Northrop Grumman's revenue per share has grown at 9.42% annually, since FY 2014; however, its gross profit margin and return on invested capital have shown concerning trends. The company pays a quarterly dividend of $2.06, with a current yield of 1.58%, and has room for future dividend growth. Recent earnings report showed a 13% increase in EPS and positive segment performance, leading to a 3% stock price rise.
Northrop Grumman's bet on a new space division is paying off in the form of stronger profit margins.
Investors interested in Aerospace - Defense stocks are likely familiar with Northrop Grumman (NOC) and Howmet (HWM). But which of these two stocks presents investors with the better value opportunity right now?
Italian energy company Eni and British oil giant BP have resumed exploration in Libya after onshore drilling was halted in 2014, Libya's national oil corporation (NOC) said on Saturday.
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Northrop Grumman Corporation (NYSE:NOC ) Q3 2024 Earnings Conference Call October 24, 2024 9:00 AM ET Company Participants Todd Ernst - VP, IR Kathy Warden - Chair and CEO Dave Keffer - President and CFO Ken Crews - Upcoming CFO Conference Call Participants Robert Stallard - Vertical Research Ronald Epstein - Bank of America Securities Sheila Kahyaoglu - Jefferies David Strauss - Barclays Jason Gursky - Citigroup Scott Deuschle - Deutsche Bank Gautam Khanna - TD Cowen Doug Harned - Bernstein Ken Herbert - RBC Capital Markets Myles Walton - Wolfe Research Seth Seifman - JPMorgan Matt Akers - Wells Fargo Securities Scott Mikus - Melius Research Operator Good day, ladies and gentlemen, and welcome to Northrop Grumman's Third Quarter 2024 Conference Call. Today's call is being recorded.
Although the revenue and EPS for Northrop Grumman (NOC) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
NOC's total Q3 sales miss the Zacks Consensus Estimate by 2.2%. The top line also rises 2.3% from the year-ago level.
Northrop Grumman (NOC) came out with quarterly earnings of $7 per share, beating the Zacks Consensus Estimate of $6.07 per share. This compares to earnings of $6.18 per share a year ago.
U.S. defense company Northrop Grumman on Thursday raised its 2024 profit forecast for the second time, amid increased global defense spending prompted by conflicts in the Middle East and the protracted Russia-Ukraine war.
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Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Northrop Grumman (NOC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.