Huntington Ingalls Industries (HII) Scheduled to Post Quarterly Earnings on Wednesday

Huntington Ingalls Industries (NYSE:HII) will be posting its quarterly earnings results before the market opens on Wednesday, February 14th. Analysts expect Huntington Ingalls Industries to post earnings of $2.93 per share for the quarter.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.49. Huntington Ingalls Industries had a return on equity of 33.37% and a net margin of 8.31%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the company posted $2.27 earnings per share. Huntington Ingalls Industries’s revenue was up 10.7% on a year-over-year basis. On average, analysts expect Huntington Ingalls Industries to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Shares of Huntington Ingalls Industries (NYSE:HII) opened at $227.67 on Wednesday. Huntington Ingalls Industries has a twelve month low of $183.42 and a twelve month high of $253.44. The stock has a market capitalization of $11,033.34, a PE ratio of 17.20, a P/E/G ratio of 1.26 and a beta of 1.15. The company has a current ratio of 1.52, a quick ratio of 1.38 and a debt-to-equity ratio of 0.75.

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

Several analysts recently issued reports on the company. Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 target price on the stock in a report on Friday, November 10th. Cowen upgraded Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating in a report on Friday, February 2nd. Credit Suisse Group reiterated a “neutral” rating and set a $241.00 target price (up previously from $211.00) on shares of Huntington Ingalls Industries in a report on Thursday, November 9th. Finally, ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $227.43.

In other Huntington Ingalls Industries news, Director Philip M. Bilden purchased 2,200 shares of the stock in a transaction on Friday, November 24th. The shares were purchased at an average price of $234.11 per share, with a total value of $515,042.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP D R. Wyatt sold 800 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $240.33, for a total value of $192,264.00. Following the transaction, the vice president now directly 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.

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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.

Earnings History for Huntington Ingalls Industries (NYSE:HII)

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