Equities analysts expect Huntington Ingalls Industries Inc (NYSE:HII) to report earnings of $4.19 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Huntington Ingalls Industries’ earnings. The lowest EPS estimate is $4.03 and the highest is $4.50. Huntington Ingalls Industries posted earnings per share of $3.21 during the same quarter last year, which would suggest a positive year over year growth rate of 30.5%. The company is expected to issue its next earnings results on Thursday, August 2nd.
On average, analysts expect that Huntington Ingalls Industries will report full-year earnings of $16.20 per share for the current year, with EPS estimates ranging from $15.70 to $16.70. For the next year, analysts expect that the business will post earnings of $16.68 per share, with EPS estimates ranging from $16.30 to $17.05. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Huntington Ingalls Industries.
Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, May 3rd. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.07 by ($0.59). The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Huntington Ingalls Industries had a return on equity of 34.69% and a net margin of 6.80%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.56 earnings per share.
Several brokerages recently issued reports on HII. Credit Suisse Group reduced their price objective on Huntington Ingalls Industries from $335.00 to $328.00 and set an “outperform” rating for the company in a research note on Monday, April 16th. Wells Fargo & Co raised Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating in a research note on Friday, May 4th. Barclays began coverage on Huntington Ingalls Industries in a research note on Thursday, March 29th. They issued an “overweight” rating and a $309.00 price objective for the company. Zacks Investment Research downgraded Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, May 8th. Finally, Citigroup raised Huntington Ingalls Industries from a “neutral” rating to a “buy” rating and set a $233.00 price objective for the company in a research note on Wednesday, May 9th. Two analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $265.33.
Huntington Ingalls Industries traded up $1.27, hitting $212.96, during mid-day trading on Monday, Marketbeat Ratings reports. The company’s stock had a trading volume of 354,820 shares, compared to its average volume of 393,428. The company has a market cap of $9.42 billion, a P/E ratio of 17.54, a P/E/G ratio of 0.87 and a beta of 0.97. The company has a current ratio of 1.51, a quick ratio of 1.38 and a debt-to-equity ratio of 0.75. Huntington Ingalls Industries has a 52-week low of $183.42 and a 52-week high of $276.69.
The company also recently declared a quarterly dividend, which was paid on Friday, June 8th. Stockholders of record on Friday, May 25th were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Thursday, May 24th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 23.72%.
In related news, Director Philip M. Bilden acquired 1,000 shares of the stock in a transaction dated Monday, May 14th. The shares were acquired at an average price of $215.35 per share, with a total value of $215,350.00. Following the acquisition, the director now owns 270 shares in the company, valued at approximately $58,144.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen R. Wilson acquired 460 shares of the stock in a transaction dated Monday, May 7th. The shares were bought at an average cost of $216.46 per share, for a total transaction of $99,571.60. Following the acquisition, the director now owns 460 shares in the company, valued at approximately $99,571.60. The disclosure for this purchase can be found here. Insiders have bought a total of 2,460 shares of company stock valued at $535,902 over the last ninety days. Company insiders own 2.22% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of HII. Whittier Trust Co. increased its holdings in shares of Huntington Ingalls Industries by 113.1% during the 1st quarter. Whittier Trust Co. now owns 471 shares of the aerospace company’s stock valued at $121,000 after acquiring an additional 250 shares during the last quarter. Granite Springs Asset Management LLC acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at about $209,000. Quadrature Capital Ltd acquired a new position in shares of Huntington Ingalls Industries during the 4th quarter valued at about $225,000. Signition LP acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at about $227,000. Finally, Trexquant Investment LP acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at about $232,000. 86.63% of the stock is currently 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.
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 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.