For its third fiscal quarter (ending September 30), Northrop Grumman Corp (NYSE: NOC) has reported a 13% increase in E.P.S. from $6.20 a year ago to $7.02 in the current quarter. For the latest four quarters through September 30, E.P.S. were $16.19 compared to $30.61 a year ago — a decline of -47%.
Recent Price Action
On 10/24/24, Northrop Grumman Corp (NYSE: NOC) stock increased 1.4%, closing at $523.68. Moreover, this advance was accompanied by exceptionally high trading volume at 224% of normal. Relative to the market the stock has been strong over the last nine months but has declined -1.5% 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 C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Northrop Grumman has a poor Appreciation Score of 25 but a good Power Rating of 74, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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