Huntington Ingalls Industries, Inc. (HII) to Release Earnings on Wednesday
Huntington Ingalls Industries, Inc. (NYSE:HII) will post its quarterly earnings results before the market opens on Wednesday, November 8th. Analysts expect Huntington Ingalls Industries to post earnings of $2.78 per share for the quarter.
Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.59. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.79 billion. Huntington Ingalls Industries had a return on equity of 31.12% and a net margin of 7.93%. Huntington Ingalls Industries’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.32 EPS. On average, analysts expect Huntington Ingalls Industries to post $11.59 EPS for the current fiscal year and $11.86 EPS for the next fiscal year.
Huntington Ingalls Industries, Inc. (HII) opened at 232.83 on Wednesday. The firm has a market capitalization of $10.57 billion, a P/E ratio of 19.02 and a beta of 1.18. The firm has a 50-day moving average price of $227.90 and a 200 day moving average price of $207.09. Huntington Ingalls Industries, Inc. has a 52-week low of $146.52 and a 52-week high of $236.94.
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In related news, VP D R. Wyatt sold 800 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $214.83, for a total transaction of $171,864.00. Following the sale, the vice president now directly owns 19,865 shares in the company, valued at approximately $4,267,597.95. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP William R. Ermatinger sold 2,985 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $215.10, for a total value of $642,073.50. Following the sale, the vice president now owns 32,810 shares in the company, valued at $7,057,431. The disclosure for this sale can be found here. Company insiders own 2.22% of the company’s stock.
A number of equities analysts have recently commented on the company. BidaskClub upgraded Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Citigroup Inc. restated a “neutral” rating and issued a $233.00 price objective (up from $224.00) on shares of Huntington Ingalls Industries in a report on Monday, October 9th. Deutsche Bank AG restated a “buy” rating and issued a $240.00 price objective (up from $230.00) on shares of Huntington Ingalls Industries in a report on Wednesday, August 9th. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Cowen and Company restated a “hold” rating and issued a $210.00 price objective on shares of Huntington Ingalls Industries in a report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $209.00.
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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