Northrop Grumman (NYSE:NOC) Releases Earnings Results

Northrop Grumman (NYSE:NOC) announced its quarterly earnings data on Thursday. The aerospace company reported $6.36 EPS for the quarter, beating analysts’ consensus estimates of $5.93 by $0.43, Briefing.com reports. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The company had revenue of $10.22 billion for the quarter, compared to the consensus estimate of $10.02 billion. During the same period in the prior year, the firm posted $5.34 EPS. The company’s quarterly revenue was up 6.7% compared to the same quarter last year.

Northrop Grumman Price Performance

NOC opened at $480.30 on Friday. The company’s 50 day simple moving average is $441.47 and its 200 day simple moving average is $455.46. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.02 and a current ratio of 1.11. Northrop Grumman has a 1 year low of $414.56 and a 1 year high of $496.89. The stock has a market capitalization of $71.08 billion, a PE ratio of 33.59, a P/E/G ratio of 2.16 and a beta of 0.33.

Northrop Grumman Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Tuesday, May 28th were given a $2.06 dividend. The ex-dividend date was Friday, May 24th. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.87. This represents a $8.24 annualized dividend and a dividend yield of 1.72%. Northrop Grumman’s dividend payout ratio (DPR) is currently 57.62%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NOC shares. UBS Group upped their target price on shares of Northrop Grumman from $593.00 to $605.00 and gave the company a “buy” rating in a report on Friday. Sanford C. Bernstein downgraded shares of Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 price objective for the company. in a research report on Friday, June 21st. Susquehanna upped their price objective on shares of Northrop Grumman from $540.00 to $560.00 and gave the stock a “positive” rating in a research report on Friday, April 26th. BTIG Research began coverage on shares of Northrop Grumman in a research report on Wednesday, June 26th. They set a “buy” rating and a $565.00 price objective for the company. Finally, Wells Fargo & Company increased their price target on shares of Northrop Grumman from $467.00 to $509.00 and gave the company an “equal weight” rating in a report on Friday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $515.07.

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.