Brokerages expect Northrop Grumman Co. (NYSE:NOC) to report earnings per share (EPS) of $4.33 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Northrop Grumman’s earnings, with the lowest EPS estimate coming in at $4.21 and the highest estimate coming in at $4.57. Northrop Grumman reported earnings of $3.68 per share in the same quarter last year, which would indicate a positive year over year growth rate of 17.7%. The company is expected to issue its next quarterly earnings report on Wednesday, October 24th.

According to Zacks, analysts expect that Northrop Grumman will report full year earnings of $16.84 per share for the current fiscal year, with EPS estimates ranging from $16.71 to $17.00. For the next year, analysts forecast that the business will report earnings of $18.88 per share, with EPS estimates ranging from $18.35 to $19.70. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Northrop Grumman.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Wednesday, July 25th. The aerospace company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $3.84 by $0.09. Northrop Grumman had a return on equity of 34.88% and a net margin of 8.33%. The company had revenue of $7.12 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same period in the prior year, the firm earned $3.16 earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year.

NOC has been the topic of a number of recent research reports. Buckingham Research raised Northrop Grumman from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $246.00 to $371.00 in a research report on Tuesday, July 31st. They noted that the move was a valuation call. Zacks Investment Research raised Northrop Grumman from a “hold” rating to a “buy” rating and set a $379.00 price objective on the stock in a research report on Monday, June 11th. Goldman Sachs Group cut their price objective on Northrop Grumman to $414.00 and set a “conviction-buy” rating on the stock in a research report on Thursday, July 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $300.00 price objective on shares of Northrop Grumman in a research report on Thursday, July 26th. Finally, ValuEngine lowered Northrop Grumman from a “buy” rating to a “hold” rating in a research report on Tuesday, June 12th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Northrop Grumman currently has an average rating of “Buy” and an average target price of $362.16.

Shares of Northrop Grumman stock traded up $6.61 during trading hours on Tuesday, reaching $317.63. 1,310,000 shares of the company were exchanged, compared to its average volume of 1,111,770. Northrop Grumman has a 1 year low of $275.02 and a 1 year high of $360.88. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $53.52 billion, a P/E ratio of 23.64, a P/E/G ratio of 1.63 and a beta of 0.68.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 12th. Investors of record on Monday, August 27th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Friday, August 24th. Northrop Grumman’s dividend payout ratio (DPR) is presently 36.14%.

In related news, VP Mark A. Caylor sold 4,543 shares of the stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $297.45, for a total value of $1,351,315.35. Following the transaction, the vice president now owns 24,592 shares of the company’s stock, valued at $7,314,890.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David T. Perry sold 4,425 shares of the stock in a transaction on Monday, July 30th. The shares were sold at an average price of $300.27, for a total value of $1,328,694.75. Following the completion of the transaction, the vice president now directly owns 28,112 shares in the company, valued at approximately $8,441,190.24. The disclosure for this sale can be found here. Insiders sold 31,475 shares of company stock worth $9,390,331 in the last three months. 0.62% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Northrop Grumman during the second quarter worth about $114,000. Meeder Asset Management Inc. purchased a new position in shares of Northrop Grumman during the second quarter worth about $115,000. Fort L.P. purchased a new position in shares of Northrop Grumman during the second quarter worth about $117,000. Kaizen Advisory LLC grew its holdings in shares of Northrop Grumman by 156.2% during the second quarter. Kaizen Advisory LLC now owns 433 shares of the aerospace company’s stock worth $133,000 after purchasing an additional 264 shares during the last quarter. Finally, Sun Life Financial INC grew its holdings in shares of Northrop Grumman by 71.0% during the second quarter. Sun Life Financial INC now owns 472 shares of the aerospace company’s stock worth $145,000 after purchasing an additional 196 shares during the last quarter. 81.45% of the stock is currently owned by hedge funds and other institutional investors.

Northrop Grumman Company Profile

Northrop Grumman Corporation operates as a security company for government and commercial customers worldwide. It provides products, systems, and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR); strike; and logistics and modernization.

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

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