Northrop Grumman (NOC) Expected to Announce Quarterly Earnings on Tuesday

Northrop Grumman (NYSE:NOC) is expected to release its earnings data before the market opens on Tuesday, April 22nd. Analysts expect Northrop Grumman to post earnings of $6.33 per share and revenue of $10.07 billion for the quarter. Northrop Grumman has set its FY 2025 guidance at 27.850-28.250 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, January 30th. The aerospace company reported $6.39 EPS for the quarter, topping analysts’ consensus estimates of $6.27 by $0.12. Northrop Grumman had a net margin of 10.17% and a return on equity of 26.24%. On average, analysts expect Northrop Grumman to post $28 EPS for the current fiscal year and $29 EPS for the next fiscal year.

Northrop Grumman Stock Performance

NYSE NOC opened at $539.96 on Monday. The company has a current ratio of 1.01, a quick ratio of 0.91 and a debt-to-equity ratio of 0.96. Northrop Grumman has a 12-month low of $418.60 and a 12-month high of $555.57. The stock has a market capitalization of $77.83 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 3.73 and a beta of 0.20. The business’s 50 day moving average is $488.43 and its two-hundred day moving average is $491.50.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were issued a $2.06 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.53%. Northrop Grumman’s dividend payout ratio is presently 29.08%.

Insider Buying and Selling

In other Northrop Grumman news, CEO Kathy J. Warden sold 3,750 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $475.65, for a total transaction of $1,783,687.50. Following the transaction, the chief executive officer now owns 212,852 shares of the company’s stock, valued at approximately $101,243,053.80. This trade represents a 1.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Benjamin R. Davies sold 464 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $460.75, for a total transaction of $213,788.00. Following the sale, the vice president now owns 245 shares in the company, valued at $112,883.75. This trade represents a 65.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,505 shares of company stock valued at $2,127,182. Insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On Northrop Grumman

A hedge fund recently raised its stake in Northrop Grumman stock. Brighton Jones LLC increased its position in Northrop Grumman Co. (NYSE:NOC) by 176.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,970 shares of the aerospace company’s stock after buying an additional 1,895 shares during the quarter. Brighton Jones LLC’s holdings in Northrop Grumman were worth $1,394,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Barclays dropped their price objective on Northrop Grumman from $550.00 to $500.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Truist Financial raised their target price on shares of Northrop Grumman from $545.00 to $600.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank of Canada raised shares of Northrop Grumman from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $500.00 to $575.00 in a research note on Thursday, March 27th. Wells Fargo & Company lifted their target price on Northrop Grumman from $545.00 to $547.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Finally, Wolfe Research upgraded shares of Northrop Grumman from an “underperform” rating to a “peer perform” rating in a research note on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $548.88.

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.