Northrop Grumman (NOC) Expected to Announce Quarterly Earnings on Thursday

Northrop Grumman (NYSE:NOCGet Free Report) is projected to announce its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $6.24 per share and revenue of $10,950,515.60 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Northrop Grumman Trading Up 1.2 %

Shares of NYSE:NOC opened at $503.09 on Tuesday. Northrop Grumman has a fifty-two week low of $418.60 and a fifty-two week high of $555.57. The company has a market cap of $73.30 billion, a PE ratio of 31.17, a P/E/G ratio of 0.95 and a beta of 0.35. The company’s 50-day moving average price is $478.66 and its 200 day moving average price is $496.86. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.00.

Northrop Grumman announced that its board has approved a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the aerospace company to repurchase up to 4.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, December 2nd were given a dividend of $2.06 per share. The ex-dividend date was Monday, December 2nd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.64%. Northrop Grumman’s dividend payout ratio (DPR) is 51.05%.

Wall Street Analyst Weigh In

NOC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Northrop Grumman from $500.00 to $560.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. TD Cowen raised shares of Northrop Grumman to a “hold” rating in a research note on Tuesday, October 8th. Truist Financial started coverage on shares of Northrop Grumman in a research note on Tuesday, January 14th. They issued a “buy” rating and a $544.00 price objective on the stock. Wells Fargo & Company raised shares of Northrop Grumman from an “equal weight” rating to an “overweight” rating and set a $595.00 price objective on the stock in a research note on Wednesday, January 8th. Finally, UBS Group lifted their price objective on shares of Northrop Grumman from $614.00 to $643.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Northrop Grumman has a consensus rating of “Moderate Buy” and a consensus price target of $550.94.

Get Our Latest Report on Northrop Grumman

Insider Activity at Northrop Grumman

In related news, VP Benjamin R. Davies sold 1,156 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $532.93, for a total transaction of $616,067.08. Following the transaction, the vice president now directly owns 537 shares of the company’s stock, valued at approximately $286,183.41. The trade was a 68.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders have sold 1,255 shares of company stock valued at $663,859. Corporate insiders own 0.22% of the company’s stock.

Northrop Grumman Company Profile

(Get Free Report)

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.

Further Reading

Earnings History for Northrop Grumman (NYSE:NOC)

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