Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Textron, northrop grumman, and general dynamics report

4,920 views

Published on

Three of America's biggest defense contractors reported earnings this week -- but only one of them deserves a place in your portfolio.

  • The Scrambler Unlock Her Legs | 95% Off by Bobby Rio-Rob Judge? ➤➤ https://tinyurl.com/y52uv4vq
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Nice !! Download 100 % Free Ebooks, PPts, Study Notes, Novels, etc @ https://www.ThesisScientist.com
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Hello! High Quality And Affordable Essays For You. Starting at $4.99 per page - Check our website! https://vk.cc/82gJD2
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here

Textron, northrop grumman, and general dynamics report

  1. 1. Textron, Northrop Grumman, and General Dynamics Report: Three Stocks – Three Winners!
  2. 2. A Tale of Three Defense Contractors Three of America’s biggest names in defense contracting reported earnings this week – and the investing crowd went wild!
  3. 3. What: Textron (NYSE: TXT) was first out of the gate, reporting earnings Tuesday morning and seeing its shares surge 9% in response.
  4. 4. So What: Quarterly sales slid 7% year over year to $3.25 billion Profits were off 18% at $0.60 per share And manufacturing free cash flow dropped by nearly two-thirds to $89 million
  5. 5. Now What: Textron “beat earnings” for the quarter, which may explain why investors reacted so positively. The plunge in free cash flow is nonetheless concerning. Priced at more than 200 times this year’s likely cash profits, Textron shares look very expensive.
  6. 6. What: • Text Next came Northrop Grumman (NYSE: NOC). The drone-maker reported runaway profits Wednesday, then watched its share price rocket more than 7%.
  7. 7. So What: Sales slipped 2% to $5.9 billion But slightly higher profit margins and a big reduction in share count led to… …16% improvement in profits per share -- $2.74!
  8. 8. Now What: Northrop Grumman has been taking on billions of dollars in debt to fund its share buybacks. That can’t continue forever. But if buybacks stop, earnings growth will suffer. Caveat investor. Text
  9. 9. What: General Dynamics’ (NYSE: GD) results were nearly as good, as was its price pop. By early Friday, the shares were up more than 4%.
  10. 10. So What: General Dynamics delivered perhaps the week’s best news:  Sales up 5.5% to $7.9 billion  Operating profit margins up one full percentage point  And a whopping 44% increase in earnings per share -- to $2.27 Text
  11. 11. Now What: CEO Phebe Novakovic called her company’s performance “rock solid” – and we agree. With billions of dollars of new armored vehicle contracts to execute, and a potential big shipbuilding win from the US Coast Guard, General Dynamics’ future looks very bright. Text
  12. 12. This $19 trillion industry could destroy the Internet One bleeding-edge technology is about to put the World Wide Web to bed. And if you act quickly, you could be among the savvy investors who enjoy the profits from this stunning change. Experts are calling it the single largest business opportunity in the history of capitalism... The Economist is calling it "transformative"... But you'll probably just call it "how I made my millions." Don't be too late to the party -- click here for one stock to own when the Web goes dark.

×