Skip to main content

Company Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Surpasses $1 Billion Subcontracted to Small Businesses Under Missile Defense Contract

[GlobeNewswire] – FALLS CHURCH, Va. — Northrop Grumman Corporation has exceeded $1 billion subcontracted to small businesses under the U.S. Missile Defense Agency’s Joint National Integration Center Research and Development … Read more on this. Northrop Grumman Corporation (NOC) , with a current market cap of $39.88B, started the session at $222.41. During today’s session, NOC traded between $220.56 to $222.66 and has traded between $152.31 and $223.80 over the past year. Northrop Grumman (NOC) shares are currently priced at 20.74x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.99x earnings multiple for the same period. The company pays shareholders $3.20 per share in dividend income per year, for a current yield of 1.62%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $2.53 per share, which would be $0.21 worse than the year-ago quarter and a $0.02 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $10.70, which would be a $0.31 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.98 Billion. If realized, that would be a 1.36% increase over the year-ago quarter. Recently, RBC Capital Mkts downgraded NOC from Outperform to Sector Perform (May 19, 2016). Previously, Guggenheim Initiated NOC at to Buy. When considering if the stock is under or overvalued, the average price target is $219.86, which is 1.15% below where the stock opened this morning. See more in (NYSE:NOC) Similar Articles: Company Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Increases Quarterly Dividend 12.5 Percent to $0.90 per Share Stock Update: Northrop Grumman Corporation (NYSE:NOC) – US Air Force Awards Northrop Grumman GPS III Space Vehicle Alternatives Program Study Contract Company Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Awards Radar Contracts to Kitron
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.