Orbital ATK, Inc. (OA) to Post FY2017 Earnings of $6.15 Per Share, Jefferies Group Forecasts

Orbital ATK, Inc. (NYSE:OA) – Investment analysts at Jefferies Group boosted their FY2017 earnings per share (EPS) estimates for Orbital ATK in a report released on Thursday. Jefferies Group analyst H. Rubel now anticipates that the aerospace company will post earnings per share of $6.15 for the year, up from their prior forecast of $6.00. Jefferies Group currently has a “Buy” rating and a $122.00 target price on the stock. Jefferies Group also issued estimates for Orbital ATK’s Q4 2017 earnings at $1.79 EPS.

Orbital ATK (NYSE:OA) last announced its earnings results on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.11. Orbital ATK had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm earned $1.35 EPS. Orbital ATK’s revenue for the quarter was up 2.9% compared to the same quarter last year.

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Several other brokerages have also issued reports on OA. Stifel Nicolaus reiterated a “buy” rating on shares of Orbital ATK in a report on Friday. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $106.00 price target on shares of Orbital ATK in a report on Monday, June 5th. Zacks Investment Research upgraded Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Monday, July 31st. BidaskClub upgraded Orbital ATK from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Finally, Cowen and Company reiterated a “buy” rating on shares of Orbital ATK in a report on Thursday, May 11th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Orbital ATK currently has a consensus rating of “Buy” and a consensus price target of $104.68.

Shares of Orbital ATK (NYSE OA) opened at 106.47 on Monday. Orbital ATK has a 12 month low of $67.04 and a 12 month high of $106.95. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 21.95 and a beta of -0.31. The company has a 50-day moving average price of $100.78 and a 200-day moving average price of $96.97.

Hedge funds have recently modified their holdings of the company. UBS Asset Management Americas Inc. increased its stake in shares of Orbital ATK by 11.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 18,905 shares of the aerospace company’s stock valued at $1,659,000 after buying an additional 1,866 shares during the period. Teachers Advisors LLC increased its stake in shares of Orbital ATK by 8.6% in the fourth quarter. Teachers Advisors LLC now owns 61,778 shares of the aerospace company’s stock valued at $5,420,000 after buying an additional 4,872 shares during the period. Capstone Asset Management Co. increased its stake in shares of Orbital ATK by 8.7% in the first quarter. Capstone Asset Management Co. now owns 3,241 shares of the aerospace company’s stock valued at $318,000 after buying an additional 260 shares during the period. Parametrica Management Ltd bought a new stake in shares of Orbital ATK during the first quarter valued at approximately $256,000. Finally, First Midwest Bank Trust Division increased its stake in shares of Orbital ATK by 4.9% in the first quarter. First Midwest Bank Trust Division now owns 8,087 shares of the aerospace company’s stock valued at $793,000 after buying an additional 381 shares during the period. 86.42% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Thomas E. Mccabe sold 400 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $101.60, for a total value of $40,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christine Ann Wolf sold 5,039 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $101.54, for a total value of $511,660.06. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,674 shares of company stock valued at $1,722,611. Company insiders own 1.20% of the company’s stock.

About Orbital ATK

Orbital ATK, Inc is an aerospace and defense systems company and supplier of related products to the United States Government, allied nations, prime contractors and other customers. The Company’s segments include Flight Systems Group, Defense Systems Group, Space Systems Group and Corporate. Its products include launch vehicles and related propulsion systems; satellites and associated components and services; tactical missiles, subsystems and defense electronics, and precision weapons, armament systems and ammunition.

Earnings History and Estimates for Orbital ATK (NYSE:OA)

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