Northrop Grumman (NYSE:NOC – Get Free Report) announced its quarterly earnings data on Thursday. The aerospace company reported $6.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.83 by $0.49, Briefing.com reports. The firm had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Northrop Grumman had a net margin of 5.23% and a return on equity of 23.07%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the firm earned $5.50 earnings per share. Northrop Grumman updated its FY 2024 guidance to 24.450-24.850 EPS.
Northrop Grumman Stock Performance
Shares of NOC stock traded down $7.61 during midday trading on Friday, hitting $480.45. 1,275,104 shares of the company were exchanged, compared to its average volume of 1,002,050. The firm has a market capitalization of $71.20 billion, a P/E ratio of 35.72, a PEG ratio of 1.91 and a beta of 0.35. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.05 and a current ratio of 1.15. The firm’s 50 day moving average price is $462.00 and its two-hundred day moving average price is $465.71. Northrop Grumman has a 52 week low of $414.56 and a 52 week high of $496.89.
Northrop Grumman Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, February 26th were given a $1.87 dividend. This represents a $7.48 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, February 23rd. Northrop Grumman’s dividend payout ratio (DPR) is presently 55.49%.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on NOC
Insider Buying and Selling
In related news, VP Kathryn G. Simpson sold 1,273 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $450.37, for a total transaction of $573,321.01. Following the completion of the transaction, the vice president now directly owns 2,735 shares in the company, valued at approximately $1,231,761.95. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Northrop Grumman news, VP Kathryn G. Simpson sold 1,273 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $450.37, for a total transaction of $573,321.01. Following the sale, the vice president now directly owns 2,735 shares of the company’s stock, valued at approximately $1,231,761.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kathryn G. Simpson sold 711 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $453.22, for a total transaction of $322,239.42. Following the sale, the vice president now directly owns 2,024 shares in the company, valued at $917,317.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,149 shares of company stock valued at $1,421,147. Company insiders own 0.22% of the company’s stock.
Northrop Grumman Company Profile
Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.
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