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Stock Update (NYSE:NOC): Northrop Grumman to Expand Communications System Capability at World’s Busiest Airport, UAE

[GlobeNewswire] – LONDON — Northrop Grumman Corporation announced that its U.K.-based subsidiary, Northrop Grumman Park Air Systems, is expanding the capability of the air traffic control (ATC) communication systems at … Read more on this. Northrop Grumman Corporation (NOC) , with a current value of $33.59B, ended session yesterday at $186.68. Looking at today’s market, NOC one day range is $185.08 to $185.77 with a one year range of $152.31 to $194.80. Northrop Grumman (NOC) shares are currently priced at 18.25x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 30.57x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $3.20 per share annually in dividends, yielding 1.67%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $2.46 per share, which would be $0.05 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 setback 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 $5.92 Billion. If realized, that would be a 0.67% decrease over the year-ago quarter. More recently, BofA/Merrill upgraded NOC from Neutral to Buy (Feb 1, 2016). Previously, Drexel Hamilton upgraded NOC from Hold to Buy. Given all the information above, we should disclose to readers that the average price target is $203.64, which is 9.09% above than it opened this morning. See more in (NYSE:NOC) Similar Articles: Stock Update: Northrop Grumman Corporation (NYSE:NOC) – CPI Aerostructures Selected by Northrop Grumman to Supply Wing Components for Japanese E-2D Advanced Hawkeye Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Elects Lisa R. Davis Corporate Vice President, Communications; Darryl M. Fraser to Retire Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Selected to Improve Survivability of US Air Force C-130 Aircraft
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