$6.37 Billion in Sales Expected for Northrop Grumman Co. (NOC) This Quarter

Equities analysts expect Northrop Grumman Co. (NYSE:NOC) to post sales of $6.37 billion for the current quarter, according to Zacks. Five analysts have issued estimates for Northrop Grumman’s earnings, with the lowest sales estimate coming in at $6.25 billion and the highest estimate coming in at $6.51 billion. Northrop Grumman reported sales of $6.40 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 0.5%. The company is expected to issue its next quarterly earnings results on Thursday, January 25th.

According to Zacks, analysts expect that Northrop Grumman will report full-year sales of $6.37 billion for the current year, with estimates ranging from $25.42 billion to $25.68 billion. For the next fiscal year, analysts forecast that the firm will post sales of $27.53 billion per share, with estimates ranging from $26.68 billion to $29.48 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Northrop Grumman.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.76. The firm had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Northrop Grumman had a return on equity of 39.76% and a net margin of 9.24%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $3.35 EPS.

A number of research analysts recently commented on NOC shares. Zacks Investment Research cut Northrop Grumman from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Bank of America set a $350.00 price target on Northrop Grumman and gave the stock a “buy” rating in a research report on Friday, October 27th. Royal Bank of Canada set a $374.00 price target on Northrop Grumman and gave the stock a “buy” rating in a research report on Thursday, November 16th. Goldman Sachs Group set a $320.00 target price on Northrop Grumman and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $325.00 target price (up previously from $285.00) on shares of Northrop Grumman in a research report on Monday, October 2nd. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $298.67.

In other news, COO Gloria A. Flach sold 7,741 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $296.45, for a total transaction of $2,294,819.45. Following the completion of the sale, the chief operating officer now owns 77,200 shares in the company, valued at $22,885,940. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Denise M. Peppard sold 5,037 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $295.67, for a total value of $1,489,289.79. Following the sale, the vice president now owns 58,186 shares of the company’s stock, valued at approximately $17,203,854.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,417 shares of company stock worth $6,365,189. 0.70% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NOC. Janus Henderson Group PLC increased its holdings in shares of Northrop Grumman by 41,518.7% during the second quarter. Janus Henderson Group PLC now owns 2,919,969 shares of the aerospace company’s stock valued at $749,585,000 after acquiring an additional 2,912,953 shares in the last quarter. First Eagle Investment Management LLC bought a new stake in Northrop Grumman during the third quarter worth $198,126,000. Capital International Investors grew its holdings in Northrop Grumman by 29.4% during the third quarter. Capital International Investors now owns 2,274,928 shares of the aerospace company’s stock worth $654,542,000 after buying an additional 516,427 shares in the last quarter. HPM Partners LLC grew its holdings in Northrop Grumman by 23,412.0% during the second quarter. HPM Partners LLC now owns 292,019 shares of the aerospace company’s stock worth $28,387,000 after buying an additional 290,777 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Northrop Grumman by 25.9% during the second quarter. Renaissance Technologies LLC now owns 1,245,400 shares of the aerospace company’s stock worth $319,707,000 after buying an additional 256,200 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Northrop Grumman (NYSE NOC) opened at $306.91 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.96. Northrop Grumman has a 12-month low of $223.88 and a 12-month high of $311.15. The firm has a market capitalization of $53,666.66, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 3.10 and a beta of 0.69.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Monday, December 4th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, December 1st. Northrop Grumman’s dividend payout ratio is currently 29.81%.

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About Northrop Grumman

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

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