Northrop Grumman (NYSE:NOC) Updates FY20 Earnings Guidance
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.
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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