Northrop Grumman (NOC) Scheduled to Post Earnings on Thursday

Northrop Grumman (NYSE:NOC) will be posting its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Northrop Grumman to post earnings of $6.05 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Northrop Grumman (NYSE:NOC) last released its earnings results on Thursday, July 25th. The aerospace company reported $6.36 earnings per share for the quarter, topping the consensus estimate of $5.93 by $0.43. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The company had revenue of $10.22 billion during the quarter, compared to the consensus estimate of $10.02 billion. During the same quarter in the previous year, the firm earned $5.34 EPS. The company’s revenue was up 6.7% on a year-over-year basis. On average, analysts expect Northrop Grumman to post $25 EPS for the current fiscal year and $28 EPS for the next fiscal year.

Northrop Grumman Price Performance

Shares of NOC opened at $520.32 on Wednesday. The stock has a 50 day moving average of $522.66 and a 200-day moving average of $480.04. Northrop Grumman has a 52 week low of $418.60 and a 52 week high of $555.57. The firm has a market cap of $77.00 billion, a price-to-earnings ratio of 36.39, a PEG ratio of 2.44 and a beta of 0.34. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 1.03.

Northrop Grumman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were given a $2.06 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.58%. Northrop Grumman’s payout ratio is currently 57.62%.

Insiders Place Their Bets

In other news, VP Thomas H. Jones sold 1,390 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total transaction of $695,000.00. Following the completion of the transaction, the vice president now directly owns 4,634 shares in the company, valued at $2,317,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total value of $695,000.00. Following the completion of the transaction, the vice president now owns 4,634 shares of the company’s stock, valued at $2,317,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Thomas H. Jones sold 1,389 shares of Northrop Grumman stock in a transaction on Friday, July 26th. The stock was sold at an average price of $477.56, for a total transaction of $663,330.84. Following the sale, the vice president now owns 6,755 shares in the company, valued at $3,225,917.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,879 shares of company stock valued at $1,410,703 in the last quarter. Insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

NOC has been the subject of a number of analyst reports. UBS Group boosted their target price on shares of Northrop Grumman from $593.00 to $605.00 and gave the company a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. lifted their price target on Northrop Grumman from $500.00 to $560.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Royal Bank of Canada increased their target price on Northrop Grumman from $475.00 to $500.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and lifted their target price for the company from $474.00 to $575.00 in a research note on Monday, July 29th. Finally, BTIG Research started coverage on shares of Northrop Grumman in a research note on Wednesday, June 26th. They issued a “buy” rating and a $565.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $535.00.

Northrop Grumman Company Profile

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.