Brokerages expect that Northrop Grumman Co. (NYSE:NOC) will post earnings of $4.61 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Northrop Grumman’s earnings, with the highest EPS estimate coming in at $5.05 and the lowest estimate coming in at $4.19. Northrop Grumman reported earnings of $4.21 per share during the same quarter last year, which indicates a positive year over year growth rate of 9.5%. The company is scheduled to issue its next quarterly earnings report on Wednesday, April 24th.

According to Zacks, analysts expect that Northrop Grumman will report full-year earnings of $19.09 per share for the current financial year, with EPS estimates ranging from $17.00 to $20.57. For the next year, analysts expect that the firm will report earnings of $21.80 per share, with EPS estimates ranging from $19.30 to $23.04. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Northrop Grumman.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Thursday, January 31st. The aerospace company reported $4.93 EPS for the quarter, beating analysts’ consensus estimates of $4.45 by $0.48. The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.11 billion. Northrop Grumman had a return on equity of 41.24% and a net margin of 9.73%. During the same period last year, the company earned $2.82 earnings per share.

A number of brokerages have recently commented on NOC. Wells Fargo & Co lowered their price target on Northrop Grumman from $360.00 to $340.00 and set an “outperform” rating on the stock in a report on Thursday, October 25th. ValuEngine raised Northrop Grumman from a “sell” rating to a “hold” rating in a report on Saturday, November 10th. Cowen reissued a “hold” rating and set a $300.00 price target on shares of Northrop Grumman in a report on Thursday, January 31st. Drexel Hamilton set a $335.00 price target on Northrop Grumman and gave the company a “buy” rating in a report on Saturday. Finally, Goldman Sachs Group lowered Northrop Grumman from a “conviction-buy” rating to a “buy” rating in a report on Friday, February 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. Northrop Grumman currently has a consensus rating of “Buy” and an average price target of $336.94.

A number of hedge funds have recently made changes to their positions in the stock. Laurel Wealth Advisors LLC acquired a new position in shares of Northrop Grumman in the 4th quarter valued at $27,000. Athena Capital Advisors LLC acquired a new position in shares of Northrop Grumman in the 4th quarter valued at $31,000. Gantzert Investment Co. LLC ADV acquired a new position in shares of Northrop Grumman in the 4th quarter valued at $32,000. Penserra Capital Management LLC boosted its position in shares of Northrop Grumman by 31.3% in the 4th quarter. Penserra Capital Management LLC now owns 168 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 40 shares during the period. Finally, First Mercantile Trust Co. acquired a new position in shares of Northrop Grumman in the 4th quarter valued at $47,000. 87.31% of the stock is owned by institutional investors and hedge funds.

Shares of NOC opened at $281.47 on Friday. The firm has a market cap of $47.78 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 1.24 and a beta of 0.89. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 1.70. Northrop Grumman has a one year low of $223.63 and a one year high of $360.88.

Northrop Grumman declared that its Board of Directors has authorized a stock buyback plan on Tuesday, December 4th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the aerospace company to reacquire up to 6.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Northrop Grumman Company Profile

Northrop Grumman Corporation operates as a security company for government and commercial customers worldwide. It provides products, systems, and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR); strike; and logistics and modernization.

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Earnings History and Estimates for Northrop Grumman (NYSE:NOC)

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