Northrop Grumman (NYSE:NOC - Get Free Report) is anticipated to issue its quarterly earnings data 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 participating in the company's conference call can do so using this link.
Northrop Grumman (NYSE:NOC - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.07 by $0.93. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The company had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.18 billion. During the same quarter in the prior year, the firm earned $6.18 EPS. The business's revenue was up 2.3% on a year-over-year basis. On average, analysts expect Northrop Grumman to post $26 EPS for the current fiscal year and $28 EPS for the next fiscal year.
Shares of Northrop Grumman stock opened at $502.03 on Thursday. The business has a 50-day simple moving average of $478.98 and a 200 day simple moving average of $495.31. Northrop Grumman has a one year low of $418.60 and a one year high of $555.57. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.09 and a quick ratio of 0.97. The firm has a market capitalization of $73.15 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 0.91 and a beta of 0.35.
Northrop Grumman declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the aerospace company to repurchase up to 4.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd were issued a dividend of $2.06 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $8.24 annualized dividend and a dividend yield of 1.64%. Northrop Grumman's dividend payout ratio is 51.05%.
A number of research firms have issued reports on NOC. UBS Group lifted their price target on Northrop Grumman from $614.00 to $643.00 and gave the company a "buy" rating in a research note on Friday, October 25th. StockNews.com raised Northrop Grumman from a "buy" rating to a "strong-buy" rating in a research report on Sunday. Truist Financial assumed coverage on Northrop Grumman in a research report on Tuesday, January 14th. They issued a "buy" rating and a $544.00 price target for the company. Susquehanna cut their price objective on shares of Northrop Grumman from $625.00 to $557.00 and set a "positive" rating on the stock in a report on Wednesday, January 8th. Finally, Wells Fargo & Company upgraded shares of Northrop Grumman from an "equal weight" rating to an "overweight" rating and set a $595.00 target price for the company in a research note on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Northrop Grumman presently has an average rating of "Moderate Buy" and a consensus price target of $550.94.
View Our Latest Stock Analysis on NOC
In other news, VP Benjamin R. Davies sold 1,156 shares of Northrop Grumman stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $532.93, for a total value of $616,067.08. Following the completion of the transaction, the vice president now owns 537 shares in the company, valued at $286,183.41. This trade represents a 68.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 1,255 shares of company stock valued at $663,859. 0.22% of the stock is owned by company insiders.
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.
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