Truist Securities analyst Michael Ciarmoli reiterated a Buy rating on the shares of Northrop Grumman Corp NOC with a price forecast of $545.
Northrop Grumman's record $91.5 billion backlog, strong international demand, and key defense programs like the B-21 bomber drive long-term revenue growth. Consistent dividend growth, aggressive buybacks, and a 100% free cash flow return pledge make NOC a reliable income play. Despite supply chain issues, inflation, and budget uncertainties, Northrop Grumman's resilient business model and strong margins make it a true sleep-well-at-night stock.
Northrop Grumman is a strong long-term investment due to its strong market position, fair valuation, and expected growth in the aerospace and defense sector. NOC's advancements in A.I. and autonomous systems will drive demand for modern military equipment, boosting revenue and margins. The current political climate and global tensions support steady defense spending, benefiting NOC's innovative technology and product offerings.
NOC's Q4 sales of $10.69 billion miss the Zacks Consensus Estimate by 3.1%. The top line inches up 0.5% from the year-ago quarter's level.
Northrop Grumman Corporation (NYSE:NOC ) Q4 2024 Earnings Conference Call January 30, 2025 9:00 AM ET Company Participants Todd Ernst - Vice President of Investor Relations Kathy Warden - Chair, Chief Executive Officer, and President Ken Crews - Chief Financial Officer Conference Call Participants Ronald Epstein - Bank of America Scott Deuschle - Deutsche Bank Sheila Kahyaoglu - Jefferies Douglas Harned - Bernstein Seth Seifman - J.P. Morgan Matt Akers - Wells Fargo Gavin Parsons - UBS Peter Arment - Robert W.
Although the revenue and EPS for Northrop Grumman (NOC) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Northrop Grumman (NOC) came out with quarterly earnings of $6.39 per share, beating the Zacks Consensus Estimate of $6.27 per share. This compares to earnings of $6.27 per share a year ago.
NOC's Q4 results are likely to be boosted by the robust sales performance delivered by three of its major business segments.
Northrop Grumman (NOC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Northrop Grumman (NOC) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, NOC broke through the 200-day moving average, which suggests a long-term bullish trend.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Northrop Grumman Corporation is a premier aerospace and defense company with a strong backlog and impressive growth, making it a compelling long-term investment. NOC's high backlog of $85 billion and increasing NATO defense budgets support sustained revenue and free cash flow growth. Strong profitability, disciplined capital allocation, and robust share buybacks and dividend growth enhance NOC's appeal for growth at a reasonable price.