Northrop Grumman (NYSE:NOC) Issues FY 2020 Pre-Market Earnings Guidance

Northrop Grumman (NYSE:NOC) issued an update on its FY 2020
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 22.00-22.40 for the period, compared to the Thomson Reuters consensus estimate of $22.14. The company issued revenue guidance of $35.3-35.6 billion, compared to the consensus revenue estimate of $35.19 billion.Northrop Grumman also updated its FY20 guidance to $22.00-22.40 EPS.

NYSE:NOC opened at $325.01 on Friday. The firm has a market cap of $54.18 billion, a P/E ratio of 22.86 and a beta of 0.79. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.21 and a current ratio of 1.35. Northrop Grumman has a fifty-two week low of $263.31 and a fifty-two week high of $385.01. The firm has a 50-day simple moving average of $308.15 and a two-hundred day simple moving average of $332.27.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Thursday, July 30th. The aerospace company reported $6.01 earnings per share for the quarter, beating analysts’ consensus estimates of $5.32 by $0.69. The business had revenue of $8.88 billion during the quarter, compared to analyst estimates of $8.66 billion. Northrop Grumman had a net margin of 6.91% and a return on equity of 40.24%. Northrop Grumman’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $5.06 EPS. On average, equities research analysts predict that Northrop Grumman will post 22.2 EPS for the current year.

A number of analysts have weighed in on NOC shares. Royal Bank of Canada raised their price objective on shares of Northrop Grumman from $366.00 to $391.00 and gave the company a sector perform rating in a research note on Friday. TheStreet lowered shares of Northrop Grumman from a b- rating to a c rating in a research note on Monday, July 13th. Sanford C. Bernstein lifted their price target on shares of Northrop Grumman from $405.00 to $419.00 and gave the stock an outperform rating in a research note on Friday. ValuEngine upgraded shares of Northrop Grumman from a sell rating to a hold rating in a research note on Tuesday, July 28th. Finally, Cowen upgraded shares of Northrop Grumman from a market perform rating to an outperform rating and lifted their price target for the stock from $360.00 to $370.00 in a research note on Friday, May 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $385.00.

Northrop Grumman Company Profile

Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.

Read More: Gross Domestic Product (GDP)

Earnings History and Estimates for Northrop Grumman (NYSE:NOC)

Receive News & Ratings for Northrop Grumman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman and related companies with MarketBeat.com's FREE daily email newsletter.