Northrop Grumman (NOC) to Release Earnings on Thursday

Northrop Grumman (NYSE:NOCGet Rating) is set to post its quarterly earnings results before the market opens on Thursday, January 26th. Analysts expect Northrop Grumman to post earnings of $6.60 per share for the quarter. Northrop Grumman has set its FY22 guidance at $24.50-25.10 EPS and its FY 2022 guidance at $24.50-$25.10 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Northrop Grumman (NYSE:NOCGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The aerospace company reported $5.89 EPS for the quarter, missing analysts’ consensus estimates of $6.09 by ($0.20). Northrop Grumman had a net margin of 15.69% and a return on equity of 27.99%. The company had revenue of $8.97 billion for the quarter, compared to analyst estimates of $9.15 billion. On average, analysts expect Northrop Grumman to post $25 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Northrop Grumman Price Performance

NYSE NOC opened at $459.31 on Wednesday. Northrop Grumman has a 12 month low of $364.62 and a 12 month high of $556.27. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.14 and a quick ratio of 1.05. The firm has a market capitalization of $70.69 billion, a PE ratio of 13.05, a P/E/G ratio of 8.78 and a beta of 0.60. The company’s 50 day simple moving average is $515.98 and its 200 day simple moving average is $498.32.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 14th. Investors of record on Monday, November 28th were paid a dividend of $1.73 per share. The ex-dividend date was Friday, November 25th. This represents a $6.92 dividend on an annualized basis and a dividend yield of 1.51%. Northrop Grumman’s dividend payout ratio is presently 19.66%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NOC shares. Citigroup started coverage on shares of Northrop Grumman in a research note on Thursday, December 8th. They set a “neutral” rating and a $544.00 price objective on the stock. JPMorgan Chase & Co. cut shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $490.00 target price for the company. in a report on Friday, October 14th. Royal Bank of Canada raised their target price on shares of Northrop Grumman from $550.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 28th. Robert W. Baird raised their target price on shares of Northrop Grumman from $529.00 to $570.00 in a report on Friday, October 28th. Finally, Wells Fargo & Company reduced their target price on shares of Northrop Grumman from $575.00 to $460.00 and set an “equal weight” rating for the company in a report on Wednesday, January 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $525.33.

Institutional Investors Weigh In On Northrop Grumman

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors lifted its position in Northrop Grumman by 3.0% in the 3rd quarter. Captrust Financial Advisors now owns 24,871 shares of the aerospace company’s stock worth $11,697,000 after buying an additional 714 shares in the last quarter. Neuberger Berman Group LLC lifted its position in Northrop Grumman by 1.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 63,094 shares of the aerospace company’s stock worth $29,726,000 after buying an additional 971 shares in the last quarter. Centiva Capital LP bought a new position in shares of Northrop Grumman during the 2nd quarter valued at $992,000. Wexford Capital LP bought a new position in shares of Northrop Grumman during the 2nd quarter valued at $247,000. Finally, Capital World Investors raised its holdings in shares of Northrop Grumman by 12.0% during the 1st quarter. Capital World Investors now owns 733,172 shares of the aerospace company’s stock valued at $327,889,000 after purchasing an additional 78,742 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

About Northrop Grumman

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Northrop Grumman Corporation operates as an aerospace and defense company worldwide. 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.

See Also

Earnings History for Northrop Grumman (NYSE:NOC)

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