Wall Street brokerages forecast that Huntington Ingalls Industries Inc (NYSE:HII) will announce earnings per share (EPS) of $4.16 for the current quarter, Zacks reports. Two analysts have made estimates for Huntington Ingalls Industries’ earnings. The lowest EPS estimate is $3.66 and the highest is $4.60. Huntington Ingalls Industries reported earnings of $3.11 per share during the same quarter last year, which would indicate a positive year over year growth rate of 33.8%. The firm is expected to announce its next earnings results on Thursday, February 21st.
According to Zacks, analysts expect that Huntington Ingalls Industries will report full-year earnings of $17.84 per share for the current year, with EPS estimates ranging from $17.20 to $18.78. For the next fiscal year, analysts anticipate that the company will post earnings of $16.64 per share, with EPS estimates ranging from $15.55 to $17.36. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Huntington Ingalls Industries.
Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, November 8th. The aerospace company reported $5.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.14 by $1.15. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.90 billion. Huntington Ingalls Industries had a net margin of 8.63% and a return on equity of 43.71%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.27 EPS.
A number of analysts have issued reports on the stock. Seaport Global Securities assumed coverage on shares of Huntington Ingalls Industries in a report on Thursday, August 23rd. They issued a “neutral” rating and a $260.00 price objective for the company. Goldman Sachs Group cut shares of Huntington Ingalls Industries from a “neutral” rating to a “sell” rating and set a $208.00 target price for the company. in a research report on Thursday, October 11th. Buckingham Research assumed coverage on shares of Huntington Ingalls Industries in a research report on Wednesday, September 12th. They issued a “buy” rating and a $297.00 target price for the company. UBS Group assumed coverage on shares of Huntington Ingalls Industries in a research report on Wednesday, August 15th. They issued a “buy” rating and a $290.00 target price for the company. Finally, Cowen restated a “buy” rating and issued a $260.00 target price (up from $250.00) on shares of Huntington Ingalls Industries in a research report on Friday, August 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. Huntington Ingalls Industries presently has a consensus rating of “Buy” and an average target price of $254.38.
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 shares were sold at an average price of $257.84, for a total value of $69,874.64. Following the completion of the transaction, the vice president now directly owns 34,750 shares in the company, valued at approximately $8,959,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.22% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Global Financial Private Capital LLC acquired a new position in Huntington Ingalls Industries during the 2nd quarter worth approximately $402,000. Virtu Financial LLC acquired a new position in Huntington Ingalls Industries during the 2nd quarter worth approximately $234,000. Ontario Teachers Pension Plan Board acquired a new position in Huntington Ingalls Industries during the 2nd quarter worth approximately $312,000. Schroder Investment Management Group increased its position in Huntington Ingalls Industries by 5,517.5% during the 2nd quarter. Schroder Investment Management Group now owns 89,880 shares of the aerospace company’s stock worth $19,396,000 after purchasing an additional 88,280 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Huntington Ingalls Industries by 34.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,077 shares of the aerospace company’s stock worth $1,317,000 after purchasing an additional 1,555 shares in the last quarter. Institutional investors and hedge funds own 85.44% of the company’s stock.
NYSE HII traded down $4.40 during trading on Monday, reaching $198.49. The company’s stock had a trading volume of 458,543 shares, compared to its average volume of 418,077. The company has a quick ratio of 1.03, a current ratio of 1.14 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $8.72 billion, a P/E ratio of 16.35 and a beta of 1.08. Huntington Ingalls Industries has a 12 month low of $194.61 and a 12 month high of $276.69.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a $0.86 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $0.72. This represents a $3.44 annualized dividend and a dividend yield of 1.73%. Huntington Ingalls Industries’s payout ratio is presently 28.34%.
About Huntington Ingalls Industries
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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