Wall Street analysts forecast that Huntington Ingalls Industries Inc (NYSE:HII) will post sales of $1.92 billion for the current quarter, Zacks reports. Three analysts have made estimates for Huntington Ingalls Industries’ earnings, with the lowest sales estimate coming in at $1.89 billion and the highest estimate coming in at $1.98 billion. Huntington Ingalls Industries reported sales of $1.86 billion in the same quarter last year, which would suggest a positive year over year growth rate of 3.2%. The firm is expected to issue its next earnings report on Wednesday, November 14th.
On average, analysts expect that Huntington Ingalls Industries will report full-year sales of $7.86 billion for the current year, with estimates ranging from $7.81 billion to $7.92 billion. For the next financial year, analysts forecast that the firm will report sales of $8.05 billion, with estimates ranging from $8.01 billion to $8.10 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that follow Huntington Ingalls Industries.
Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, August 2nd. The aerospace company reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $1.19. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.88 billion. Huntington Ingalls Industries had a return on equity of 39.78% and a net margin of 7.84%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.21 earnings per share.
Several research firms have issued reports on HII. Buckingham Research began coverage on Huntington Ingalls Industries in a research note on Wednesday, September 12th. They issued a “buy” rating and a $297.00 price objective on the stock. Seaport Global Securities began coverage on Huntington Ingalls Industries in a research note on Thursday, August 23rd. They issued a “neutral” rating and a $260.00 price objective on the stock. UBS Group began coverage on Huntington Ingalls Industries in a research note on Wednesday, August 15th. They issued a “buy” rating and a $290.00 price objective on the stock. Cowen restated a “buy” rating and issued a $260.00 price objective (up previously from $250.00) on shares of Huntington Ingalls Industries in a research note on Friday, August 10th. Finally, Zacks Investment Research upgraded Huntington Ingalls Industries from a “sell” rating to a “hold” rating and set a $262.00 target price on the stock in a research note on Friday, August 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $270.55.
In other news, VP Jerri F. Dickseski sold 271 shares of the stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $257.84, for a total transaction of $69,874.64. Following the transaction, the vice president now owns 34,750 shares in the company, valued at $8,959,940. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jerri F. Dickseski sold 270 shares of the stock in a transaction that occurred on Tuesday, July 10th. The stock was sold at an average price of $225.00, for a total value of $60,750.00. Following the transaction, the vice president now owns 35,291 shares in the company, valued at approximately $7,940,475. The disclosure for this sale can be found here. 2.32% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Montreal Can bought a new position in Huntington Ingalls Industries during the 2nd quarter worth $185,624,000. FMR LLC increased its stake in Huntington Ingalls Industries by 18.5% during the 2nd quarter. FMR LLC now owns 3,813,494 shares of the aerospace company’s stock worth $826,727,000 after acquiring an additional 595,334 shares during the period. Millennium Management LLC increased its stake in Huntington Ingalls Industries by 537.7% during the 1st quarter. Millennium Management LLC now owns 354,169 shares of the aerospace company’s stock worth $91,291,000 after acquiring an additional 298,629 shares during the period. Marshall Wace LLP increased its stake in Huntington Ingalls Industries by 6,975.0% during the 2nd quarter. Marshall Wace LLP now owns 157,630 shares of the aerospace company’s stock worth $34,173,000 after acquiring an additional 155,402 shares during the period. Finally, Hexavest Inc. bought a new position in Huntington Ingalls Industries during the 2nd quarter worth $31,074,000. Institutional investors own 85.63% of the company’s stock.
NYSE:HII traded down $0.14 on Monday, hitting $261.14. The company’s stock had a trading volume of 514,200 shares, compared to its average volume of 477,980. The company has a quick ratio of 1.31, a current ratio of 1.43 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $11.09 billion, a price-to-earnings ratio of 21.51, a P/E/G ratio of 0.99 and a beta of 0.99. Huntington Ingalls Industries has a one year low of $201.91 and a one year high of $276.69.
The company also recently announced a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.10%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 23.72%.
Huntington Ingalls Industries Company Profile
Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.
See Also: Day Trading
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Huntington Ingalls Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Ingalls Industries and related companies with MarketBeat.com's FREE daily email newsletter.