Brokerages Expect Huntington Ingalls Industries, Inc. (HII) Will Post Quarterly Sales of $1.98 Billion
Equities research analysts expect Huntington Ingalls Industries, Inc. (NYSE:HII) to announce sales of $1.98 billion for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Huntington Ingalls Industries’ earnings. The highest sales estimate is $2.00 billion and the lowest is $1.96 billion. Huntington Ingalls Industries posted sales of $1.92 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.1%. The business is expected to report its next quarterly earnings report on Thursday, February 15th.
On average, analysts expect that Huntington Ingalls Industries will report full-year sales of $1.98 billion for the current fiscal year, with estimates ranging from $7.33 billion to $7.44 billion. For the next fiscal year, analysts anticipate that the company will post sales of $7.49 billion per share, with estimates ranging from $7.42 billion to $7.56 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Huntington Ingalls Industries.
Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Wednesday, November 8th. The aerospace company reported $3.27 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.49. Huntington Ingalls Industries had a net margin of 8.31% and a return on equity of 33.37%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the business earned $2.27 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year.
A number of research firms have commented on HII. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 target price on the stock in a research note on Friday. Credit Suisse Group restated a “neutral” rating and set a $241.00 target price (up previously from $211.00) on shares of Huntington Ingalls Industries in a research note on Thursday. Citigroup Inc. restated a “neutral” rating and set a $233.00 target price (up previously from $224.00) on shares of Huntington Ingalls Industries in a research note on Monday, October 9th. Cowen and Company restated a “hold” rating and set a $225.00 target price on shares of Huntington Ingalls Industries in a research note on Friday, October 6th. Finally, ValuEngine upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $222.57.
Huntington Ingalls Industries (NYSE:HII) traded down $1.89 during midday trading on Tuesday, reaching $240.66. 284,763 shares of the company’s stock were exchanged, compared to its average volume of 337,132. Huntington Ingalls Industries has a 12 month low of $169.87 and a 12 month high of $253.44. The company has a market cap of $10,880.00, a PE ratio of 20.96, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.47 and a current ratio of 1.52.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be given a dividend of $0.72 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $2.88 annualized dividend and a dividend yield of 1.20%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 18.07%.
Huntington Ingalls Industries announced that its board has initiated a stock repurchase plan on Tuesday, November 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.
In other news, VP William R. Ermatinger sold 2,985 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $215.10, for a total transaction of $642,073.50. Following the sale, the vice president now owns 32,810 shares in the company, valued at $7,057,431. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.22% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Howe & Rusling Inc. increased its position in Huntington Ingalls Industries by 4,844.4% in the third quarter. Howe & Rusling Inc. now owns 445 shares of the aerospace company’s stock worth $101,000 after purchasing an additional 436 shares during the last quarter. 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 last quarter. Global X Management Co. LLC bought a new stake in Huntington Ingalls Industries in the second quarter worth $125,000. Pacer Advisors Inc. increased its position in Huntington Ingalls Industries by 7.0% in the second quarter. Pacer Advisors Inc. now owns 889 shares of the aerospace company’s stock worth $165,000 after purchasing an additional 58 shares during the last quarter. Finally, Puplava Financial Services Inc. increased its position in Huntington Ingalls Industries by 10.2% in the second quarter. Puplava Financial Services Inc. now owns 1,138 shares of the aerospace company’s stock worth $212,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.
Huntington Ingalls Industries Company Profile
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.
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 Analyst Ratings Network's FREE daily email newsletter.