Stock Update (NYSE:NOC): Northrop Grumman, Ultra Electronics Collaborating on Maritime Domain Awareness Capabilities for Autonomous Systems
June 13, 2016 at 10:00 AM EDT
[GlobeNewswire] – LOS ANGELES — Northrop Grumman Corporation signed a memorandum of agreement with Ultra Electronics to deliver new maritime domain awareness (MDA) and anti-submarine warfare (ASW) capabilities for Northrop … Read more on this. Northrop Grumman Corporation (NOC) , valued at $39.10B, began trading this morning at $216.67. Looking at today’s market, NOC one day range is $216.38 to $217.54 and has traded between $152.31 and $218.84 over the past 12 months. Priced at 20.35x this year’s forecasted earnings, NOC shares are relatively inexpensive compared to the industry’s 26.79x forward p/e ratio. The company pays shareholders $3.60 per share annually in dividends, yielding 1.66%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $2.52 per share, which would be $0.22 worse than the year-ago quarter and a $0.03 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $10.68 would be a $0.29 improvement 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 $5.97 Billion. If realized, that would be a 1.19% increase over the year-ago quarter. In terms of ratings, RBC Capital Mkts downgraded NOC from Outperform to Sector Perform (May 19, 2016). Previously, Guggenheim Initiated NOC at to Buy. Given all the information above, we should disclose to readers that the average price target is $219.47, which is 1.29% above than it opened this morning. See more in (NYSE:NOC) Similar Articles: Company Update (NYSE:NOC): Northrop Grumman Highlights Defense Capabilities at AUSA Global Force Symposium Market Update (NYSE:NOC): Northrop Grumman Highlights Global Security Capabilities at Singapore Airshow Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Selected to Improve Survivability of US Air Force C-130 Aircraft
