Northrop Grumman (NYSE:NOC – Get Free Report) announced its quarterly earnings results on Thursday. The aerospace company reported $6.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.93 by $0.43, Briefing.com reports. The company had revenue of $10.22 billion during the quarter, compared to the consensus estimate of $10.02 billion. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. Northrop Grumman’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $5.34 earnings per share.
Northrop Grumman Price Performance
Shares of NYSE:NOC traded up $9.73 during midday trading on Friday, hitting $480.30. The company had a trading volume of 1,164,624 shares, compared to its average volume of 785,878. Northrop Grumman has a twelve month low of $414.56 and a twelve month high of $496.89. The stock has a market cap of $71.08 billion, a price-to-earnings ratio of 33.59, a price-to-earnings-growth ratio of 2.16 and a beta of 0.33. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 1.02. The business’s 50-day simple moving average is $441.47 and its 200-day simple moving average is $455.46.
Northrop Grumman Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Tuesday, May 28th were issued a dividend of $2.06 per share. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.87. This represents a $8.24 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, May 24th. Northrop Grumman’s payout ratio is currently 57.62%.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on Northrop Grumman
About Northrop Grumman
Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.
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