Northrop Grumman Corporation (NOC) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $2.85 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.32. Analysts had a consensus of $2.53. The company posted revenue of $6000.00 million in the period, compared to analysts expectations of $5921.84 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.54 EPS.
Many Wall Street Analysts have commented on Northrop Grumman Corporation. RBC Capital Mkts Downgraded Northrop Grumman Corporation on May 19, 2016 to ” Sector Perform”, Price Target of the shares are set at $222.Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 200 from a previous price target of $189 .
Northrop Grumman Corporation closed down -0.58 points or -0.27% at $217.23 with 12,19,197 shares getting traded on Thursday. Post opening the session at $217.78, the shares hit an intraday low of $215.62 and an intraday high of $218.88 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Jul 5, 2016, Christopher T Jones (Corp VP & Pres Tech Svcs) sold 240 shares at $222.50 per share price. According to the SEC, on Jun 9, 2016, Sheila C. Cheston (Corp. VP & General Counsel) sold 3,105 shares at $215.52 per share price. On Jun 7, 2016, Donald E Felsinger (director) sold 4,640 shares at $215.69 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.