NOC announces that its management has approved a 12.1% hike in its quarterly dividend to $2.31 per share.
Investors interested in NOC stock should wait for a better entry point, considering its premium valuation.
Northrop Grumman (NOC 2.20%) stock is in a funk. With the company reporting earnings on Tuesday, the stock promptly tanked 12.6%.
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Northrop Grumman posted a drop in profits in the first quarter of 2025. It said higher manufacturing costs for the B-21 Raider stealth bomber were to blame.
Northrop Grumman's stock dipped over 10% after disappointing Q1'25 earnings, missing revenue by $480 million and EPS due to B-21 bomber cost overruns. The defense sector faces potential headwinds from reduced U.S. spending, trade wars, and incentives for the EU to buy from European suppliers. Northrop Grumman cut GAAP EPS guidance to $25.15 due to the B-21 charge, but the stock still trades at a forward P/E ratio of 16.5x when excluding this large charge.
Northrop Grumman Corporation (NYSE:NOC ) Q1 2025 Earnings Conference Call April 22, 2025 9:30 AM ET Company Participants Todd Ernst - Vice President, Investor Relations Kathy Warden - Chair, CEO and President Ken Crews - CFO Conference Call Participants Kristine Liwag - Morgan Stanley Robert Stallard - Vertical Research Ronald Epstein - Bank of America Sheila Kahyaoglu - Jefferies Scott Deuschle - Deutsche Bank Seth Seifman - JP Morgan Michael Ciarmoli - Truist Securities Doug Harned - Bernstein Matt Akers - Wells Fargo Myles Walton - Wolfe Research Ken Herbert - RBC Capital Markets David Strauss - Barclays Scott Mikus - Melius Research Operator Good day, ladies and gentlemen, and welcome to Northrop Grumman's First Quarter 2025 Conference Call. Today's call is being recorded.
NOC's first-quarter earnings miss the Zacks Consensus Estimate by 2.4%. Its top line declines 6.6% from the year-ago quarter.
The headline numbers for Northrop Grumman (NOC) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Northrop Grumman (NOC) came out with quarterly earnings of $6.06 per share, missing the Zacks Consensus Estimate of $6.21 per share. This compares to earnings of $6.32 per share a year ago.
The defense contractor posted a decline in first-quarter sales and earnings, and slashed its 2025 earnings projections.