Brokerages Expect Huntington Ingalls Industries Inc (HII) Will Post Earnings of $4.39 Per Share

Equities analysts predict that Huntington Ingalls Industries Inc (NYSE:HII) will announce earnings per share (EPS) of $4.39 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Huntington Ingalls Industries’ earnings, with estimates ranging from $4.23 to $4.60. Huntington Ingalls Industries reported earnings of $3.11 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 41.2%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 21st.

On average, analysts expect that Huntington Ingalls Industries will report full year earnings of $17.43 per share for the current financial year, with EPS estimates ranging from $16.86 to $18.74. For the next fiscal year, analysts anticipate that the firm will report earnings of $17.17 per share, with EPS estimates ranging from $16.50 to $17.90. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Huntington Ingalls Industries.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, November 8th. The aerospace company reported $5.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.14 by $1.15. Huntington Ingalls Industries had a return on equity of 39.78% and a net margin of 7.84%. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the previous year, the firm posted $3.27 EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis.

HII has been the topic of several recent analyst reports. ValuEngine upgraded Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Monday, October 22nd. Cowen reiterated a “buy” rating and set a $260.00 target price (up previously from $250.00) on shares of Huntington Ingalls Industries in a research report on Friday, August 10th. Seaport Global Securities initiated coverage on Huntington Ingalls Industries in a research report on Thursday, August 23rd. They set a “neutral” rating and a $260.00 target price on the stock. UBS Group initiated coverage on Huntington Ingalls Industries in a research report on Wednesday, August 15th. They set a “buy” rating and a $290.00 target price on the stock. Finally, Zacks Investment Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, October 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus price target of $262.83.

In other news, VP Jerri F. Dickseski sold 271 shares of the business’s 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 sale, the vice president now owns 34,750 shares of the company’s stock, valued at approximately $8,959,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.22% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. FMR LLC lifted its stake in Huntington Ingalls Industries by 5.3% in the 3rd quarter. FMR LLC now owns 4,014,096 shares of the aerospace company’s stock valued at $1,027,930,000 after buying an additional 200,602 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Huntington Ingalls Industries by 8.1% in the 3rd quarter. Wells Fargo & Company MN now owns 865,264 shares of the aerospace company’s stock valued at $221,578,000 after buying an additional 64,786 shares in the last quarter. Bank of Montreal Can purchased a new stake in Huntington Ingalls Industries in the 2nd quarter valued at approximately $185,624,000. Artemis Investment Management LLP lifted its stake in Huntington Ingalls Industries by 32.2% in the 3rd quarter. Artemis Investment Management LLP now owns 617,820 shares of the aerospace company’s stock valued at $158,232,000 after buying an additional 150,552 shares in the last quarter. Finally, Boston Partners lifted its stake in Huntington Ingalls Industries by 2.5% in the 2nd quarter. Boston Partners now owns 589,518 shares of the aerospace company’s stock valued at $127,802,000 after buying an additional 14,395 shares in the last quarter. 85.56% of the stock is currently owned by institutional investors and hedge funds.

NYSE HII traded up $3.59 on Friday, hitting $223.65. 569,941 shares of the company’s stock were exchanged, compared to its average volume of 422,193. The company has a current ratio of 1.43, a quick ratio of 1.31 and a debt-to-equity ratio of 0.75. Huntington Ingalls Industries has a fifty-two week low of $201.91 and a fifty-two week high of $276.69. The stock has a market capitalization of $10.14 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 0.91 and a beta of 1.13.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.86 per share. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.72. The ex-dividend date is Thursday, November 29th. This represents a $3.44 annualized dividend and a dividend yield of 1.54%. Huntington Ingalls Industries’s payout ratio is 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.

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Earnings History and Estimates for Huntington Ingalls Industries (NYSE:HII)

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