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Company Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Increases Quarterly Dividend 12.5 Percent to $0.90 per Share

[GlobeNewswire] – FALLS CHURCH, Va. — The board of directors of Northrop Grumman Corporation declared a quarterly dividend of $0.90 per share on Northrop Grumman common stock, a 12.5 percent increase from the prior quarterly … Read more on this. Northrop Grumman Corporation (NOC) , currently valued at $38.54B, started the session at $215.96. During today’s session, NOC traded between $212.21 to $216.67 with a one year range of $152.31 to $218.84. NOC shares are currently priced at 20.26x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 5.95x earnings multiple. And for income investors, the company pays shareholders $3.20 per share annually in dividends, yielding 1.50%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $2.52 per share, which would be $0.22 worse than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $10.65, which would be a $0.26 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.97 Billion. If reported, that would be a 1.19% increase over the year-ago quarter. More recently, Guggenheim Initiated NOC at Buy (Apr 5, 2016). Previously, BofA/Merrill upgraded NOC from Neutral to Buy. The average price target for NOC shares by the analysts covering it is $216.33, which is 0.17% above where the stock opened. See more in (NYSE:NOC) Similar Articles: Company Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Partners for Diplomacy and Global Innovation Company Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Demonstrates Global Commitment to Building Tomorrow’s Cyber Workforce Company Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Awards Radar Contracts to Kitron
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