Northrop Grumman (NOC) to Release Quarterly Earnings on Tuesday

Northrop Grumman (NYSE:NOC) is projected to announce its earnings results before the market opens on Tuesday, April 22nd. Analysts expect the company to announce 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.Parties that are interested in participating in the company’s conference call can do so using this link.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Thursday, January 30th. The aerospace company reported $6.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Up 0.4 %

NOC opened at $535.86 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 1.01 and a debt-to-equity ratio of 0.96. Northrop Grumman has a twelve month low of $418.60 and a twelve month high of $555.57. The company has a market cap of $77.24 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 3.73 and a beta of 0.20. The company has a 50-day moving average price of $483.13 and a 200 day moving average price of $491.50.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were given a $2.06 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $8.24 annualized dividend and a dividend yield of 1.54%. Northrop Grumman’s dividend payout ratio (DPR) is presently 29.08%.

Insider Transactions at Northrop Grumman

In related news, CEO Kathy J. Warden sold 3,750 shares of the stock in a transaction dated Thursday, March 6th. The stock was 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 represents a 1.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Benjamin R. Davies sold 192 shares of Northrop Grumman stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $429.08, for a total value of $82,383.36. Following the completion of the transaction, the vice president now directly owns 709 shares of the company’s stock, valued at approximately $304,217.72. This represents a 21.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,505 shares of company stock worth $2,127,182. 0.22% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Northrop Grumman

A hedge fund recently raised its stake in Northrop Grumman stock. Brighton Jones LLC grew its stake in Northrop Grumman Co. (NYSE:NOC) by 176.3% in the 4th quarter, according to its most recent filing with the SEC. 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 as of its most recent filing with the SEC. Institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NOC. Argus raised Northrop Grumman to a “strong-buy” rating in a research note on Wednesday, February 26th. Barclays decreased their price target on shares of Northrop Grumman from $550.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. The Goldman Sachs Group raised shares of Northrop Grumman from a “sell” rating to a “neutral” rating and upped their price objective for the company from $424.00 to $521.00 in a research note on Friday. Truist Financial began coverage on shares of Northrop Grumman in a research note on Tuesday, January 14th. They issued a “buy” rating and a $544.00 target price on the stock. Finally, Susquehanna cut their price target on Northrop Grumman from $625.00 to $557.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $543.65.

Northrop Grumman Company Profile

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.