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Company Update (NYSE:NOC): Northrop Grumman Presents Cutting Edge Technology, New Products at International Microwave Symposium

[GlobeNewswire] – REDONDO BEACH, Calif. — Northrop Grumman Corporation will highlight its expertise in microelectronics innovation and transitioning new technology to demanding, high performance communications applications … Read more on this. Northrop Grumman Corporation (NOC) , with a current market cap of $38.09B, began trading this morning at $212.50. Shares have traded today between $209.68 and $213.01 per share with a one year range of $152.31 to $218.84. Northrop Grumman (NOC) shares are currently priced at 20.06x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 5.95x earnings multiple for the same period. The company pays shareholders $3.20 per share in dividend income per year, for a current yield of 1.50%. Consensus earnings for the current quarter by the 18 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 is $217.47, which is 2.34% above where the stock opened this morning. See more in (NYSE:NOC) Similar Articles: Company Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Increases Quarterly Dividend 12.5 Percent to $0.90 per Share Company Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Demonstrates Global Commitment to Building Tomorrow’s Cyber Workforce Company Update (NYSE:NOC): Northrop Grumman Highlights Defense Capabilities at AUSA Global Force Symposium
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