Wall Street analysts expect that Huntington Ingalls Industries (NYSE:HII) will post $1.90 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Huntington Ingalls Industries’ earnings. The lowest sales estimate is $1.87 billion and the highest is $1.94 billion. Huntington Ingalls Industries posted sales of $1.86 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.2%. The company is scheduled to report its next quarterly earnings report on Thursday, August 2nd.
On average, analysts expect that Huntington Ingalls Industries will report full-year sales of $7.67 billion for the current year, with estimates ranging from $7.66 billion to $7.68 billion. For the next year, analysts forecast that the firm will report sales of $7.91 billion per share, with estimates ranging from $7.90 billion to $7.92 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Huntington Ingalls Industries.
Get Huntington Ingalls Industries alerts:Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, May 3rd. The aerospace company reported $3.48 earnings per share for the quarter, missing the consensus estimate of $4.07 by ($0.59). Huntington Ingalls Industries had a net margin of 6.80% and a return on equity of 34.69%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the company earned $2.56 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis.
A number of equities analysts recently weighed in on HII shares. Bank of America set a $335.00 price objective on shares of Huntington Ingalls Industries and gave the stock a “buy” rating in a research report on Friday, February 16th. Credit Suisse Group lowered their price objective on shares of Huntington Ingalls Industries from $335.00 to $328.00 and set an “outperform” rating for the company in a research report on Monday, April 16th. Zacks Investment Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, April 24th. Cowen reaffirmed a “buy” rating and set a $275.00 price objective on shares of Huntington Ingalls Industries in a research report on Thursday, February 15th. Finally, Stifel Nicolaus reaffirmed a “sell” rating and set a $230.00 price objective on shares of Huntington Ingalls Industries in a research report on Friday, February 16th. 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 stock. Huntington Ingalls Industries presently has a consensus rating of “Buy” and a consensus target price of $270.00.
In other Huntington Ingalls Industries news, Director Philip M. Bilden purchased 4,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was bought at an average price of $265.14 per share, with a total value of $1,060,560.00. Following the transaction, the director now directly owns 142 shares of the company’s stock, valued at approximately $37,649.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jennifer R. Boykin sold 2,616 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $267.50, for a total transaction 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 ninety days, insiders have purchased 9,260 shares of company stock valued at $2,330,086 and have sold 12,979 shares valued at $3,381,250. Company insiders own 2.32% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its position in Huntington Ingalls Industries by 2.4% in the 4th quarter. BlackRock Inc. now owns 4,727,701 shares of the aerospace company’s stock valued at $1,114,317,000 after buying an additional 112,168 shares during the period. Bank of Montreal Can boosted its position in Huntington Ingalls Industries by 4.7% in the 4th quarter. Bank of Montreal Can now owns 855,162 shares of the aerospace company’s stock valued at $201,561,000 after buying an additional 38,150 shares during the period. Wells Fargo & Company MN boosted its position in Huntington Ingalls Industries by 4.6% in the 1st quarter. Wells Fargo & Company MN now owns 727,735 shares of the aerospace company’s stock valued at $187,580,000 after buying an additional 31,975 shares during the period. Boston Partners boosted its position in Huntington Ingalls Industries by 6.7% in the 1st quarter. Boston Partners now owns 575,123 shares of the aerospace company’s stock valued at $148,244,000 after buying an additional 36,203 shares during the period. Finally, Northern Trust Corp boosted its position in Huntington Ingalls Industries by 11.4% in the 1st quarter. Northern Trust Corp now owns 550,536 shares of the aerospace company’s stock valued at $141,906,000 after buying an additional 56,232 shares during the period. 86.48% of the stock is owned by institutional investors.
Shares of Huntington Ingalls Industries traded up $1.08, hitting $222.75, during mid-day trading on Wednesday, MarketBeat Ratings reports. The stock had a trading volume of 348,890 shares, compared to its average volume of 627,981. Huntington Ingalls Industries has a 12-month low of $183.42 and a 12-month high of $276.69. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.51 and a quick ratio of 1.38. The stock has a market cap of $9.86 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 0.89 and a beta of 1.01.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Friday, May 25th will be given a dividend of $0.72 per share. The ex-dividend date is Thursday, May 24th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.29%. Huntington Ingalls Industries’s payout ratio is currently 23.72%.
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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