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Company Update (NYSE:NOC): Northrop Grumman Donates Software to Support the U.S. Naval Academy and Honors Midshipman

[GlobeNewswire] – CHARLOTTESVILLE, Va. — Northrop Grumman Corporation recently donated $3,172,500 worth of training software to the Naval Academy Foundation for use at the U.S. Naval Academy, continuing the company’s commitment … Read more on this. Northrop Grumman Corporation (NOC) , with a current value of $32.80B, started trading this morning at $184.56. Looking at the stock, its one day range is $180.46 to $185.57 with a trailing 52-week range being $152.31 to $193.99. NOC shares are currently priced at 17.63x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 40.18x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $3.20 per share annually in dividends, yielding 1.77%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $2.48 per share, which would be $0.07 better than the year-ago quarter and a $0.04 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $10.28, which would be a $0.11 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.93 Billion. If reported, that would be a 0.50% decrease over the year-ago quarter. More recently, BofA/Merrill upgraded NOC from Neutral to Buy (Feb 1, 2016). Previously, Drexel Hamilton upgraded NOC from Hold to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $203.21, which is 10.11% above where the stock opened this morning. See more in (NYSE:NOC) Similar Articles: Company Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Demonstrates Continued Progress With its Integrated Topside Advance Development Model Market Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Appoints Dan Cloyd Corporate Director for Naval Aviation and ISR Programs Company Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Wins Research Contract from DHS to Strengthen Mobile Security Applications
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