$1.94 Billion in Sales Expected for Huntington Ingalls Industries Inc (HII) This Quarter

Wall Street analysts forecast that Huntington Ingalls Industries Inc (NYSE:HII) will post sales of $1.94 billion for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Huntington Ingalls Industries’ earnings. The highest sales estimate is $1.98 billion and the lowest is $1.91 billion. Huntington Ingalls Industries posted sales of $1.86 billion in the same quarter last year, which suggests a positive year over year growth rate of 4.3%. The company is scheduled to issue its next quarterly earnings results 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 year, analysts expect that the company will post sales of $8.08 billion per share, with estimates ranging from $8.05 billion to $8.10 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Huntington Ingalls Industries.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, August 2nd. The aerospace company reported $5.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.21 by $1.19. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Huntington Ingalls Industries had a net margin of 7.84% and a return on equity of 39.78%. Huntington Ingalls Industries’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.21 EPS.

A number of equities analysts recently issued reports on the stock. Seaport Global Securities assumed coverage on shares of Huntington Ingalls Industries in a research note on Thursday, August 23rd. They issued a “neutral” rating and a $260.00 price target on the stock. Vertical Research assumed coverage on shares of Huntington Ingalls Industries in a research note on Tuesday, June 26th. They issued a “buy” rating on the stock. Credit Suisse Group dropped their price target on shares of Huntington Ingalls Industries from $328.00 to $301.00 and set an “outperform” rating on the stock in a research note on Friday, May 4th. Stifel Nicolaus dropped their price target on shares of Huntington Ingalls Industries from $230.00 to $200.00 and set a “sell” rating on the stock in a research note on Friday, May 4th. Finally, Cowen reiterated a “buy” rating and issued a $250.00 price target on shares of Huntington Ingalls Industries in a research note on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $267.90.

In other Huntington Ingalls Industries news, VP Jerri F. Dickseski sold 270 shares of the company’s stock in a transaction dated Tuesday, July 10th. The shares were sold at an average price of $225.00, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP D R. Wyatt sold 1,000 shares of the company’s stock in a transaction dated Wednesday, May 30th. The shares were sold at an average price of $222.67, for a total transaction of $222,670.00. Following the transaction, the vice president now owns 20,170 shares in the company, valued at approximately $4,491,253.90. The disclosure for this sale can be found here. 2.32% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. First Command Bank bought a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth approximately $101,000. First Command Financial Services Inc. bought a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth approximately $101,000. Piedmont Investment Advisors LLC bought a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth approximately $110,000. Whittier Trust Co. lifted its stake in shares of Huntington Ingalls Industries by 113.1% in the 1st quarter. Whittier Trust Co. now owns 471 shares of the aerospace company’s stock worth $121,000 after purchasing an additional 250 shares during the period. Finally, Moneta Group Investment Advisors LLC lifted its stake in shares of Huntington Ingalls Industries by 1,392.5% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 597 shares of the aerospace company’s stock worth $129,000 after purchasing an additional 557 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Shares of Huntington Ingalls Industries stock opened at $250.62 on Tuesday. The stock has a market capitalization of $10.73 billion, a P/E ratio of 20.72, a PEG ratio of 0.96 and a beta of 0.97. Huntington Ingalls Industries has a 1 year low of $201.91 and a 1 year high of $276.69. The company has a current ratio of 1.43, a quick ratio of 1.31 and a debt-to-equity ratio of 0.75.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.15%. The ex-dividend date is Thursday, August 30th. Huntington Ingalls Industries’s dividend payout ratio is currently 23.72%.

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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