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September 01, 2020 1:37pm
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Stock Update (NYSE:NOC): Northrop Grumman Australia, HTC Corporation Collaborate to Develop Secure Smartphone Solutions

[GlobeNewswire] – CANBERRA, Australia — Northrop Grumman M5 Network Security, an Australian subsidiary of Northrop Grumman Corporation , has announced an agreement with HTC Corporation, a global innovator in smart mobile … Read more on this. Northrop Grumman Corporation (NOC) , valued at $35.96B, started the session at $197.23. During the trading session, NOC traded between $197.10 to $198.88 and has traded between $152.31 and $198.88 over the past 12 months. NOC shares are currently priced at 19.23x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.98x earnings multiple for the same period. The company pays shareholders $3.20 per share annually in dividends, yielding 1.65%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $2.47 per share, which would be $0.06 better than the year-ago quarter and a $0.04 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 based on a consensus revenue forecast of the current quarter of $5.92 Billion. If realized, that would be a 0.67% decrease over the year-ago quarter. In terms of ratings, 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 is $203.64, which is 3.25% above where the stock opened this morning. See more in (NYSE:NOC) Similar Articles: Stock Update: Northrop Grumman Corporation (NYSE:NOC) – CPI Aerostructures Selected by Northrop Grumman to Supply Wing Components for Japanese E-2D Advanced Hawkeye Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Selected to Improve Survivability of US Air Force C-130 Aircraft Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Breaks Ground on Grand Sky’s Largest Expansion Project
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