Market Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman to Showcase Innovative Solutions for Army Aviation’s Future

[GlobeNewswire] – FALLS CHURCH, Va. — Northrop Grumman Corporation will highlight a full range of solutions aimed at providing best-value enhancements and game-changing capabilities during the Army Aviation Association … Read more on this. Northrop Grumman Corporation (NOC) , currently valued at $36.69B, opened at $200.88. During today’s session, NOC traded between $199.57 to $203.37 with its 52-week range being $152.31 to $203.88. NOC shares are currently priced at 19.62x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.21x earnings multiple for the same period. The company pays shareholders $3.20 per share in dividend income per year, for a current yield of 1.59%. According to a consensus of 18 analysts, the earnings estimate of $2.49 per share would be $0.08 better than the year-ago quarter and a $0.05 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $10.23 would be a $0.16 worse 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 $5.93 Billion. If realized, that would be a 0.50% decrease over the year-ago quarter. In terms of ratings, 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 $208.53, which is 3.81% above where the stock opened. 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 Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Successfully Demonstrates Flexible Solution to Utilize Legacy and Future Sensors on RQ-4 Global Hawk Market Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Delivers Prototype Shelters to US Army to Upgrade Integrated Air and Missile Defense Battle Command System
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