The price of Northrop Grumman Corp. (NYSE: NOC) closed at $457.01 in the last session, down -2.00% from day before closing price of $466.36. In other words, the price has decreased by -$9.35 from its previous closing price. On the day, 1271568 shares were traded.
Ratios:
We take a closer look at NOC’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.24. For the most recent quarter (mrq), Quick Ratio is recorded 1.04 and its Current Ratio is at 1.13. In the meantime, Its Debt-to-Equity ratio is 1.08 whereas as Long-Term Debt/Eq ratio is at 1.06.
On December 15, 2023, Deutsche Bank Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $541 to $473.
Wolfe Research Downgraded its Peer Perform to Underperform on December 14, 2023, while the target price for the stock was maintained at $450.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 21 ’24 when Caylor Mark A sold 825 shares for $454.68 per share. The transaction valued at 375,111 led to the insider holds 16,432 shares of the business.
Simpson Kathryn G sold 356 shares of NOC for $161,866 on Feb 21 ’24. The Corp VP & General Counsel now owns 1,668 shares after completing the transaction at $454.68 per share. On Feb 21 ’24, another insider, Hardesty Michael A, who serves as the Corp VP, Controller & CAO of the company, sold 210 shares for $454.68 each. As a result, the insider received 95,483 and left with 3,127 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NOC now has a Market Capitalization of 69.97B and an Enterprise Value of 82.54B. As of this moment, Northrop’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.94, and their Forward P/E ratio for the next fiscal year is 16.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.72 while its Price-to-Book (P/B) ratio in mrq is 4.64. Its current Enterprise Value per Revenue stands at 2.10 whereas that against EBITDA is 19.52.
Stock Price History:
Over the past 52 weeks, NOC has reached a high of $496.89, while it has fallen to a 52-week low of $414.56. The 50-Day Moving Average of the stock is 457.29, while the 200-Day Moving Average is calculated to be 456.48.
Shares Statistics:
According to the various share statistics, NOC traded on average about 945.76K shares per day over the past 3-months and 742.04k shares per day over the past 10 days. A total of 150.11M shares are outstanding, with a floating share count of 147.71M. Insiders hold about 0.29% of the company’s shares, while institutions hold 87.31% stake in the company. Shares short for NOC as of Mar 15, 2024 were 1.93M with a Short Ratio of 2.04, compared to 3.18M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.29% and a Short% of Float of 1.29%.
Dividends & Splits
The forward annual dividend rate for NOC is 7.48, which was 7.34 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 1.57%, it implies a Forward Annual Dividend Yield of 1.60%. The stock’s 5-year Average Dividend Yield is 1.57. The current Payout Ratio is 54.26% for NOC, which recently paid a dividend on Mar 13, 2024 with an ex-dividend date of Feb 23, 2024. Stock splits for the company last occurred on Mar 31, 2011 when the company split stock in a 10000:9035 ratio.
Earnings Estimates
The company has 19 analysts who recommend its stock at the moment. On average, analysts expect EPS of $5.74 for the current quarter, with a high estimate of $6.04 and a low estimate of $5.48, while EPS last year was $5.5. The consensus estimate for the next quarter is $5.96, with high estimates of $6.15 and low estimates of $5.63.
Analysts are recommending an EPS of between $25.24 and $23.65 for the fiscal current year, implying an average EPS of $24.65. EPS for the following year is $27.61, with 21 analysts recommending between $28.8 and $26.6.
Revenue Estimates
According to 18 analysts, the current quarter’s revenue is expected to be $9.76B. It ranges from a high estimate of $10.02B to a low estimate of $9.64B. As of the current estimate, Northrop Grumman Corp.’s year-ago sales were $9.3B, an estimated increase of 4.90% from the year-ago figure. For the next quarter, 18 analysts are estimating revenue of $10.04B, an increase of 4.90% over than the figure of $4.90% in the same quarter last year. There is a high estimate of $10.17B for the next quarter, whereas the lowest estimate is $9.93B.
A total of 21 analysts have provided revenue estimates for NOC’s current fiscal year. The highest revenue estimate was $41.44B, while the lowest revenue estimate was $40.85B, resulting in an average revenue estimate of $41.09B. In the same quarter a year ago, actual revenue was $39.29B, up 4.60% from the average estimate. Based on 22 analysts’ estimates, the company’s revenue will be $43.28B in the next fiscal year. The high estimate is $44.53B and the low estimate is $42.52B. The average revenue growth estimate for next year is up 5.30% from the average revenue estimate for this year.
