Northrop Grumman (NOC) Set to Announce Quarterly Earnings on Thursday

Northrop Grumman (NYSE:NOC) is scheduled to release its earnings data before the market opens on Thursday, April 25th. Analysts expect Northrop Grumman to post earnings of $5.81 per share for the quarter. Northrop Grumman has set its FY24 guidance at $24.45-24.85 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Thursday, January 25th. The aerospace company reported $6.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.47. The company had revenue of $10.64 billion during the quarter, compared to the consensus estimate of $10.43 billion. Northrop Grumman had a net margin of 5.23% and a return on equity of 23.07%. Northrop Grumman’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $7.50 earnings per share. On average, analysts expect Northrop Grumman to post $25 EPS for the current fiscal year and $28 EPS for the next fiscal year.

Northrop Grumman Stock Performance

NYSE:NOC opened at $474.40 on Wednesday. The firm’s fifty day simple moving average is $460.67 and its 200 day simple moving average is $465.48. The company has a current ratio of 1.15, a quick ratio of 1.05 and a debt-to-equity ratio of 0.93. Northrop Grumman has a twelve month low of $414.56 and a twelve month high of $496.89. The firm has a market capitalization of $70.31 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 1.86 and a beta of 0.35.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Monday, February 26th were paid a dividend of $1.87 per share. This represents a $7.48 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, February 23rd. Northrop Grumman’s dividend payout ratio is presently 55.49%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $450.00 price target (down from $515.00) on shares of Northrop Grumman in a research report on Friday, January 26th. StockNews.com cut shares of Northrop Grumman from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Susquehanna dropped their price target on shares of Northrop Grumman from $560.00 to $540.00 and set a “positive” rating on the stock in a research note on Friday, January 26th. Alembic Global Advisors raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 price objective for the company in a research report on Monday. Finally, TheStreet lowered Northrop Grumman from a “b+” rating to a “c+” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $497.23.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, VP Kathryn G. Simpson sold 1,273 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $450.37, for a total transaction of $573,321.01. Following the completion of the sale, the vice president now owns 2,735 shares in the company, valued at $1,231,761.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, VP Kathryn G. Simpson sold 711 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $453.22, for a total value of $322,239.42. Following the sale, the vice president now owns 2,024 shares of the company’s stock, valued at approximately $917,317.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Kathryn G. Simpson sold 1,273 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $450.37, for a total value of $573,321.01. Following the transaction, the vice president now owns 2,735 shares of the company’s stock, valued at approximately $1,231,761.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,149 shares of company stock worth $1,421,147. 0.22% of the stock is currently owned by corporate insiders.

About Northrop Grumman

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.