Stock Update (NYSE:NOC): Northrop Grumman Names 24 Maryland Winners in 14th Annual Engineering Scholars Competition

[GlobeNewswire] – LINTHICUM, Md. — Northrop Grumman Corporation has announced the 24 winners of its 14th annual Engineering Scholars program, which will provide $240,000 in college scholarships to high school seniors across … Read more on this. Northrop Grumman Corporation (NOC) , currently valued at $39.18B, opened at $217.69. Looking at today’s trading action, the company’s one day range from $216.62 to $218.00 with a trailing 52-week range being $152.31 to $218.84. NOC shares are currently priced at 20.27x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 26.79x forward p/e ratio. And for passive income investors, the company pays shareholders $3.60 per share annually in dividends, yielding 1.66%. Consensus earnings for the current quarter by the 17 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. Investors should also note that the full-year EPS estimate of $10.70 is a $0.31 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.96 Billion. If reported, that would be a 1.02% 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. Given all the information above, we should disclose to readers that the average price target is $219.00, which is 0.60% above than it opened this morning. See more in (NYSE:NOC) Similar Articles: Company Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Announces Winners of UK’s CyberCenturion Competition to Find Cyber Security Talent of the Future Market Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman, USC Viterbi School of Engineering Establish Research Institute to Develop Advanced Optical Materials Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Foundation Recognizes Top Teams Advancing to CyberPatriot VIII National Finals Competition
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