Huntington Ingalls Industries Inc (NYSE:HII) Expected to Post Earnings of $4.37 Per Share

Wall Street analysts forecast that Huntington Ingalls Industries Inc (NYSE:HII) will report earnings of $4.37 per share for the current quarter, Zacks reports. Three analysts have made estimates for Huntington Ingalls Industries’ earnings, with the lowest EPS estimate coming in at $4.01 and the highest estimate coming in at $4.66. Huntington Ingalls Industries posted earnings per share of $4.94 in the same quarter last year, which would indicate a negative year over year growth rate of 11.5%. The company is scheduled to report its next quarterly earnings report on Thursday, February 13th.

According to Zacks, analysts expect that Huntington Ingalls Industries will report full-year earnings of $13.95 per share for the current financial year, with EPS estimates ranging from $13.65 to $14.15. For the next financial year, analysts forecast that the company will report earnings of $17.84 per share, with EPS estimates ranging from $15.75 to $19.84. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Huntington Ingalls Industries.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, November 7th. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.11. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.20 billion. Huntington Ingalls Industries had a return on equity of 38.18% and a net margin of 7.05%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.29 EPS.

Several analysts have recently issued reports on HII shares. Alembic Global Advisors upgraded Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a research note on Monday, August 5th. Buckingham Research decreased their price target on Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. UBS Group upped their price target on Huntington Ingalls Industries from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Bank of America decreased their price target on Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Finally, ValuEngine downgraded Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average price target of $252.22.

In other news, CAO Nicolas G. Schuck sold 400 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $250.00, for a total value of $100,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,240 shares of the company’s stock, valued at approximately $560,000. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Jerri F. Dickseski sold 1,874 shares of the stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $205.00, for a total value of $384,170.00. Following the completion of the transaction, the vice president now directly owns 33,888 shares of the company’s stock, valued at $6,947,040. The disclosure for this sale can be found here. Corporate insiders own 2.65% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Miracle Mile Advisors LLC raised its holdings in shares of Huntington Ingalls Industries by 5.1% in the 3rd quarter. Miracle Mile Advisors LLC now owns 12,421 shares of the aerospace company’s stock worth $2,631,000 after buying an additional 608 shares in the last quarter. Copeland Capital Management LLC raised its holdings in shares of Huntington Ingalls Industries by 47.9% in the 3rd quarter. Copeland Capital Management LLC now owns 56,294 shares of the aerospace company’s stock worth $11,923,000 after buying an additional 18,242 shares in the last quarter. Wellington Shields Capital Management LLC raised its holdings in shares of Huntington Ingalls Industries by 16.6% in the 3rd quarter. Wellington Shields Capital Management LLC now owns 3,860 shares of the aerospace company’s stock worth $818,000 after buying an additional 550 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Huntington Ingalls Industries during the 3rd quarter valued at $99,890,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Huntington Ingalls Industries by 6.1% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 5,776 shares of the aerospace company’s stock valued at $1,223,000 after purchasing an additional 334 shares in the last quarter. 86.68% of the stock is owned by institutional investors and hedge funds.

Shares of HII traded up $0.90 during trading hours on Monday, hitting $255.40. 355,059 shares of the company were exchanged, compared to its average volume of 312,223. The company has a market cap of $10.30 billion, a PE ratio of 13.38 and a beta of 1.19. The firm’s 50 day moving average is $220.33 and its 200-day moving average is $217.10. Huntington Ingalls Industries has a 52 week low of $173.80 and a 52 week high of $256.65. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.97 and a current ratio of 1.04.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $0.86. This represents a $4.12 dividend on an annualized basis and a dividend yield of 1.61%. Huntington Ingalls Industries’s dividend payout ratio is presently 18.02%.

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

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