$2.78 Earnings Per Share Expected for Huntington Ingalls Industries, Inc. (HII) This Quarter

Wall Street analysts predict that Huntington Ingalls Industries, Inc. (NYSE:HII) will post earnings per share of $2.78 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Huntington Ingalls Industries’ earnings, with estimates ranging from $2.69 to $2.86. Huntington Ingalls Industries reported earnings of $2.27 per share in the same quarter last year, which would suggest a positive year over year growth rate of 22.5%. The company is expected to report its next quarterly earnings report before the market opens on Wednesday, November 8th.

According to Zacks, analysts expect that Huntington Ingalls Industries will report full-year earnings of $11.59 per share for the current year, with EPS estimates ranging from $11.26 to $11.85. For the next fiscal year, analysts expect that the firm will post earnings of $11.86 per share, with EPS estimates ranging from $11.00 to $12.63. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Huntington Ingalls Industries.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.59. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Huntington Ingalls Industries had a net margin of 7.93% and a return on equity of 31.12%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.32 earnings per share.

Several equities research analysts have recently issued reports on HII shares. BidaskClub upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 target price for the company in a research report on Monday, July 17th. Cowen and Company reaffirmed a “hold” rating and issued a $225.00 target price on shares of Huntington Ingalls Industries in a research report on Friday, October 6th. ValuEngine raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $240.00 target price (up from $230.00) on shares of Huntington Ingalls Industries in a research report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Huntington Ingalls Industries has a consensus rating of “Hold” and an average target price of $209.00.

In other news, VP D R. Wyatt sold 800 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $214.83, for a total value of $171,864.00. Following the completion of the sale, the vice president now directly owns 19,865 shares in the company, valued at $4,267,597.95. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP William R. Ermatinger sold 2,985 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $215.10, for a total value of $642,073.50. Following the completion of the sale, the vice president now owns 32,810 shares of the company’s stock, valued at $7,057,431. The disclosure for this sale can be found here. Company insiders own 2.22% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Advisor Partners LLC increased its position in Huntington Ingalls Industries by 0.3% in the second quarter. Advisor Partners LLC now owns 1,391 shares of the aerospace company’s stock worth $259,000 after purchasing an additional 4 shares during the period. ProVise Management Group LLC increased its position in Huntington Ingalls Industries by 1.0% in the second quarter. ProVise Management Group LLC now owns 2,548 shares of the aerospace company’s stock worth $474,000 after purchasing an additional 26 shares during the period. Somerset Trust Co increased its position in Huntington Ingalls Industries by 1.0% in the second quarter. Somerset Trust Co now owns 2,833 shares of the aerospace company’s stock worth $528,000 after purchasing an additional 27 shares during the period. Toronto Dominion Bank increased its position in Huntington Ingalls Industries by 6.8% in the second quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock worth $105,000 after purchasing an additional 36 shares during the period. Finally, World Asset Management Inc increased its position in Huntington Ingalls Industries by 1.7% in the second quarter. World Asset Management Inc now owns 2,588 shares of the aerospace company’s stock worth $482,000 after purchasing an additional 44 shares during the period. Hedge funds and other institutional investors own 85.38% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “$2.78 Earnings Per Share Expected for Huntington Ingalls Industries, Inc. (HII) This Quarter” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://www.dispatchtribunal.com/2017/10/28/2-78-earnings-per-share-expected-for-huntington-ingalls-industries-inc-hii-this-quarter.html.

Huntington Ingalls Industries (HII) traded down 0.04% during mid-day trading on Monday, reaching $234.80. 68,174 shares of the company traded hands. The company has a market capitalization of $10.66 billion, a P/E ratio of 19.18 and a beta of 1.18. Huntington Ingalls Industries has a 52-week low of $146.52 and a 52-week high of $236.94. The stock has a 50 day moving average price of $222.74 and a 200-day moving average price of $205.06.

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.

Get a free copy of the Zacks research report on Huntington Ingalls Industries (HII)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Huntington Ingalls Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Ingalls Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply