FALLS CHURCH, Va. - Northrop Grumman Corporation (NYSE: NYSE:NOC), a global aerospace and defense technology firm with a market capitalization of $68.1 billion, has announced it will release its fourth quarter and full-year 2024 financial results on January 30, 2025. According to InvestingPro data, the company has maintained strong financial performance with revenue of $41 billion in the last twelve months. The advisory release will be issued prior to the market's opening, directing the public to the complete earnings release available on the investor relations section of their website.
The company will also host a conference call at 9 a.m. Eastern Time on the same day to discuss the financial results. With analysts forecasting EPS of $26.29 for FY2024 and setting price targets ranging from $448 to $643, investors seeking detailed analysis can access comprehensive research through InvestingPro's exclusive reports. The call will be broadcast live via webcast on the Northrop Grumman website, with replays available for a limited period post-call. Additionally, the presentation may feature slides accessible on the investor relations homepage.
Northrop Grumman is recognized for developing advanced solutions that support global security and space exploration. The company emphasizes its dedication to addressing complex challenges faced by its customers. As a prominent player in the Aerospace & Defense industry, Northrop Grumman has demonstrated consistent shareholder value, maintaining dividend payments for 54 consecutive years and achieving a 10.16% dividend growth in the last twelve months. InvestingPro analysis indicates the stock is currently trading near its Fair Value.
In the press release, Northrop Grumman included a standard disclaimer regarding forward-looking statements, citing the Private Securities Litigation Reform Act of 1995. It clarified that such statements are not guarantees of future performance and are subject to risks and uncertainties. The company also noted that it does not intend to update these statements beyond the release date unless legally required. Notably, the company maintains a moderate level of debt and operates with a current ratio of 1.09, indicating stable financial health.
This announcement is based on a press release statement from Northrop Grumman. The company's filings with the Securities and Exchange Commission provide additional context for the risks and uncertainties mentioned in forward-looking statements.
In other recent news, Northrop Grumman has made significant strides in the aerospace and defense industry. The company has been selected to supply the U.S. Navy with a new E-130J aircraft, replacing the older E-6B Mercury fleet. This development leverages Northrop Grumman's substantial investment in digital engineering and manufacturing capabilities.
The company has also initiated the production of the first E-2D Advanced Hawkeye aircraft for the French Navy, marking a significant step in upgrading France's airborne command and control capabilities. Northrop Grumman's Integrated Battle Command System (IBCS) successfully demonstrated interoperability with the U.S. Army's emerging Indirect Fire Protection Capability (IFPC) system during flight tests.
Furthermore, Northrop Grumman has expanded its stock buyback program by an additional $3 billion, increasing the total authorized funds for repurchasing shares to approximately $4.2 billion. Analysts from Jefferies, Susquehanna, and UBS have revised their outlooks on Northrop Grumman's shares positively, following the company's robust third-quarter performance, which saw a 6% year-to-date revenue growth and a 13% increase in earnings per share.
These recent developments provide a snapshot of Northrop Grumman's activities and achievements in the industry.
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