Northrop Grumman (NYSE:NOC) issued an update on its FY20 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $22.00-22.40 for the period, compared to the Thomson Reuters consensus estimate of $22.12. The company issued revenue guidance of $35.3-35.6 million, compared to the consensus revenue estimate of $35.22 billion.Northrop Grumman also updated its FY 2020
Pre-Market guidance to 22.00-22.40 EPS.

Shares of NOC opened at $325.01 on Friday. The company has a market cap of $54.18 billion, a PE ratio of 22.86 and a beta of 0.79. The business has a fifty day moving average of $308.15 and a 200 day moving average of $332.27. Northrop Grumman has a 52-week low of $263.31 and a 52-week high of $385.01. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 1.61.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Thursday, July 30th. The aerospace company reported $6.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.32 by $0.69. The company had revenue of $8.88 billion during the quarter, compared to the consensus estimate of $8.66 billion. Northrop Grumman had a return on equity of 40.24% and a net margin of 6.91%. Northrop Grumman’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the company earned $5.06 earnings per share. As a group, research analysts anticipate that Northrop Grumman will post 22.2 earnings per share for the current fiscal year.

Several analysts have recently weighed in on NOC shares. Seaport Global Securities started coverage on Northrop Grumman in a research report on Tuesday, May 19th. They set a buy rating and a $398.00 target price for the company. UBS Group cut their price target on Northrop Grumman from $410.00 to $373.00 and set a neutral rating on the stock in a research note on Thursday, June 11th. Jefferies Financial Group restated a buy rating and set a $375.00 price target on shares of Northrop Grumman in a research note on Thursday, June 25th. Royal Bank of Canada raised their price target on Northrop Grumman from $366.00 to $391.00 and gave the company a sector perform rating in a research note on Friday. Finally, TheStreet lowered Northrop Grumman from a b- rating to a c rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. Northrop Grumman currently has a consensus rating of Hold and an average target price of $385.00.

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.

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

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