Orbital ATK Inc (OA) to Issue $0.32 Quarterly Dividend

Orbital ATK Inc (NYSE:OA) declared a quarterly dividend on Wednesday, January 31st, Zacks reports. Shareholders of record on Monday, February 12th will be paid a dividend of 0.32 per share by the aerospace company on Thursday, March 1st. This represents a $1.28 annualized dividend and a yield of 0.97%. The ex-dividend date is Friday, February 9th.

Orbital ATK has a dividend payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Orbital ATK to earn $6.73 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 19.0%.

Orbital ATK (NYSE OA) opened at $131.40 on Thursday. The company has a current ratio of 1.87, a quick ratio of 1.66 and a debt-to-equity ratio of 0.66. Orbital ATK has a 1-year low of $87.08 and a 1-year high of $134.59. The stock has a market cap of $7,564.37, a PE ratio of 22.61, a price-to-earnings-growth ratio of 2.17 and a beta of -0.27.

Orbital ATK (NYSE:OA) last issued its earnings results on Thursday, November 2nd. The aerospace company reported $1.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.19. Orbital ATK had a net margin of 6.62% and a return on equity of 17.32%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the business earned $1.15 EPS. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. equities analysts anticipate that Orbital ATK will post 6.29 earnings per share for the current year.

In other news, Director Harrison H. Schmitt sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $131.60, for a total value of $197,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is currently owned by company insiders.

OA has been the topic of several recent research reports. Zacks Investment Research cut shares of Orbital ATK from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. FIG Partners upgraded shares of Orbital ATK to a “market perform” rating in a report on Wednesday, January 24th. ValuEngine upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. TheStreet cut shares of Orbital ATK from a “b” rating to a “c” rating in a report on Wednesday, December 27th. Finally, Cowen restated a “hold” rating and issued a $134.50 price target on shares of Orbital ATK in a report on Wednesday, November 22nd. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $123.56.

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Orbital ATK Company Profile

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.

Dividend History for Orbital ATK (NYSE:OA)

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