Market Update (NYSE:NOC): Northrop Grumman Wins Next Generation Contract for Fraud Solutions at CMS

[GlobeNewswire] – MCLEAN, Va. — Northrop Grumman Corporation has been awarded a $91.6m contract by the Centers for Medicare and Medicaid Services (CMS) to provide both technical and business expertise to identify and prevent … Read more on this. Northrop Grumman Corporation (NOC) , valued at $37.58B, started the session at $207.44. Looking at today’s trading action, the company’s one day range from $206.75 to $208.41 and has traded between $152.31 and $208.99 over the past year. NOC shares are currently priced at 19.67x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.04x earnings multiple. And for income investors, the company pays shareholders $3.20 per share annually in dividends, yielding 1.55%. 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 $0.04 sequential decrease. Investors should also note that the full-year EPS estimate of $10.59 is a $0.20 better when compared to the previous year’s annual results. 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. When considering if perhaps the stock is under or overvalued, the average price target is $213.80, which is 3.07% above where the stock opened this morning. See more in (NYSE:NOC) Similar Articles: Market Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman to Showcase Innovative Solutions for Army Aviation’s Future Market Update: Northrop Grumman Corporation (NYSE:NOC) – GAO Denies Protest, Northrop Grumman to Get Back to Work on America’s New Bomber Market Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Selected to Provide Replacement Inertial Navigation System to US Navy
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