Wall Street brokerages expect that Northrop Grumman Co. (NYSE:NOC) will post earnings per share (EPS) of $4.59 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Northrop Grumman’s earnings, with estimates ranging from $4.47 to $4.67. Northrop Grumman posted earnings of $4.21 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 9%. The business is expected to issue its next quarterly earnings results before the market opens on Wednesday, April 24th.

According to Zacks, analysts expect that Northrop Grumman will report full year earnings of $18.94 per share for the current fiscal year, with EPS estimates ranging from $18.59 to $19.15. For the next year, analysts anticipate that the business will report earnings of $21.95 per share, with EPS estimates ranging from $21.50 to $22.25. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Northrop Grumman.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Thursday, January 31st. The aerospace company reported $4.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.48. Northrop Grumman had a net margin of 9.73% and a return on equity of 41.24%. The business had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the previous year, the firm earned $2.82 earnings per share.

Several analysts have weighed in on NOC shares. ValuEngine lowered shares of Northrop Grumman from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. Susquehanna Bancshares started coverage on shares of Northrop Grumman in a research note on Thursday, January 10th. They set a “neutral” rating and a $273.00 target price for the company. Credit Suisse Group upgraded shares of Northrop Grumman from a “neutral” rating to an “outperform” rating and lowered their target price for the company from $311.00 to $302.00 in a research note on Monday, January 14th. They noted that the move was a valuation call. Citigroup lowered their target price on shares of Northrop Grumman from $350.00 to $333.00 and set a “buy” rating for the company in a research note on Monday, January 14th. Finally, Cowen reiterated a “hold” rating and set a $300.00 target price on shares of Northrop Grumman in a research note on Thursday, January 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $338.72.

NOC stock opened at $282.89 on Thursday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.17 and a quick ratio of 1.09. Northrop Grumman has a 1-year low of $223.63 and a 1-year high of $359.35. The firm has a market cap of $47.80 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 1.16 and a beta of 0.88.

In related news, Chairman Wesley G. Bush sold 86,500 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $287.28, for a total value of $24,849,720.00. Following the completion of the sale, the chairman now owns 39,937 shares of the company’s stock, valued at $11,473,101.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mark A. Caylor sold 9,501 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $285.45, for a total transaction of $2,712,060.45. Following the completion of the sale, the vice president now directly owns 25,280 shares of the company’s stock, valued at approximately $7,216,176. The disclosure for this sale can be found here. Insiders have sold 119,197 shares of company stock valued at $34,247,476 in the last 90 days. Insiders own 0.45% of the company’s stock.

A number of hedge funds have recently bought and sold shares of NOC. Standard Life Aberdeen plc lifted its holdings in Northrop Grumman by 3.2% in the third quarter. Standard Life Aberdeen plc now owns 116,641 shares of the aerospace company’s stock worth $37,022,000 after purchasing an additional 3,592 shares during the period. Vident Investment Advisory LLC lifted its holdings in Northrop Grumman by 18.4% in the third quarter. Vident Investment Advisory LLC now owns 1,603 shares of the aerospace company’s stock worth $509,000 after purchasing an additional 249 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Northrop Grumman by 2.6% in the third quarter. Thrivent Financial for Lutherans now owns 55,336 shares of the aerospace company’s stock worth $17,562,000 after purchasing an additional 1,379 shares during the period. HPM Partners LLC lifted its holdings in Northrop Grumman by 41.0% in the third quarter. HPM Partners LLC now owns 2,682 shares of the aerospace company’s stock worth $851,000 after purchasing an additional 780 shares during the period. Finally, Glenmede Trust Co. NA lifted its holdings in Northrop Grumman by 18.1% in the third quarter. Glenmede Trust Co. NA now owns 11,548 shares of the aerospace company’s stock worth $3,664,000 after purchasing an additional 1,771 shares during the period. 83.98% of the stock is owned by institutional investors and hedge funds.

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.

Recommended Story: What is net income?

Get a free copy of the Zacks research report on Northrop Grumman (NOC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Northrop Grumman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman and related companies with MarketBeat.com's FREE daily email newsletter.