Brokerages expect Huntington Ingalls Industries Inc (NYSE:HII) to post earnings per share (EPS) of $4.39 for the current quarter, Zacks reports. Three analysts have provided estimates for Huntington Ingalls Industries’ earnings. The lowest EPS estimate is $4.23 and the highest is $4.60. Huntington Ingalls Industries reported earnings of $3.11 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 41.2%. The business is expected to report its next earnings results on Thursday, February 21st.
On average, analysts expect that Huntington Ingalls Industries will report full-year earnings of $17.43 per share for the current financial year, with EPS estimates ranging from $16.86 to $18.74. For the next year, analysts anticipate that the business will report earnings of $17.17 per share, with EPS estimates ranging from $16.50 to $17.90. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side 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 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.14 by $1.15. Huntington Ingalls Industries had a return on equity of 39.78% and a net margin of 7.84%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the prior year, the business posted $3.27 earnings per share. The company’s revenue was up 11.8% on a year-over-year basis.
Several equities research analysts have recently weighed in on HII shares. Cowen reiterated a “buy” rating and set a $250.00 price target on shares of Huntington Ingalls Industries in a research report on Thursday, August 2nd. Buckingham Research started coverage on Huntington Ingalls Industries in a research report on Wednesday, September 12th. They set a “buy” rating and a $297.00 price target on the stock. UBS Group started coverage on Huntington Ingalls Industries in a research report on Wednesday, August 15th. They set a “buy” rating and a $290.00 price target on the stock. Bank of America decreased their price target on Huntington Ingalls Industries from $335.00 to $305.00 and set a “buy” rating on the stock in a research report on Friday. Finally, ValuEngine upgraded Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Monday, October 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $262.83.
Shares of HII traded up $3.59 during midday trading on Friday, hitting $223.65. 569,941 shares of the company traded hands, compared to its average volume of 422,193. Huntington Ingalls Industries has a one year low of $201.91 and a one year high of $276.69. The stock has a market cap of $10.14 billion, a PE ratio of 18.42, a P/E/G ratio of 0.91 and a beta of 1.13. 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 firm 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 1.54%. Huntington Ingalls Industries’s payout ratio is presently 23.72%.
In other news, VP Jerri F. Dickseski sold 271 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $257.84, for a total transaction of $69,874.64. Following the completion of the transaction, the vice president now owns 34,750 shares of the company’s stock, valued at $8,959,940. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.22% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. CENTRAL TRUST Co grew its holdings in shares of Huntington Ingalls Industries by 12.6% during the third quarter. CENTRAL TRUST Co now owns 2,179 shares of the aerospace company’s stock worth $558,000 after purchasing an additional 243 shares in the last quarter. LS Investment Advisors LLC boosted its stake in Huntington Ingalls Industries by 16.5% in the second quarter. LS Investment Advisors LLC now owns 1,859 shares of the aerospace company’s stock worth $403,000 after buying an additional 263 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Huntington Ingalls Industries by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 64,401 shares of the aerospace company’s stock worth $13,961,000 after buying an additional 264 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Huntington Ingalls Industries by 6.3% in the third quarter. Steward Partners Investment Advisory LLC now owns 4,537 shares of the aerospace company’s stock worth $1,162,000 after buying an additional 270 shares in the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in Huntington Ingalls Industries by 13.7% in the third quarter. IFM Investors Pty Ltd now owns 2,395 shares of the aerospace company’s stock worth $613,000 after buying an additional 288 shares in the last quarter. 85.56% 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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