Wall Street brokerages expect Huntington Ingalls Industries Inc (NYSE:HII) to post earnings per share (EPS) of $2.88 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Huntington Ingalls Industries’ earnings. The lowest EPS estimate is $2.49 and the highest is $3.14. Huntington Ingalls Industries reported earnings per share of $3.67 in the same quarter last year, which would suggest a negative year-over-year growth rate of 21.5%. The firm is expected to issue its next earnings report on Thursday, February 15th.

On average, analysts expect that Huntington Ingalls Industries will report full-year earnings of $12.01 per share for the current financial year, with EPS estimates ranging from $11.77 to $12.18. For the next year, analysts forecast that the company will post earnings of $12.09 per share, with EPS estimates ranging from $11.05 to $12.72. Zacks Investment Research’s 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 posted its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.49. Huntington Ingalls Industries had a net margin of 8.31% and a return on equity of 33.37%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the firm earned $2.27 earnings per share. The business’s quarterly revenue was up 10.7% on a year-over-year basis.

HII has been the topic of a number of research reports. Zacks Investment Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Citigroup reiterated a “neutral” rating and issued a $233.00 target price (up previously from $224.00) on shares of Huntington Ingalls Industries in a report on Monday, October 9th. Credit Suisse Group reiterated a “neutral” rating and issued a $241.00 target price (up previously from $211.00) on shares of Huntington Ingalls Industries in a report on Thursday, November 9th. Finally, Cowen reiterated a “hold” rating and issued a $210.00 target price on shares of Huntington Ingalls Industries in a report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $222.57.

Huntington Ingalls Industries (HII) traded down $2.91 during mid-day trading on Tuesday, reaching $234.10. 185,300 shares of the company’s stock were exchanged, compared to its average volume of 327,448. The company has a quick ratio of 1.38, a current ratio of 1.52 and a debt-to-equity ratio of 0.75. Huntington Ingalls Industries has a 52 week low of $174.07 and a 52 week high of $253.44. The stock has a market capitalization of $10,727.37, a price-to-earnings ratio of 19.72, a PEG ratio of 1.32 and a beta of 1.17.

Huntington Ingalls Industries declared that its board has approved a share repurchase program on Tuesday, November 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the aerospace company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were issued a $0.72 dividend. The ex-dividend date was Wednesday, November 22nd. This represents a $2.88 dividend on an annualized basis and a yield of 1.23%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. Huntington Ingalls Industries’s dividend payout ratio is currently 21.75%.

In related news, Director Philip M. Bilden purchased 2,200 shares of the stock in a transaction on Friday, November 24th. The shares were bought at an average price of $234.11 per share, for a total transaction of $515,042.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP D R. Wyatt sold 800 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $240.33, for a total value of $192,264.00. Following the transaction, the vice president now owns 19,065 shares in the company, valued at approximately $4,581,891.45. The disclosure for this sale can be found here. Corporate insiders own 2.22% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of HII. Howe & Rusling Inc. boosted its position in shares of Huntington Ingalls Industries by 4,844.4% in the third quarter. Howe & Rusling Inc. now owns 445 shares of the aerospace company’s stock valued at $101,000 after acquiring an additional 436 shares during the period. Toronto Dominion Bank boosted its position in shares of Huntington Ingalls Industries by 6.8% in the second quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock valued at $105,000 after acquiring an additional 36 shares during the period. Global X Management Co. LLC bought a new stake in shares of Huntington Ingalls Industries in the second quarter valued at approximately $125,000. Pacer Advisors Inc. boosted its position in shares of Huntington Ingalls Industries by 7.0% in the second quarter. Pacer Advisors Inc. now owns 889 shares of the aerospace company’s stock valued at $165,000 after acquiring an additional 58 shares during the period. Finally, Sigma Planning Corp bought a new stake in shares of Huntington Ingalls Industries in the third quarter valued at approximately $214,000. 84.23% of the stock is owned by institutional investors.

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Huntington Ingalls Industries Company Profile

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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