Analysts expect Huntington Ingalls Industries (NYSE:HII) to post $4.07 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Huntington Ingalls Industries’ earnings, with estimates ranging from $4.00 to $4.12. Huntington Ingalls Industries posted earnings of $1.87 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 117.6%. The firm is expected to announce its next earnings results on Thursday, May 3rd.
On average, analysts expect that Huntington Ingalls Industries will report full year earnings of $17.38 per share for the current fiscal year, with EPS estimates ranging from $17.30 to $17.50. For the next fiscal year, analysts forecast that the firm will report earnings of $17.65 per share, with EPS estimates ranging from $17.05 to $18.20. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Huntington Ingalls Industries.
Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.18. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.94 billion. Huntington Ingalls Industries had a return on equity of 31.01% and a net margin of 6.44%. Huntington Ingalls Industries’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.20 EPS.
Several equities analysts have recently issued reports on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $271.00 price target (up previously from $242.00) on shares of Huntington Ingalls Industries in a research report on Tuesday, February 20th. ValuEngine raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th. Stifel Nicolaus reissued a “sell” rating and issued a $230.00 target price on shares of Huntington Ingalls Industries in a research report on Friday, February 16th. Bank of America set a $335.00 target price on Huntington Ingalls Industries and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, Credit Suisse Group raised Huntington Ingalls Industries from a “neutral” rating to an “outperform” rating and set a $241.00 target price for the company in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $266.67.
HII opened at $257.14 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 1.58 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $11,479.04, a PE ratio of 21.18, a P/E/G ratio of 0.98 and a beta of 0.99. Huntington Ingalls Industries has a 1 year low of $183.42 and a 1 year high of $276.69.
In other Huntington Ingalls Industries news, Director Philip M. Bilden bought 1,000 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was acquired at an average price of $254.50 per share, with a total value of $254,500.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Jennifer R. Boykin sold 2,616 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $267.50, for a total value of $699,780.00. Following the completion of the transaction, the vice president now directly owns 3,809 shares of the company’s stock, valued at approximately $1,018,907.50. The disclosure for this sale can be found here. In the last three months, insiders acquired 6,800 shares of company stock valued at $1,794,184 and sold 12,979 shares valued at $3,381,250. 2.32% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in HII. New York State Common Retirement Fund grew its stake in shares of Huntington Ingalls Industries by 17.2% during the 3rd quarter. New York State Common Retirement Fund now owns 119,911 shares of the aerospace company’s stock valued at $27,153,000 after purchasing an additional 17,636 shares during the period. Stifel Financial Corp grew its stake in shares of Huntington Ingalls Industries by 5.5% during the 3rd quarter. Stifel Financial Corp now owns 46,038 shares of the aerospace company’s stock valued at $10,426,000 after purchasing an additional 2,400 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Huntington Ingalls Industries by 5.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 6,344 shares of the aerospace company’s stock valued at $1,437,000 after purchasing an additional 350 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of Huntington Ingalls Industries by 0.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 72,495 shares of the aerospace company’s stock valued at $16,404,000 after purchasing an additional 439 shares during the period. Finally, Vident Investment Advisory LLC bought a new stake in shares of Huntington Ingalls Industries during the 3rd quarter valued at about $464,000. Institutional investors and hedge funds own 84.15% of the company’s stock.
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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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