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Market Update (NYSE:NOC): Northrop Grumman Announces Webcast, Conference Call of Fourth Quarter and 2015 Financial Results

[GlobeNewswire] – FALLS CHURCH, Va. — Northrop Grumman Corporation announced today that its fourth quarter and 2015 financial results will be posted on its investor relations website. The company no longer distributes … Read more on this. Northrop Grumman Corporation (NOC) , valued at $34.38B, opened this morning at $187.48. Today’s price range has been between $185.52 and $188.53 per share with a trailing 52-week range being $149.05 to $193.99. NOC shares are currently priced at 18.87x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.16x earnings multiple for the same period. And for passive income investors, the company pays shareholders $3.20 per share annually in dividends, yielding 1.69%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $1.99 per share, which would be $0.49 worse than the year-ago quarter and a $0.40 sequential decrease. Investors should also note that the full-year EPS estimate of $9.86 is a $0.11 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 $5.93 Billion. If realized, that would be a 2.95% decrease over the year-ago quarter. Recently, Drexel Hamilton upgraded NOC from Hold to Buy (Oct 28, 2015). Previously, JP Morgan upgraded NOC from Underweight to Neutral. Investors should keep in mind is that the average price target is $202.21, which is 7.86% above where the stock opened this morning. See more in (NYSE:NOC) Similar Articles: Market Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Foundation Announces Finalists of Its Fab School Labs Makeover Contest Market Update (NYSE:NOC): Northrop Grumman Announces Third Quarter Webcast, Conference Call and New Process for Release of Quarterly Financial Results Company Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Reports Second Quarter 2015 Financial Results
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