Northrop Grumman Corp
NOC: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$933.00 | Txjy | Kpgtxbzdw |
Northrop Earnings: Solid Performance and Firmer Profit Projections; Fair Value Up $8 to $563
Northrop Grumman reported second-quarter 2024 results very close to our expectations, and management again tweaked this year's sales and profit guidance slightly upward. We didn't change our long-term forecasts, and the time value of money added $8 to our fair value estimate, which is now $563 per share.