Northrop Grumman Corp (NYSE: NOC) has reported earnings for its second fiscal quarter (ending June 30) of $6.37 versus $5.35 for the same period a year ago — an increase of 19%. This result exceeded the consensus estimate of $5.95 by $0.42. For the latest four quarters through June 30, E.P.S. were $15.38 versus $30.33 for the same period a year ago — a decline of -49%.
Recent Price Action
On 7/25/24, Northrop Grumman Corp (NYSE: NOC) stock enjoyed a very large increase of 6.4%, closing at $470.57. Moreover, trading volume in this advance was exceptionally high at 217% of normal. Relative to the market the stock has been weak over the last nine months but has risen 6.9% during the last week.
Current PriceTarget Research Rating
NOC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Northrop Grumman has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Northrop Grumman has a poor Appreciation Score of 27 but a neutral Power Rating of 51, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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