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Company Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Awards Radar Contracts to Kitron

[GlobeNewswire] – (2016-03-31) Kitron has been selected as an international source for manufacturing of a sub-assembly related to the JSF Radar system developed by Northrop Grumman Corporation (NYSE: NOC) for the F-35 Lightning … Read more on this. Northrop Grumman Corporation (NOC) , valued at $35.90B, opened at $199.00. A quick look at the market, the company’s stock traded between $198.03 and $199.50 and has traded between $152.31 and $199.50 over the past year. Priced at 19.23x this year’s forecasted earnings, NOC shares are relatively expensive compared to the industry’s 11.98x forward p/e ratio. And for passive income investors, the company pays shareholders $3.20 per share annually in dividends, yielding 1.64%. According to a consensus of 17 analysts, the earnings estimate of $2.47 per share would be $0.06 better than the year-ago quarter and a $0.04 sequential decrease. Investors should also note that the full-year EPS estimate of $10.23 is a $0.16 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.92 Billion. If reported, that would be a 0.67% decrease over the year-ago quarter. In terms of ratings, BofA/Merrill upgraded NOC from Neutral to Buy (Feb 1, 2016). Previously, Drexel Hamilton upgraded NOC from Hold to Buy. The average price target for NOC shares by the analysts covering the stock is $203.64, which is 2.33% above where the stock opened this morning. See more in (NYSE:NOC) Similar Articles: Company Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Highlights Innovative Technologies that Advance Health IT at HIMSS Annual Conference 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 Selected to Provide Replacement Inertial Navigation System to US Navy
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