.00 target price on Northrop Grumman and gave the stock a “buy” rating in a research report on Friday, October 27th. Royal Bank of Canada set a $374.00 price objective on Northrop Grumman and gave the company a “buy” rating in a report on Thursday, November 16th. Cowen reissued a “hold” rating and issued a $300.00 price objective (up from $275.00) on shares of Northrop Grumman in a report on Thursday, October 26th. Stifel Nicolaus boosted their price objective on Northrop Grumman from $255.00 to $300.00 and gave the company a “hold” rating in a report on Friday, October 27th. Finally, Zacks Investment Research lowered Northrop Grumman from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $302.21.

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About Northrop Grumman

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.

Earnings History for Northrop Grumman (NYSE:NOC)

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