Analysts forecast that Huntington Ingalls Industries Inc (NYSE:HII) will post sales of $1.92 billion for the current quarter, according to Zacks. Three analysts have issued estimates for Huntington Ingalls Industries’ earnings, with the lowest sales estimate coming in at $1.89 billion and the highest estimate coming in at $1.98 billion. Huntington Ingalls Industries posted sales of $1.86 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 3.2%. The company is scheduled to report its next quarterly earnings results on Wednesday, November 14th.
On average, analysts expect that Huntington Ingalls Industries will report full-year sales of $7.86 billion for the current year, with estimates ranging from $7.81 billion to $7.92 billion. For the next fiscal year, analysts expect that the business will post sales of $8.05 billion per share, with estimates ranging from $8.01 billion to $8.10 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Huntington Ingalls Industries.
Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, August 2nd. The aerospace company reported $5.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.21 by $1.19. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.88 billion. Huntington Ingalls Industries had a net margin of 7.84% and a return on equity of 39.78%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.21 earnings per share.
Several research firms have recently issued reports on HII. Buckingham Research began coverage on shares of Huntington Ingalls Industries in a research note on Wednesday. They set a “buy” rating and a $297.00 price target for the company. Vertical Research began coverage on shares of Huntington Ingalls Industries in a research note on Tuesday, June 26th. They set a “buy” rating for the company. Seaport Global Securities began 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. Credit Suisse Group dropped their price target on shares of Huntington Ingalls Industries from $301.00 to $259.00 and set an “outperform” rating for the company in a research note on Tuesday, May 22nd. Finally, Cowen reaffirmed a “buy” rating and set a $250.00 price target on shares of Huntington Ingalls Industries in a research note on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $270.55.
HII stock opened at $248.94 on Friday. The firm has a market cap of $10.56 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 0.94 and a beta of 1.00. Huntington Ingalls Industries has a 52-week low of $201.91 and a 52-week high of $276.69. The company has a quick ratio of 1.31, a current ratio of 1.43 and a debt-to-equity ratio of 0.75.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Thursday, August 30th. Huntington Ingalls Industries’s dividend payout ratio is presently 23.72%.
In related news, VP Jerri F. Dickseski sold 270 shares of Huntington Ingalls Industries stock in a transaction on Tuesday, July 10th. The shares were sold at an average price of $225.00, for a total transaction of $60,750.00. Following the completion of the transaction, the vice president now owns 35,291 shares of the company’s stock, valued at $7,940,475. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.22% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in HII. First Command Bank acquired a new stake in Huntington Ingalls Industries in the second quarter worth $101,000. First Command Financial Services Inc. acquired a new stake in Huntington Ingalls Industries in the second quarter worth $101,000. Piedmont Investment Advisors LLC acquired a new stake in Huntington Ingalls Industries in the second quarter worth $110,000. Moneta Group Investment Advisors LLC grew its holdings in Huntington Ingalls Industries by 1,392.5% in the second quarter. Moneta Group Investment Advisors LLC now owns 597 shares of the aerospace company’s stock worth $129,000 after purchasing an additional 557 shares during the period. Finally, Cerebellum GP LLC acquired a new stake in Huntington Ingalls Industries in the second quarter worth $181,000. 85.72% of the stock is owned by institutional investors and hedge funds.
Huntington Ingalls Industries Company Profile
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.
See Also: Return on Equity (ROE)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Huntington Ingalls Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Ingalls Industries and related companies with MarketBeat.com's FREE daily email newsletter.