Zacks Research Lifts Earnings Estimates for Northrop Grumman

Key Points

• Zacks Research has increased Q1 2026 earnings per share estimates for Northrop Grumman, now projecting $5.76, up from $5.50.
• The company's recent quarterly earnings report revealed an EPS of $7.11, surpassing analyst expectations of $6.84, with revenues of $10.35 billion.
• Northrop Grumman has also raised its quarterly dividend to $2.31, up from $2.06, translating to an annualized yield of 1.6%.

Northrop Grumman Corporation (NYSE:NOC - Free Report) - Investment analysts at Zacks Research increased their Q1 2026 earnings per share estimates for Northrop Grumman in a research note issued on Tuesday, August 12th. Zacks Research analyst A. Dutta now anticipates that the aerospace company will post earnings per share of $5.76 for the quarter, up from their previous estimate of $5.50. The consensus estimate for Northrop Grumman's current full-year earnings is $28.05 per share. Zacks Research also issued estimates for Northrop Grumman's FY2026 earnings at $27.69 EPS, Q1 2027 earnings at $2.07 EPS and FY2027 earnings at $30.74 EPS.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.84 by $0.27. The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%. The business's revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $6.36 earnings per share.

Other equities research analysts also recently issued research reports about the company. Bank of America boosted their price objective on Northrop Grumman from $550.00 to $650.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price target on Northrop Grumman from $480.00 to $585.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Morgan Stanley upped their price objective on Northrop Grumman from $580.00 to $625.00 and gave the company an "overweight" rating in a research note on Wednesday, April 16th. UBS Group cut their target price on Northrop Grumman from $583.00 to $571.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, Robert W. Baird raised their price objective on Northrop Grumman from $547.00 to $565.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $586.79.

Northrop Grumman Stock Performance

NYSE NOC opened at $581.54 on Wednesday. Northrop Grumman has a fifty-two week low of $426.24 and a fifty-two week high of $594.68. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The firm has a market capitalization of $83.26 billion, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 5.50 and a beta of 0.15. The stock's fifty day moving average is $526.45 and its two-hundred day moving average is $498.99.

Northrop Grumman Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were issued a $2.31 dividend. This is a boost from Northrop Grumman's previous quarterly dividend of $2.06. This represents a $9.24 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, June 2nd. Northrop Grumman's dividend payout ratio is currently 34.06%.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, VP Thomas H. Jones sold 729 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $505.77, for a total transaction of $368,706.33. Following the transaction, the vice president directly owned 7,552 shares of the company's stock, valued at $3,819,575.04. This represents a 8.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Robert J. Fleming sold 3,500 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $505.77, for a total transaction of $1,770,195.00. Following the transaction, the vice president directly owned 1,827 shares in the company, valued at $924,041.79. The trade was a 65.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,536 shares of company stock valued at $8,306,857. Corporate insiders own 0.23% of the company's stock.

Institutional Investors Weigh In On Northrop Grumman

A number of large investors have recently added to or reduced their stakes in NOC. IMA Advisory Services Inc. bought a new stake in Northrop Grumman during the first quarter valued at about $27,000. Saudi Central Bank bought a new stake in Northrop Grumman during the first quarter valued at about $28,000. Banque Cantonale Vaudoise bought a new stake in Northrop Grumman during the first quarter valued at about $30,000. NewSquare Capital LLC boosted its holdings in Northrop Grumman by 75.0% during the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company's stock valued at $31,000 after acquiring an additional 27 shares during the period. Finally, Wood Tarver Financial Group LLC bought a new stake in Northrop Grumman during the fourth quarter valued at about $32,000. Institutional investors own 83.40% of the company's stock.

About Northrop Grumman

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.

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