Wall Street analysts forecast that Northrop Grumman Co. (NYSE:NOC) will post $8.83 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Northrop Grumman’s earnings. The lowest sales estimate is $8.72 billion and the highest is $9.03 billion. Northrop Grumman posted sales of $8.16 billion during the same quarter last year, which suggests a positive year over year growth rate of 8.2%. The company is expected to issue its next quarterly earnings report before the market opens on Thursday, January 30th.
On average, analysts expect that Northrop Grumman will report full year sales of $33.96 billion for the current year, with estimates ranging from $33.84 billion to $34.15 billion. For the next fiscal year, analysts expect that the business will report sales of $35.77 billion, with estimates ranging from $35.48 billion to $36.00 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Northrop Grumman.
Northrop Grumman (NYSE:NOC) last posted its earnings results on Thursday, October 24th. The aerospace company reported $5.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.74 by $0.75. The firm had revenue of $8.48 billion during the quarter, compared to analysts’ expectations of $8.56 billion. Northrop Grumman had a net margin of 9.05% and a return on equity of 39.12%. During the same period last year, the company posted $6.54 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year.
NOC has been the subject of several research analyst reports. ValuEngine upgraded shares of Northrop Grumman from a “strong sell” rating to a “sell” rating in a report on Friday, January 3rd. Barclays set a $415.00 target price on Northrop Grumman and gave the stock a “buy” rating in a report on Tuesday, October 8th. Zacks Investment Research raised Northrop Grumman from a “hold” rating to a “buy” rating and set a $367.00 target price for the company in a research report on Monday, December 30th. Morgan Stanley increased their target price on Northrop Grumman from $437.00 to $449.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, TheStreet cut Northrop Grumman from a “b-” rating to a “c+” rating in a research note on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. Northrop Grumman has an average rating of “Buy” and a consensus target price of $375.45.
NOC stock opened at $379.97 on Friday. Northrop Grumman has a 1 year low of $262.77 and a 1 year high of $384.68. The company has a market cap of $64.68 billion, a P/E ratio of 21.50, a PEG ratio of 1.28 and a beta of 0.76. The firm has a 50-day moving average of $354.92 and a 200 day moving average of $354.38. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.29 and a quick ratio of 1.19.
A number of large investors have recently bought and sold shares of the stock. Mackenzie Financial Corp increased its position in Northrop Grumman by 81.9% during the 2nd quarter. Mackenzie Financial Corp now owns 140,313 shares of the aerospace company’s stock valued at $45,337,000 after buying an additional 63,195 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in shares of Northrop Grumman by 3,276.7% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,013 shares of the aerospace company’s stock valued at $328,000 after acquiring an additional 983 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Northrop Grumman by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 266,875 shares of the aerospace company’s stock worth $86,230,000 after purchasing an additional 2,027 shares during the last quarter. Hilltop Holdings Inc. raised its position in shares of Northrop Grumman by 20.8% in the 2nd quarter. Hilltop Holdings Inc. now owns 3,986 shares of the aerospace company’s stock worth $1,288,000 after purchasing an additional 687 shares during the last quarter. Finally, CSat Investment Advisory L.P. raised its position in shares of Northrop Grumman by 1,340.9% in the 2nd quarter. CSat Investment Advisory L.P. now owns 317 shares of the aerospace company’s stock worth $102,000 after purchasing an additional 295 shares during the last quarter. 82.77% of the stock is currently owned by institutional investors and hedge funds.
Northrop Grumman Company Profile
Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.
Read More: Is a Roth IRA right for you?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Northrop Grumman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman and related companies with MarketBeat.com's FREE daily email newsletter.