Northrop's 3Q Launched Into Orbit Thanks to Growth From New Innovation Systems Business
Wide-moat Northrop Grumman reported third-quarter results that beat consensus earnings estimates thanks to lower-than-expected taxes and solid operating margin performance across its businesses. Management again increased its full-year 2018 earnings per share guidance this quarter to $18.75-$19 from $16.60-$16.85. We're maintaining our $320 fair value estimate. The stock currently looks a bit undervalued at a price/fair value of around 0.90.Revenues increased 23% thanks to the first full quart...
Northrop Grumman is a security company. The company's segments include: Aerospace Systems, which is engaged in the design, development, integration and production of manned aircraft, autonomous systems, spacecraft, high-energy laser systems, microelectronics and other systems and subsystems; Innovation Systems, which is engaged in the design, development, integration and production of flight, armament and space systems; Mission Systems, which is engaged in end-to-end mission solutions and multifunction systems; and Technology Services, which is engaged in delivering solutions and services in support of mission-critical networks and systems.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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