Northrop Grumman Co. (NOC) Expected to Post Quarterly Sales of $6.37 Billion

Equities research analysts predict that Northrop Grumman Co. (NYSE:NOC) will announce $6.37 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Northrop Grumman’s earnings, with the highest sales estimate coming in at $6.51 billion and the lowest estimate coming in at $6.25 billion. Northrop Grumman posted sales of $6.40 billion in the same quarter last year, which would indicate a negative year over year growth rate of 0.5%. The business is scheduled to report its next quarterly earnings report on Thursday, January 25th.

On average, analysts expect that Northrop Grumman will report full-year sales of $6.37 billion for the current financial year, with estimates ranging from $25.42 billion to $25.68 billion. For the next year, analysts forecast that the business will post sales of $27.53 billion per share, with estimates ranging from $26.68 billion to $29.48 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Northrop Grumman.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.68 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.76. The firm had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.33 billion. Northrop Grumman had a net margin of 9.24% and a return on equity of 39.76%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.35 EPS.

NOC has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Northrop Grumman from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Royal Bank of Canada set a $294.00 price target on shares of Northrop Grumman and gave the company a “buy” rating in a research report on Tuesday, August 29th. Bank of America set a $350.00 price objective on shares of Northrop Grumman and gave the stock a “buy” rating in a report on Friday, October 27th. Deutsche Bank reaffirmed a “buy” rating and set a $325.00 price objective (up from $285.00) on shares of Northrop Grumman in a report on Monday, October 2nd. Finally, Goldman Sachs Group set a $320.00 price objective on shares of Northrop Grumman and gave the stock a “buy” rating in a report on Thursday, October 26th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $298.67.

Northrop Grumman (NYSE:NOC) traded up $2.72 on Wednesday, hitting $307.28. 978,300 shares of the stock were exchanged, compared to its average volume of 781,103. The stock has a market cap of $53,017.34, a price-to-earnings ratio of 23.21, a P/E/G ratio of 3.06 and a beta of 0.69. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 1.05. Northrop Grumman has a 12-month low of $223.88 and a 12-month high of $309.76.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Monday, December 4th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Friday, December 1st. Northrop Grumman’s dividend payout ratio is currently 29.81%.

In other Northrop Grumman news, COO Gloria A. Flach sold 7,741 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $296.45, for a total value of $2,294,819.45. Following the completion of the sale, the chief operating officer now directly owns 77,200 shares of the company’s stock, valued at $22,885,940. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sid Ashworth sold 6,311 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $298.00, for a total transaction of $1,880,678.00. Following the completion of the sale, the vice president now directly owns 63,147 shares of the company’s stock, valued at $18,817,806. The disclosure for this sale can be found here. Insiders have sold a total of 21,417 shares of company stock valued at $6,365,189 over the last ninety days. 0.70% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Salem Investment Counselors Inc. lifted its stake in Northrop Grumman by 1.2% in the second quarter. Salem Investment Counselors Inc. now owns 812 shares of the aerospace company’s stock worth $208,000 after purchasing an additional 10 shares during the last quarter. Cetera Investment Advisers lifted its stake in Northrop Grumman by 0.8% in the second quarter. Cetera Investment Advisers now owns 1,278 shares of the aerospace company’s stock worth $328,000 after purchasing an additional 10 shares during the last quarter. Parallel Advisors LLC lifted its stake in Northrop Grumman by 0.5% in the second quarter. Parallel Advisors LLC now owns 3,013 shares of the aerospace company’s stock worth $793,000 after purchasing an additional 16 shares during the last quarter. Pointe Capital Management LLC lifted its stake in Northrop Grumman by 1.6% in the second quarter. Pointe Capital Management LLC now owns 1,101 shares of the aerospace company’s stock worth $283,000 after purchasing an additional 17 shares during the last quarter. Finally, Ray Gerald L & Associates Ltd. lifted its stake in Northrop Grumman by 1.6% in the second quarter. Ray Gerald L & Associates Ltd. now owns 1,236 shares of the aerospace company’s stock worth $317,000 after purchasing an additional 20 shares during the last quarter. 81.33% of the stock is owned by institutional investors and hedge funds.

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Northrop Grumman Company Profile

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

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