Northrop Grumman Corporation (NOC) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $2.59 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $2.49. The company posted revenue of $5956.00 million in the period, compared to analysts expectations of $5930.48 million. During the same quarter in the previous year, the company posted $2.41 EPS.
Many Wall Street Analysts have commented on Northrop Grumman Corporation. Northrop Grumman Corporation was Initiated by Guggenheim to “Buy” on Apr 5, 2016. Company shares were Reiterated by Barclays on Feb 16, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 189 from a previous price target of $187 .Northrop Grumman Corporation was Upgraded by BofA/Merrill to ” Buy” on Feb 1, 2016.
Northrop Grumman Corporation opened for trading at $200.23 and hit $201.6399 on the upside on Friday, eventually ending the session at $200.75, with a gain of 0.38% or 0.75 points. The heightened volatility saw the trading volume jump to 8,53,855 shares. Company has a market cap of $36,324 M.
In a different news, on Mar 14, 2016, Kathy J Warden (Corp VP & Pres Mission Syst) sold 4,366 shares at $189.00 per share price. According to the SEC, on Mar 7, 2016, Thomas E Vice (Corp VP & Pres Aerospace Sys) sold 2,294 shares at $191.07 per share price. On Mar 7, 2016, Sheila C. Cheston (Corp. VP & General Counsel) sold 11,857 shares at $190.04 per share price, according to the Form-4 filing with the securities and exchange commission.
Northrop Grumman Corporation is a global security company. The Company provides systems products and solutions in unmanned systems; cyber; command control communications and computers (C4) intelligence surveillance and reconnaissance (C4ISR); strike aircraft and logistics and modernization to government and commercial customers across the world. The Company operates through four segments: Aerospace Systems Electronic Systems Information Systems and Technical Services. It offers a portfolio of capabilities and technologies that enable it to deliver systems and solutions for applications. It participates in many high-priority defense and Government programs in the United States and abroad. The Company conducts business with the United States Government the Department of Defense (DoD) and intelligence community. The Company also conducts business with local state and foreign Governments and domestic and international commercial customers.