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Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Successfully Demonstrates Flexible Solution to Utilize Legacy and Future Sensors on RQ-4 Global Hawk

[GlobeNewswire] – SAN DIEGO — Northrop Grumman Corporation successfully flew a SYERS-2 intelligence gathering sensor on an RQ-4 Global Hawk high altitude long endurance unmanned aircraft system (UAS), marking the first … Read more on this. Northrop Grumman Corporation (NOC) , with a current market cap of $34.73B, opened this morning at $190.05. A quick look at the market, the company’s stock traded between $189.99 and $191.95 with the price of the stock fluctuating between $152.31 to $193.99 over the last 52 weeks. NOC shares are currently priced at 18.57x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 40.92x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $3.20 per share annually in dividends, yielding 1.68%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $2.46 per share, which would be $0.05 better than the year-ago quarter and a $0.05 sequential decrease. Investors should also note that the full-year EPS estimate of $10.23 is a $0.16 setback 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 $5.92 Billion. If realized, that would be a 0.67% decrease over the year-ago quarter. Recently, BofA/Merrill upgraded NOC from Neutral to Buy (Feb 1, 2016). Previously, Drexel Hamilton upgraded NOC from Hold to Buy. Investors should keep in mind is that the average price target is $203.64, which is 7.15% 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 Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Selected to Improve Survivability of US Air Force C-130 Aircraft Market Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman to Feature Global Security Capabilities at Seoul International Aerospace and Defense Exhibition 2015
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