Northrop Grumman Co. (NYSE:NOC) Forecasted to Post Q4 2024 Earnings of $6.27 Per Share

Northrop Grumman Co. (NYSE:NOC) – Research analysts at Zacks Research upped their Q4 2024 earnings per share estimates for Northrop Grumman in a research note issued on Wednesday, August 14th. Zacks Research analyst A. Dutta now anticipates that the aerospace company will earn $6.27 per share for the quarter, up from their prior estimate of $6.23. The consensus estimate for Northrop Grumman’s current full-year earnings is $25.18 per share. Zacks Research also issued estimates for Northrop Grumman’s Q2 2025 earnings at $6.88 EPS, Q3 2025 earnings at $9.22 EPS, Q4 2025 earnings at $4.84 EPS, FY2025 earnings at $27.53 EPS, Q1 2026 earnings at $6.44 EPS and Q2 2026 earnings at $7.81 EPS.

NOC has been the topic of a number of other reports. TD Cowen upped their price target on Northrop Grumman from $440.00 to $515.00 and gave the company a “hold” rating in a report on Monday, July 29th. StockNews.com raised Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft raised Northrop Grumman from a “hold” rating to a “buy” rating and upped their price target for the company from $474.00 to $575.00 in a report on Monday, July 29th. Jefferies Financial Group lowered their target price on Northrop Grumman from $530.00 to $500.00 and set a “hold” rating on the stock in a report on Tuesday, June 18th. Finally, Royal Bank of Canada increased their target price on Northrop Grumman from $475.00 to $500.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $521.33.

Northrop Grumman Trading Up 0.6 %

Shares of NYSE:NOC opened at $508.04 on Monday. The company has a market cap of $75.18 billion, a P/E ratio of 35.53, a PEG ratio of 2.26 and a beta of 0.32. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 0.99. Northrop Grumman has a 1 year low of $414.56 and a 1 year high of $508.47. The stock’s fifty day moving average price is $455.83 and its 200-day moving average price is $459.48.

Northrop Grumman (NYSE:NOC) last released its earnings results on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, topping analysts’ consensus estimates of $5.93 by $0.43. The firm had revenue of $10.22 billion for the quarter, compared to analysts’ expectations of $10.02 billion. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $5.34 earnings per share.

Institutional Trading of Northrop Grumman

Institutional investors have recently made changes to their positions in the business. Ascent Group LLC boosted its holdings in shares of Northrop Grumman by 0.5% in the 2nd quarter. Ascent Group LLC now owns 4,337 shares of the aerospace company’s stock worth $1,891,000 after purchasing an additional 20 shares during the period. Bogart Wealth LLC increased its holdings in shares of Northrop Grumman by 14.1% in the 1st quarter. Bogart Wealth LLC now owns 170 shares of the aerospace company’s stock valued at $81,000 after acquiring an additional 21 shares during the period. Turtle Creek Wealth Advisors LLC increased its holdings in shares of Northrop Grumman by 4.6% in the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 500 shares of the aerospace company’s stock valued at $218,000 after acquiring an additional 22 shares during the period. Oliver Lagore Vanvalin Investment Group increased its holdings in shares of Northrop Grumman by 1.5% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,467 shares of the aerospace company’s stock valued at $640,000 after acquiring an additional 22 shares during the period. Finally, Legacy Wealth Asset Management LLC increased its holdings in shares of Northrop Grumman by 2.4% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 965 shares of the aerospace company’s stock valued at $462,000 after acquiring an additional 23 shares during the period. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Insider Transactions at Northrop Grumman

In other news, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $500.00, for a total value of $695,000.00. Following the transaction, the vice president now owns 4,634 shares of the company’s stock, valued at $2,317,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Thomas H. Jones sold 1,389 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $477.56, for a total transaction of $663,330.84. Following the completion of the sale, the vice president now owns 6,755 shares in the company, valued at $3,225,917.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $500.00, for a total value of $695,000.00. Following the sale, the vice president now owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

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.