Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Foundation Recognizes Top Teams Advancing to CyberPatriot VIII National Finals Competition

[GlobeNewswire] – FALLS CHURCH, Va. — The Northrop Grumman Foundation, presenting sponsor for CyberPatriot VIII, congratulates the top 25 high school and three middle school teams advancing to the national finals competition … Read more on this. Northrop Grumman Corporation (NOC) , with a current market cap of $33.78B, started the session at $190.09. A quick look at the market, the company’s stock traded between $186.35 and $191.16 and has traded between $152.31 and $194.80 over the past year. NOC shares are currently priced at 18.68x 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%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $2.46 per share, which would be $0.05 better than the year-ago quarter and a $0.05 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $10.23 is a $0.16 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.92 Billion. If reported, that would be a 0.67% decrease over the year-ago quarter. Recently, BofA/Merrill upgraded NOC from Neutral to Buy (Feb 1, 2016). Previously, Drexel Hamilton upgraded NOC from Hold to Buy. The average price target for NOC shares by the analysts covering it is $203.64, which is 7.13% above where the stock opened. See more in (NYSE:NOC) Similar Articles: Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Selected to Improve Survivability of US Air Force C-130 Aircraft Market Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Foundation Announces Finalists of Its Fab School Labs Makeover Contest Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Breaks Ground on Grand Sky’s Largest Expansion Project