Brokerages expect Northrop Grumman Co. (NYSE:NOC) to report $4.74 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Northrop Grumman’s earnings, with the highest EPS estimate coming in at $4.84 and the lowest estimate coming in at $4.65. Northrop Grumman reported earnings of $6.54 per share during the same quarter last year, which indicates a negative year over year growth rate of 27.5%. The business is scheduled to report its next quarterly earnings report on Wednesday, October 23rd.

According to Zacks, analysts expect that Northrop Grumman will report full-year earnings of $19.63 per share for the current fiscal year, with EPS estimates ranging from $19.40 to $19.95. For the next fiscal year, analysts forecast that the business will report earnings of $22.39 per share, with EPS estimates ranging from $21.50 to $23.22. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Northrop Grumman.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $5.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.64 by $0.42. Northrop Grumman had a return on equity of 42.21% and a net margin of 9.80%. The business had revenue of $8.46 billion during the quarter, compared to analysts’ expectations of $8.41 billion. During the same quarter in the prior year, the business earned $4.50 earnings per share. The company’s quarterly revenue was up 18.8% compared to the same quarter last year.

Several equities research analysts have recently commented on the company. Robert W. Baird upped their price target on Northrop Grumman from $300.00 to $364.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. Morgan Stanley upgraded Northrop Grumman from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $335.00 to $418.00 in a research note on Tuesday, August 6th. Alembic Global Advisors upgraded Northrop Grumman from a “neutral” rating to an “overweight” rating in a research note on Tuesday, April 30th. ValuEngine upgraded Northrop Grumman from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. Finally, Credit Suisse Group upped their price target on Northrop Grumman from $364.00 to $385.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $345.93.

Shares of Northrop Grumman stock traded up $2.69 during trading hours on Friday, hitting $367.91. 827,300 shares of the company were exchanged, compared to its average volume of 1,037,315. Northrop Grumman has a 1 year low of $223.63 and a 1 year high of $377.34. The company has a current ratio of 1.25, a quick ratio of 1.15 and a debt-to-equity ratio of 1.62. The business has a 50-day moving average of $339.56 and a 200-day moving average of $302.60. The stock has a market capitalization of $61.79 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 1.50 and a beta of 0.81.

In other Northrop Grumman news, VP Patrick M. Antkowiak sold 1,932 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $310.00, for a total value of $598,920.00. Following the completion of the transaction, the vice president now owns 5,208 shares in the company, valued at $1,614,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Madeleine Kleiner sold 971 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $315.16, for a total value of $306,020.36. Following the completion of the transaction, the director now owns 16,675 shares of the company’s stock, valued at approximately $5,255,293. The disclosure for this sale can be found here. Insiders sold 14,740 shares of company stock valued at $5,087,496 in the last quarter. 0.45% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in NOC. CHURCHILL MANAGEMENT Corp acquired a new stake in Northrop Grumman in the second quarter valued at $9,784,000. Sciencast Management LP acquired a new stake in Northrop Grumman in the first quarter valued at $2,442,000. Trust Co. of Toledo NA OH acquired a new stake in Northrop Grumman in the first quarter valued at $231,000. Virtu Financial LLC acquired a new stake in Northrop Grumman in the first quarter valued at $2,041,000. Finally, First Personal Financial Services grew its holdings in Northrop Grumman by 6.5% in the first quarter. First Personal Financial Services now owns 658 shares of the aerospace company’s stock valued at $177,000 after purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Northrop Grumman Company Profile

Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.

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

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