Analysts Set Expectations for Huntington Ingalls Industries Inc’s Q2 2019 Earnings (HII)

Huntington Ingalls Industries Inc (NYSE:HII) – Analysts at Seaport Global Securities dropped their Q2 2019 EPS estimates for Huntington Ingalls Industries in a research report issued on Tuesday, May 14th. Seaport Global Securities analyst J. Sullivan now expects that the aerospace company will post earnings of $3.66 per share for the quarter, down from their previous forecast of $3.70. Seaport Global Securities also issued estimates for Huntington Ingalls Industries’ Q3 2019 earnings at $4.06 EPS, Q4 2019 earnings at $4.06 EPS, FY2019 earnings at $14.62 EPS, Q1 2020 earnings at $3.62 EPS, Q2 2020 earnings at $4.15 EPS, Q3 2020 earnings at $4.22 EPS, Q4 2020 earnings at $5.12 EPS and FY2020 earnings at $17.12 EPS.

A number of other research firms have also weighed in on HII. ValuEngine raised Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Zacks Investment Research lowered Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Finally, Barclays lowered Huntington Ingalls Industries from an “overweight” rating to an “underweight” rating and lowered their target price for the company from $245.00 to $215.00 in a research note on Wednesday, January 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $251.69.

NYSE HII opened at $205.74 on Thursday. Huntington Ingalls Industries has a 1-year low of $173.80 and a 1-year high of $262.32. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a market capitalization of $8.53 billion, a PE ratio of 10.78 and a beta of 1.15.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, May 2nd. The aerospace company reported $2.85 earnings per share for the quarter, missing analysts’ consensus estimates of $3.27 by ($0.42). Huntington Ingalls Industries had a net margin of 9.52% and a return on equity of 48.34%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the firm posted $3.48 EPS. The company’s revenue was up 11.0% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 24th will be given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, May 23rd. Huntington Ingalls Industries’s payout ratio is 18.02%.

In other Huntington Ingalls Industries news, VP Jerri F. Dickseski sold 542 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $225.00, for a total transaction of $121,950.00. Following the completion of the transaction, the vice president now owns 35,907 shares of the company’s stock, valued at approximately $8,079,075. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Edgar A. Green III sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $205.66, for a total value of $102,830.00. Following the transaction, the vice president now directly owns 10,137 shares of the company’s stock, valued at approximately $2,084,775.42. The disclosure for this sale can be found here. Insiders have sold a total of 12,951 shares of company stock valued at $2,705,117 in the last ninety days. 2.65% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Athena Capital Advisors LLC bought a new position in shares of Huntington Ingalls Industries in the 4th quarter worth approximately $28,000. CSat Investment Advisory L.P. raised its position in shares of Huntington Ingalls Industries by 89.9% in the 4th quarter. CSat Investment Advisory L.P. now owns 150 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 71 shares in the last quarter. Howe & Rusling Inc. raised its position in shares of Huntington Ingalls Industries by 433.3% in the 1st quarter. Howe & Rusling Inc. now owns 160 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 130 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Huntington Ingalls Industries by 53.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 175 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 61 shares in the last quarter. Finally, Cypress Capital Management LLC WY bought a new position in shares of Huntington Ingalls Industries in the 4th quarter worth approximately $42,000. 85.82% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Asset Allocation, Balancing Your Investments

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

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