Press coverage about Orbital ATK (NYSE:OA) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Orbital ATK earned a news impact score of 0.21 on Accern’s scale. Accern also assigned press coverage about the aerospace company an impact score of 46.2303012222778 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Orbital ATK Inc (OA) Shares Bought by The Manufacturers Life Insurance Company (americanbankingnews.com)
- 28,200 Shares in Orbital ATK Inc (OA) Acquired by Spark Investment Management LLC (americanbankingnews.com)
- Orbital ATK Inc (OA) Shares Sold by London Co. of Virginia (americanbankingnews.com)
- Rhumbline Advisers Has $14.78 Million Stake in Orbital ATK Inc (OA) (americanbankingnews.com)
- Orbital ATK Inc (OA) Expected to Announce Earnings of $1.50 Per Share (americanbankingnews.com)
A number of brokerages have commented on OA. Credit Suisse Group lowered Orbital ATK from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 8th. Zacks Investment Research raised Orbital ATK from a “hold” rating to a “buy” rating and set a $148.00 price objective on the stock in a report on Wednesday, January 10th. Cowen reaffirmed a “hold” rating and issued a $134.50 price objective on shares of Orbital ATK in a report on Wednesday, November 22nd. ValuEngine raised Orbital ATK from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, FIG Partners raised Orbital ATK to a “market perform” rating in a report on Wednesday, January 24th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Orbital ATK has a consensus rating of “Hold” and a consensus price target of $123.56.
Orbital ATK (NYSE:OA) last released its earnings results on Thursday, February 22nd. The aerospace company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.02). The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.26 billion. Orbital ATK had a net margin of 6.50% and a return on equity of 18.32%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 earnings per share. analysts expect that Orbital ATK will post 6.73 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.97%. Orbital ATK’s payout ratio is 23.97%.
In other news, Director Harrison H. Schmitt sold 1,500 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $131.60, for a total transaction of $197,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.20% 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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