Equities analysts expect Huntington Ingalls Industries Inc (NYSE:HII) to report sales of $1.75 billion for the current quarter, Zacks reports. Two analysts have made estimates for Huntington Ingalls Industries’ earnings. Huntington Ingalls Industries posted sales of $1.72 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 1.7%. The firm is scheduled to issue its next quarterly earnings results on Thursday, May 3rd.
On average, analysts expect that Huntington Ingalls Industries will report full-year sales of $1.75 billion for the current fiscal year. For the next fiscal year, analysts forecast that the company will post sales of $7.69 billion per share, with estimates ranging from $7.66 billion to $7.72 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Huntington Ingalls Industries.
Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.93 by $0.18. Huntington Ingalls Industries had a return on equity of 31.01% and a net margin of 6.44%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the business earned $4.20 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis.
In related news, Director Philip M. Bilden purchased 2,200 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was acquired at an average price of $234.11 per share, for a total transaction of $515,042.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.22% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth approximately $100,000. Welch Group LLC purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth approximately $101,000. Toronto Dominion Bank raised its stake in shares of Huntington Ingalls Industries by 6.8% during the second quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock worth $105,000 after purchasing an additional 36 shares during the last quarter. CAPROCK Group Inc. purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth approximately $218,000. Finally, HL Financial Services LLC purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth approximately $212,000. Institutional investors and hedge funds own 82.05% of the company’s stock.
Shares of Huntington Ingalls Industries (NYSE:HII) opened at $265.70 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 1.58 and a debt-to-equity ratio of 0.73. Huntington Ingalls Industries has a 52 week low of $183.42 and a 52 week high of $267.23. The firm has a market capitalization of $11,899.58, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 1.33 and a beta of 1.15.
Huntington Ingalls Industries announced that its board has approved a stock buyback program on Tuesday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Thursday, February 22nd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 27.56%.
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About Huntington Ingalls Industries
Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.
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