Latest Stocks: Orbital ATK Inc (OA) Expected to Post Earnings of $1.35 Per Share

Latest Stocks: Orbital ATK Inc (OA) Expected to Post Earnings of $1.35 Per Share

Analysts expect Orbital ATK Inc (NYSE:OA) to report earnings of $1.35 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Orbital ATK’s earnings, with estimates ranging from $1.30 to $1.38. Orbital ATK posted earnings per share of $1.31 in the same quarter last year, which suggests a positive year over year growth rate of 3.1%. The business is scheduled to issue its next earnings results before the market opens on Thursday, May 11th.

According to Zacks, analysts expect that Orbital ATK will report full year earnings of $6.11 per share for the current year, with EPS estimates ranging from $6.00 to $6.35. For the next year, analysts expect that the business will post earnings of $6.72 per share, with EPS estimates ranging from $6.55 to $7.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Orbital ATK.

Orbital ATK (NYSE:OA) last announced its quarterly earnings data on Wednesday, March 8th. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by $0.19. The business earned $1.27 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Orbital ATK had a return on equity of 16.55% and a net margin of 5.94%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.44 earnings per share. OA has been the topic of a number of research reports. SunTrust Banks, Inc. initiated coverage on Orbital ATK in a report on Thursday, January 19th. They issued a “buy” rating and a $106.00 price target on the stock. Zacks Investment Research upgraded Orbital ATK from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a report on Friday, March 10th. Stifel Nicolaus cut their price target on Orbital ATK from $120.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, March 9th. Jefferies Group LLC restated a “buy” rating and issued a $115.00 price target (up from $100.00) on shares of Orbital ATK in a report on Saturday, March 11th. Finally, Cowen and Company restated a “hold” rating and issued a $83.00 price target on shares of Orbital ATK in a report on Wednesday, March 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Orbital ATK presently has an average rating of “Buy” and an average target price of $102.97.

Orbital ATK (NYSE:OA) traded up 0.35% during midday trading on Tuesday, hitting $98.63. The stock had a trading volume of 270,543 shares. Orbital ATK has a 52 week low of $67.04 and a 52 week high of $102.72. The stock has a 50-day moving average of $98.27 and a 200-day moving average of $89.68. The business also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Wednesday, June 7th will be issued a dividend of $0.32 per share. The ex-dividend date is Monday, June 5th. This represents a $1.28 annualized dividend and a yield of 1.30%. Orbital ATK’s payout ratio is presently 27.15%.

Orbital ATK (NYSE:OA) traded up 0.35% during midday trading on Tuesday, hitting $98.63. The stock had a trading volume of 270,543 shares. Orbital ATK has a 52 week low of $67.04 and a 52 week high of $102.72. The stock has a 50-day moving average of $98.27 and a 200-day moving average of $89.68. In related news, Director Harrison H. Schmitt sold 1,000 shares of the company’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $99.01, for a total transaction of $99,010.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Thomas E. Mccabe sold 1,922 shares of the company’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $99.00, for a total value of $190,278.00. Following the sale, the vice president now owns 5,539 shares in the company, valued at approximately $548,361. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC raised its stake in Orbital ATK by 8.7% in the third quarter. First Eagle Investment Management LLC now owns 4,726,422 shares of the aerospace company’s stock valued at $360,295,000 after buying an additional 379,124 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Orbital ATK by 40.0% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,115,449 shares of the aerospace company’s stock valued at $185,588,000 after buying an additional 604,219 shares during the last quarter. State Street Corp raised its stake in Orbital ATK by 6.0% in the fourth quarter. State Street Corp now owns 1,674,081 shares of the aerospace company’s stock valued at $146,868,000 after buying an additional 95,193 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in Orbital ATK by 0.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,317,878 shares of the aerospace company’s stock valued at $115,617,000 after buying an additional 10,660 shares during the last quarter. Finally, Iridian Asset Management LLC CT bought a new stake in Orbital ATK during the fourth quarter valued at about $108,294,000. Institutional investors and hedge funds own 89.97% of the company’s stock. About Orbital ATK

Orbital ATK, Inc is an aerospace and defense systems company and supplier of related products to the United States Government, allied nations, prime contractors and other customers. The Company’s segments include Flight Systems Group, Defense Systems Group, Space Systems Group and Corporate. Its products include launch vehicles and related propulsion systems; satellites and associated components and services; tactical missiles, subsystems and defense electronics, and precision weapons, armament systems and ammunition.

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