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

Northrop Grumman (NYSE:NOC - Get Free Report) is anticipated 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 interested in registering for the company's earnings conference call can do so using this link.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The aerospace company reported $6.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.27 by $0.12. Northrop Grumman had a return on equity of 26.24% and a net margin of 10.17%. 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 Trading Up 0.5 %

NOC traded up $2.45 during trading hours on Friday, reaching $539.96. 1,102,225 shares of the company's stock traded hands, compared to its average volume of 865,399. The company has a quick ratio of 0.91, a current ratio of 1.01 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average price of $488.43 and a 200 day moving average price of $491.81. Northrop Grumman has a 52-week low of $418.60 and a 52-week high of $555.57. The firm has a market capitalization of $77.83 billion, a PE ratio of 19.05, a PEG ratio of 3.73 and a beta of 0.20.

Northrop Grumman Announces Dividend

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

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, VP Benjamin R. Davies sold 192 shares of Northrop Grumman stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $429.08, for a total transaction of $82,383.36. Following the completion of the sale, the vice president now owns 709 shares of the company's stock, valued at approximately $304,217.72. The trade was a 21.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Kathy J. Warden sold 3,750 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $475.65, for a total value of $1,783,687.50. Following the completion of the transaction, the chief executive officer now directly owns 212,852 shares in the company, valued at $101,243,053.80. This represents a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,505 shares of company stock worth $2,127,182. 0.23% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Northrop Grumman

An institutional investor recently raised its position in Northrop Grumman stock. Brighton Jones LLC increased its position in shares of Northrop Grumman Co. (NYSE:NOC - Free Report) by 176.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,970 shares of the aerospace company's stock after buying an additional 1,895 shares during the period. Brighton Jones LLC's holdings in Northrop Grumman were worth $1,394,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 83.40% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on NOC. Royal Bank of Canada upgraded shares of Northrop Grumman from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $500.00 to $575.00 in a report on Thursday, March 27th. Morgan Stanley boosted their price target on Northrop Grumman from $580.00 to $625.00 and gave the company an "overweight" rating in a report on Wednesday. Argus upgraded Northrop Grumman to a "strong-buy" rating in a report on Wednesday, February 26th. Susquehanna dropped their price target on Northrop Grumman from $625.00 to $557.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. Finally, StockNews.com downgraded Northrop Grumman from a "strong-buy" rating to a "buy" rating in a report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Northrop Grumman has an average rating of "Moderate Buy" and a consensus price target of $548.88.

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.