Orbital ATK, Inc. (OA) Expected to Post Earnings of $1.84 Per Share
Equities research analysts predict that Orbital ATK, Inc. (NYSE:OA) will report $1.84 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Orbital ATK’s earnings. The lowest EPS estimate is $1.78 and the highest is $1.91. Orbital ATK reported earnings of $1.26 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 46%. The firm is scheduled to announce its next earnings results on Wednesday, March 14th.
According to Zacks, analysts expect that Orbital ATK will report full-year earnings of $6.22 per share for the current fiscal year, with EPS estimates ranging from $6.09 to $6.45. For the next financial year, analysts expect that the firm will report earnings of $6.71 per share, with EPS estimates ranging from $6.60 to $6.90. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Orbital ATK.
Orbital ATK (NYSE:OA) last posted its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $1.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.19. Orbital ATK had a return on equity of 17.32% and a net margin of 6.62%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company posted $1.15 EPS. The business’s quarterly revenue was up 16.6% on a year-over-year basis.
Several research analysts have recently weighed in on the company. Wells Fargo & Company lowered Orbital ATK from an “outperform” rating to a “market perform” rating in a research report on Friday, October 6th. Jefferies Group lowered Orbital ATK from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $122.00 to $134.50 in a research report on Thursday, October 5th. Zacks Investment Research raised Orbital ATK from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Tuesday, October 3rd. ValuEngine lowered Orbital ATK from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Credit Suisse Group lowered Orbital ATK from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 8th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Orbital ATK has a consensus rating of “Hold” and a consensus target price of $122.06.
Orbital ATK (NYSE:OA) traded up $0.34 during mid-day trading on Monday, hitting $132.28. The stock had a trading volume of 596,500 shares, compared to its average volume of 432,397. Orbital ATK has a 1 year low of $82.44 and a 1 year high of $134.59. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.66 and a current ratio of 1.87. The company has a market cap of $7,630.70, a price-to-earnings ratio of 22.81, a PEG ratio of 2.36 and a beta of -0.24.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Thursday, November 16th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, November 15th. Orbital ATK’s payout ratio is 23.79%.
Institutional investors have recently modified their holdings of the stock. LSV Asset Management increased its holdings in Orbital ATK by 5,651.1% during the 2nd quarter. LSV Asset Management now owns 1,409,015 shares of the aerospace company’s stock worth $138,590,000 after purchasing an additional 1,384,515 shares in the last quarter. Magnetar Financial LLC increased its holdings in Orbital ATK by 33,729.1% during the 3rd quarter. Magnetar Financial LLC now owns 825,091 shares of the aerospace company’s stock worth $109,869,000 after purchasing an additional 822,652 shares in the last quarter. Alpine Associates Management Inc. bought a new stake in Orbital ATK during the 3rd quarter worth approximately $83,861,000. JPMorgan Chase & Co. increased its holdings in Orbital ATK by 96.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 533,733 shares of the aerospace company’s stock worth $70,880,000 after purchasing an additional 262,372 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in Orbital ATK by 231.8% during the 3rd quarter. Prudential Financial Inc. now owns 366,425 shares of the aerospace company’s stock worth $48,793,000 after purchasing an additional 256,003 shares in the last quarter. 85.80% of the stock is owned by institutional investors and hedge funds.
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About Orbital ATK
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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