Wall Street brokerages expect Northrop Grumman Co. (NYSE:NOC) to post $5.38 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have issued estimates for Northrop Grumman’s earnings, with estimates ranging from $5.14 to $5.52. Northrop Grumman reported earnings per share of $5.06 in the same quarter last year, which suggests a positive year-over-year growth rate of 6.3%. The company is scheduled to issue its next earnings report on Wednesday, July 22nd.

According to Zacks, analysts expect that Northrop Grumman will report full year earnings of $22.12 per share for the current financial year, with EPS estimates ranging from $21.90 to $22.25. For the next year, analysts anticipate that the firm will post earnings of $25.28 per share, with EPS estimates ranging from $23.90 to $26.20. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Northrop Grumman.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Wednesday, April 29th. The aerospace company reported $5.15 EPS for the quarter, missing the consensus estimate of $5.51 by ($0.36). The company had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.54 billion. Northrop Grumman had a net margin of 6.57% and a return on equity of 39.22%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.06 earnings per share.

Several equities research analysts have issued reports on the company. Seaport Global Securities assumed coverage on Northrop Grumman in a report on Tuesday, May 19th. They set a “buy” rating and a $398.00 price objective on the stock. ValuEngine downgraded Northrop Grumman from a “hold” rating to a “sell” rating in a report on Wednesday, June 3rd. Sanford C. Bernstein upgraded Northrop Grumman from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $438.00 to $386.00 in a report on Monday, March 30th. Zacks Investment Research upgraded Northrop Grumman from a “sell” rating to a “hold” rating and set a $320.00 price objective on the stock in a report on Thursday, June 25th. Finally, Morgan Stanley lifted their price objective on Northrop Grumman from $380.00 to $412.00 and gave the stock an “overweight” rating in a report on Tuesday, April 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $380.46.

Several hedge funds and other institutional investors have recently modified their holdings of NOC. Orser Capital Management LLC increased its holdings in shares of Northrop Grumman by 3.3% in the 4th quarter. Orser Capital Management LLC now owns 7,494 shares of the aerospace company’s stock valued at $2,616,000 after acquiring an additional 239 shares during the last quarter. S.E.E.D. Planning Group LLC acquired a new position in Northrop Grumman during the 4th quarter valued at approximately $209,000. Mine & Arao Wealth Creation & Management LLC. acquired a new position in Northrop Grumman during the 4th quarter valued at approximately $654,000. Victory Capital Management Inc. boosted its position in Northrop Grumman by 6.4% during the 4th quarter. Victory Capital Management Inc. now owns 84,008 shares of the aerospace company’s stock valued at $28,896,000 after purchasing an additional 5,017 shares during the period. Finally, Acadian Asset Management LLC boosted its position in Northrop Grumman by 2.4% during the 4th quarter. Acadian Asset Management LLC now owns 2,957 shares of the aerospace company’s stock valued at $1,017,000 after purchasing an additional 69 shares during the period. Institutional investors and hedge funds own 83.94% of the company’s stock.

Shares of NYSE:NOC traded down $3.42 during mid-day trading on Thursday, hitting $305.60. 9,077 shares of the company traded hands, compared to its average volume of 1,040,899. The firm has a market cap of $51.11 billion, a P/E ratio of 23.10 and a beta of 0.80. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.21 and a current ratio of 1.29. Northrop Grumman has a 52-week low of $263.31 and a 52-week high of $385.01. The firm’s 50 day simple moving average is $324.23 and its 200 day simple moving average is $339.81.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were issued a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.90%. This is an increase from Northrop Grumman’s previous quarterly dividend of $1.32. The ex-dividend date of this dividend was Friday, May 29th. Northrop Grumman’s payout ratio is 27.35%.

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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