Orbital ATK Inc (OA) reported quarterly earnings results on Thursday, May-5-2016. The company reported $1.31 EPS for the quarter. Analysts had a consensus estimate of $1.31. The company posted revenue of $1065.00 million in the period, compared to analysts expectations of $1144.05 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS.
Many Wall Street Analysts have commented on Orbital ATK Inc. Shares were Reiterated by Stifel on Mar 2, 2016 to “Buy” and Lowered the Price Target to $ 95 from a previous price target of $100 .Orbital ATK Inc was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Feb 8, 2016.
Orbital ATK Inc closed down -0.35 points or -0.40% at $87.13 with 7,81,575 shares getting traded on Wednesday. Post opening the session at $87, the shares hit an intraday low of $86.36 and an intraday high of $87.78 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 21, 2016, Thomas E Mccabe (Senior VP and General Counsel) sold 495 shares at $79.76 per share price. According to the SEC, on Jan 6, 2016, Scott L Webster (director) sold 1,392 shares at $94.00 per share price. On Jan 6, 2016, Harrison H Schmitt (director) sold 1,000 shares at $91.95 per share price, according to the Form-4 filing with the securities and exchange commission.
Orbital ATK Inc. formerly Alliant Techsystems Inc. is an aerospace and defense company. The Company designs builds and delivers space defense and aviation-related systems. The Company operates through three business segments: Flight Systems Group which develops rockets that are used as small- and medium-class space launch vehicles; Defense Systems Group which develops and produces military small- medium- and large-caliber ammunition small-caliber commercial ammunition propulsion systems strike weapons precision weapons and munitions gun systems aircraft survivability systems fuzes and warheads and special mission aircraft and Space Systems Group which develops and produces small- and medium-class satellites that are used to enable global and regional communications and broadcasting conduct space-related scientific research and perform other activities related to national security.