Orbital ATK, Inc. (OA) Issues FY17 Earnings Guidance
Orbital ATK, Inc. (NYSE:OA) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $5.95-6.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.03. The company issued revenue guidance of $4.60-4.65 billion, compared to the consensus revenue estimate of $4.60 billion.
A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Orbital ATK from a sell rating to a hold rating in a research report on Monday, July 17th. BidaskClub upgraded Orbital ATK from a hold rating to a buy rating in a research report on Saturday, July 8th. Jefferies Group LLC restated a buy rating and set a $115.00 price objective on shares of Orbital ATK in a research report on Wednesday, April 12th. Cowen and Company restated a buy rating on shares of Orbital ATK in a research report on Thursday, May 11th. Finally, Goldman Sachs Group, Inc. (The) restated a neutral rating and set a $106.00 price objective on shares of Orbital ATK in a research report on Monday, June 5th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $104.68.
Orbital ATK, Inc. (NYSE:OA) opened at 106.56 on Friday. Orbital ATK, Inc. has a 1-year low of $67.04 and a 1-year high of $107.15. The stock’s 50 day moving average price is $100.78 and its 200-day moving average price is $96.97. The company has a market cap of $6.15 billion, a PE ratio of 21.97 and a beta of -0.31.
Orbital ATK (NYSE:OA) last released its earnings results on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.11. Orbital ATK had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company posted $1.35 EPS. The business’s revenue was up 2.9% on a year-over-year basis. On average, analysts forecast that Orbital ATK, Inc. will post $6.06 earnings per share for the current year.
In other news, VP Christine Ann Wolf sold 5,039 shares of Orbital ATK stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $101.54, for a total transaction of $511,660.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Thomas E. Mccabe sold 400 shares of Orbital ATK stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $101.60, for a total transaction of $40,640.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,672 shares of company stock worth $1,510,619. Corporate insiders own 1.20% of the company’s stock.
Orbital ATK Company Profile
Orbital ATK, Inc is an aerospace and defense systems company and supplier of related products to the United States Government, allied nations, prime contractors and other customers. The Company’s segments include Flight Systems Group, Defense Systems Group, Space Systems Group and Corporate. Its products include launch vehicles and related propulsion systems; satellites and associated components and services; tactical missiles, subsystems and defense electronics, and precision weapons, armament systems and ammunition.
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