Market Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Selected to Provide Replacement Inertial Navigation System to US Navy

[GlobeNewswire] – CHARLOTTESVILLE, Va. — The U.S. Navy has awarded Northrop Grumman Corporation a base year contract valued at $19.8 million, with a total potential value of $47.8 million over five years, to develop the … Read more on this. Northrop Grumman Corporation (NOC) , with a current value of $34.39B, opened this morning at $188.03. Shares have traded today between $187.61 and $189.75 per share with a one year range of $141.21 to $193.99. NOC shares are currently priced at 19.01x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 31.63x earnings multiple. And for dividend hunters, the company pays shareholders $3.20 per share annually in dividends, yielding 1.72%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $1.99 per share, which would be $0.49 worse than the year-ago quarter and a $0.41 sequential decrease. The full-year EPS estimate is $9.86, which would be a $0.11 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.93 Billion. If realized, that would be a 2.95% decrease over the year-ago quarter. Recently, JP Morgan Initiated NOC at Underweight (Jul 14, 2015). Previously, Deutsche Bank upgraded NOC from Hold to Buy. The average price target for NOC shares by the analysts covering it is $199.71, which is 6.21% above where the stock opened. See more in (NYSE:NOC) Similar Articles: Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman to Provide Mission Computer for Marine Corps H-1 Lot 12 Helicopter Upgrades Market Update (NYSE:NOC): Northrop Grumman Introduces New Commercial Inertial Measurement Unit Company Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman to Provide Anti-Missile System to Air National Guard, Air Force Reserve Command