Huntington Ingalls Industries Inc (HII) Expected to Announce Earnings of $4.16 Per Share

Equities research analysts predict that Huntington Ingalls Industries Inc (NYSE:HII) will post earnings of $4.16 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Huntington Ingalls Industries’ earnings. The highest EPS estimate is $4.60 and the lowest is $3.66. Huntington Ingalls Industries reported earnings per share of $3.11 in the same quarter last year, which would suggest a positive year-over-year growth rate of 33.8%. The business is expected to announce its next earnings results on Thursday, February 21st.

On average, analysts expect that Huntington Ingalls Industries will report full year earnings of $17.84 per share for the current financial year, with EPS estimates ranging from $17.20 to $18.78. For the next financial year, analysts anticipate that the company will report earnings of $16.64 per share, with EPS estimates ranging from $15.55 to $17.36. Zacks’ EPS calculations 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, November 8th. The aerospace company reported $5.29 EPS for the quarter, topping analysts’ consensus estimates of $4.14 by $1.15. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Huntington Ingalls Industries had a net margin of 8.63% and a return on equity of 43.71%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.27 earnings per share.

HII has been the subject of a number of analyst reports. Cowen restated a “buy” rating and set a $260.00 price target (up previously from $250.00) on shares of Huntington Ingalls Industries in a research note on Friday, August 10th. UBS Group initiated coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, August 15th. They set a “buy” rating and a $290.00 price target for the company. Seaport Global Securities initiated coverage on shares of Huntington Ingalls Industries in a research note on Thursday, August 23rd. They set a “neutral” rating and a $260.00 price target for the company. Buckingham Research initiated coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, September 12th. They set a “buy” rating and a $297.00 price target for the company. Finally, Goldman Sachs Group cut shares of Huntington Ingalls Industries from a “neutral” rating to a “sell” rating and set a $208.00 price target for the company. in a research note on Thursday, October 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. Huntington Ingalls Industries has an average rating of “Buy” and a consensus target price of $254.38.

HII traded down $4.40 during midday trading on Monday, reaching $198.49. 458,543 shares of the company’s stock were exchanged, compared to its average volume of 418,077. The stock has a market cap of $8.72 billion, a price-to-earnings ratio of 16.35 and a beta of 1.08. The company has a quick ratio of 1.03, a current ratio of 1.14 and a debt-to-equity ratio of 0.70. Huntington Ingalls Industries has a one year low of $194.61 and a one year high of $276.69.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.86 per share. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.72. The ex-dividend date is Thursday, November 29th. This represents a $3.44 annualized dividend and a dividend yield of 1.73%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 28.34%.

In other news, VP Jerri F. Dickseski sold 271 shares of the firm’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 transaction of $69,874.64. Following the completion of the sale, the vice president now owns 34,750 shares of the company’s stock, valued at $8,959,940. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.22% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Huntington Ingalls Industries by 0.4% during the third quarter. Vanguard Group Inc. now owns 4,988,200 shares of the aerospace company’s stock worth $1,277,378,000 after buying an additional 19,861 shares in the last quarter. FMR LLC increased its holdings in shares of Huntington Ingalls Industries by 5.3% in the third quarter. FMR LLC now owns 4,014,096 shares of the aerospace company’s stock valued at $1,027,930,000 after purchasing an additional 200,602 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Huntington Ingalls Industries by 7.5% in the third quarter. AQR Capital Management LLC now owns 2,208,378 shares of the aerospace company’s stock valued at $565,521,000 after purchasing an additional 153,989 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Huntington Ingalls Industries by 8.1% in the third quarter. Wells Fargo & Company MN now owns 865,264 shares of the aerospace company’s stock valued at $221,578,000 after purchasing an additional 64,786 shares in the last quarter. Finally, Artemis Investment Management LLP increased its holdings in shares of Huntington Ingalls Industries by 32.2% in the third quarter. Artemis Investment Management LLP now owns 617,820 shares of the aerospace company’s stock valued at $158,232,000 after purchasing an additional 150,552 shares in the last quarter. 85.44% of the stock is owned by institutional investors.

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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