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Stock Update (NYSE:NOC): Northrop Grumman’s Navigation System to be Offered on Beechcraft King Air Special Mission Aircraft

[GlobeNewswire] – FREIBURG, Germany — Northrop Grumman Corporation’s flight-critical inertial instruments will soon be offered on Beechcraft King Air turboprops. Read more on this. Northrop Grumman Corporation (NOC) , with a current value of $38.63B, began trading this morning at $211.57. During the trading session, NOC traded between $211.27 to $214.41 with a trailing 52-week range being $152.31 to $218.84. Priced at 19.91x this year’s forecasted earnings, NOC shares are relatively inexpensive compared to the industry’s 24.92x forward p/e ratio. The company pays shareholders $3.60 per share annually in dividends, yielding 1.68%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $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 $10.68 which would be a $0.29 improvement than last year’s full-year earnings. 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, RBC Capital Mkts downgraded NOC from Outperform to Sector Perform (May 19, 2016). Previously, Guggenheim Initiated NOC at to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $219.47, which is 3.73% above where the stock opened this morning. See more in (NYSE:NOC) Similar Articles: Market Update (NYSE:NOC): Northrop Grumman to Develop Navigation-Grade MEMS Inertial Sensor 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 Selected to Provide Replacement Inertial Navigation System to US Navy
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