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Company Update: Northrop Grumman Corporation (NYSE:NOC) – NEC, Northrop Grumman Cooperate in Cybersecurity

[GlobeNewswire] – FALLS CHURCH, Va. — Northrop Grumman Corporation has collaborated with NEC Corporation , a leader in the integration of IT and network technologies, to deliver the Japan-Cyber Operations Research, Training … Read more on this. Northrop Grumman Corporation (NOC) , with a current value of $39.00B, opened at $215.70. Looking at today’s trading action, the company’s one day range from $215.02 to $216.63 and has traded between $152.31 and $218.84 over the past year. NOC shares are currently priced at 20.17x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 25.94x earnings multiple. The company pays shareholders $3.60 per share in dividend income per year, for a current yield of 1.67%. According to a consensus of 18 analysts, the earnings estimate of $2.52 per share would be $0.22 worse than the year-ago quarter and a $0.03 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $10.68 is a $0.29 improvement 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 $5.97 Billion. If realized, that would be a 1.19% increase over the year-ago quarter. In terms of ratings, RBC Capital Mkts downgraded NOC from Outperform to Sector Perform (May 19, 2016). Previously, Guggenheim Initiated NOC at to Buy. The average price target for NOC shares is $219.47, which is 1.75% 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: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Awards Radar Contracts to Kitron
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