Wall Street brokerages forecast that Huntington Ingalls Industries Inc (NYSE:HII) will announce earnings per share of $4.32 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Huntington Ingalls Industries’ earnings. The highest EPS estimate is $4.41 and the lowest is $4.01. Huntington Ingalls Industries reported earnings per share of $4.94 during the same quarter last year, which indicates a negative year over year growth rate of 12.6%. The company is scheduled to report its next earnings report on Thursday, February 13th.
On average, analysts expect that Huntington Ingalls Industries will report full-year earnings of $13.94 per share for the current year, with EPS estimates ranging from $13.65 to $14.05. For the next financial year, analysts expect that the firm will report earnings of $18.84 per share, with EPS estimates ranging from $17.90 to $19.84. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Huntington Ingalls Industries.
Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, November 7th. The aerospace company reported $3.74 EPS for the quarter, topping the Zacks’ consensus estimate of $3.63 by $0.11. Huntington Ingalls Industries had a return on equity of 38.18% and a net margin of 7.05%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the prior year, the business earned $5.29 EPS. The firm’s revenue was up 6.5% on a year-over-year basis.
Separately, ValuEngine downgraded shares of Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $243.57.
In other Huntington Ingalls Industries news, VP Jerri F. Dickseski sold 1,874 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $205.00, for a total transaction of $384,170.00. Following the transaction, the vice president now owns 33,888 shares of the company’s stock, valued at approximately $6,947,040. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Nicolas G. Schuck sold 400 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $250.00, for a total transaction of $100,000.00. Following the transaction, the chief accounting officer now directly owns 2,240 shares in the company, valued at approximately $560,000. The disclosure for this sale can be found here. 2.65% of the stock is owned by insiders.
Several large investors have recently modified their holdings of HII. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Huntington Ingalls Industries by 0.7% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 8,043 shares of the aerospace company’s stock worth $1,808,000 after buying an additional 55 shares in the last quarter. CSat Investment Advisory L.P. grew its holdings in Huntington Ingalls Industries by 34.5% during the second quarter. CSat Investment Advisory L.P. now owns 234 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 60 shares during the period. Commonwealth Bank of Australia grew its holdings in Huntington Ingalls Industries by 1.1% during the second quarter. Commonwealth Bank of Australia now owns 5,647 shares of the aerospace company’s stock worth $1,265,000 after acquiring an additional 62 shares during the period. Advisor Partners LLC grew its holdings in Huntington Ingalls Industries by 5.1% during the second quarter. Advisor Partners LLC now owns 1,474 shares of the aerospace company’s stock worth $331,000 after acquiring an additional 71 shares during the period. Finally, Regentatlantic Capital LLC raised its position in Huntington Ingalls Industries by 7.5% in the third quarter. Regentatlantic Capital LLC now owns 1,021 shares of the aerospace company’s stock worth $216,000 after acquiring an additional 71 shares in the last quarter. 87.49% of the stock is owned by institutional investors.
HII stock opened at $253.41 on Wednesday. Huntington Ingalls Industries has a 1 year low of $173.80 and a 1 year high of $260.81. The stock has a market capitalization of $10.36 billion, a price-to-earnings ratio of 13.27 and a beta of 1.22. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.97 and a current ratio of 1.04. The stock’s fifty day moving average is $239.38 and its two-hundred day moving average is $221.59.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $1.03 per share. The ex-dividend date is Wednesday, November 27th. This represents a $4.12 annualized dividend and a yield of 1.63%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $0.86. Huntington Ingalls Industries’s payout ratio is presently 21.58%.
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.
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