Market Update: Northrop Grumman Corporation (NYSE:NOC) – GAO Denies Protest, Northrop Grumman to Get Back to Work on America’s New Bomber

[GlobeNewswire] – FALLS CHURCH, Va. — The following is a statement by Randy Belote, vice president of strategic communications for Northrop Grumman Corporation: Read more on this. Northrop Grumman Corporation (NOC) , currently valued at $33.22B, opened this morning at $182.40. A quick look at the market, the company’s stock traded between $180.15 and $185.91 and has traded between $152.31 and $193.99 over the past year. NOC shares are currently priced at 17.65x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 40.18x earnings multiple. The company pays shareholders $3.20 per share annually in dividends, yielding 1.77%. According to a consensus of 17 analysts, the earnings estimate of $2.48 per share would be $0.07 better than the year-ago quarter and a $0.04 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $10.27 is a $0.12 setback when compared to the previous year’s annual results. 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 0.50% decrease over the year-ago quarter. In terms of ratings, BofA/Merrill upgraded NOC from Neutral to Buy (Feb 1, 2016). Previously, Drexel Hamilton upgraded NOC from Hold to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $203.21, which is 11.41% above where the stock opened this morning. See more in (NYSE:NOC) Similar Articles: Market Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Foundation Announces Finalists of Its Fab School Labs Makeover Contest Market Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Selected to Provide Replacement Inertial Navigation System to US Navy Market Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Delivers Prototype Shelters to US Army to Upgrade Integrated Air and Missile Defense Battle Command System