Northrop Grumman (NYSE:NOC) Releases FY 2021 Earnings Guidance

Northrop Grumman (NYSE:NOC) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $25.200-$25.600 for the period, compared to the Thomson Reuters consensus estimate of $24.990. The company issued revenue guidance of $36 billion-$36 billion, compared to the consensus revenue estimate of $36.26 billion.

Several equities analysts recently commented on the company. Zacks Investment Research raised Northrop Grumman from a hold rating to a buy rating and set a $392.00 target price on the stock in a report on Wednesday, October 6th. Seaport Global Securities increased their target price on Northrop Grumman from $398.00 to $419.00 and gave the company a buy rating in a report on Monday, July 19th. The Goldman Sachs Group raised Northrop Grumman from a sell rating to a neutral rating and set a $350.00 target price on the stock in a report on Thursday, September 23rd. Finally, Wells Fargo & Company increased their target price on Northrop Grumman from $330.00 to $335.00 and gave the company an underweight rating in a report on Monday, August 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Buy and a consensus target price of $395.10.

NYSE NOC opened at $388.15 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.49 and a quick ratio of 1.39. Northrop Grumman has a 1 year low of $282.88 and a 1 year high of $408.03. The company has a market capitalization of $62.15 billion, a PE ratio of 14.01, a P/E/G ratio of 1.59 and a beta of 0.84. The company has a fifty day moving average of $366.42 and a two-hundred day moving average of $363.40.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Thursday, July 29th. The aerospace company reported $6.42 earnings per share for the quarter, topping the consensus estimate of $5.75 by $0.67. Northrop Grumman had a net margin of 12.10% and a return on equity of 39.32%. The business had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $8.71 billion. On average, research analysts expect that Northrop Grumman will post 24.83 earnings per share for the current year.

The firm also recently announced a dividend, which was paid on Thursday, September 2nd. Stockholders of record on Monday, August 23rd were paid a dividend of $0.14 per share. The ex-dividend date was Friday, August 20th. This represents a dividend yield of 0.15%. Northrop Grumman’s dividend payout ratio (DPR) is 26.55%.

In related news, VP Thomas H. Jones sold 235 shares of the firm’s stock in a transaction dated Tuesday, August 17th. The shares were sold at an average price of $370.00, for a total value of $86,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas H. Jones sold 470 shares of the stock in a transaction dated Tuesday, August 3rd. The shares were sold at an average price of $361.35, for a total transaction of $169,834.50. The disclosure for this sale can be found here. Insiders have sold 1,597 shares of company stock valued at $576,700 in the last quarter. Insiders own 0.25% of the company’s stock.

An institutional investor recently bought a new position in Northrop Grumman stock. OLD Mission Capital LLC bought a new stake in Northrop Grumman Co. (NYSE:NOC) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,886 shares of the aerospace company’s stock, valued at approximately $5,643,000. 81.91% of the stock is currently owned by institutional investors.

About Northrop Grumman

Northrop Grumman Corp. is an aerospace and defense company, which engages in the provision of security businesses. It creates and delivers platforms, systems, and solutions in autonomous systems, cyber, command, control, communications and computers, intelligence, surveillance and reconnaissance, strike, and logistics and modernization.

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Earnings History and Estimates for Northrop Grumman (NYSE:NOC)

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