Huntington Ingalls Industries (HII) Scheduled to Post Quarterly Earnings on Wednesday
Huntington Ingalls Industries (NYSE:HII) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, February 14th. Analysts expect the company to announce earnings of $2.93 per share for the quarter.
Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Wednesday, November 8th. The aerospace company reported $3.27 EPS for the quarter, beating the consensus estimate of $2.78 by $0.49. Huntington Ingalls Industries had a return on equity of 33.37% and a net margin of 8.31%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the business earned $2.27 earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, analysts expect Huntington Ingalls Industries to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.
Huntington Ingalls Industries (HII) opened at $227.67 on Wednesday. Huntington Ingalls Industries has a 12-month low of $183.42 and a 12-month high of $253.44. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.52 and a quick ratio of 1.38. The company has a market capitalization of $11,033.34, a P/E ratio of 17.20, a PEG ratio of 1.26 and a beta of 1.15.
Several research firms have recently commented on HII. Credit Suisse Group reaffirmed a “neutral” rating and issued a $241.00 target price (up previously from $211.00) on shares of Huntington Ingalls Industries in a research report on Thursday, November 9th. Zacks Investment Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 target price on the stock in a research report on Friday, November 10th. Cowen raised Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating in a research report on Friday, February 2nd. Finally, ValuEngine raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $227.43.
In related news, VP D R. Wyatt sold 800 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $240.33, for a total value of $192,264.00. Following the completion of the sale, the vice president now directly owns 19,065 shares in the company, valued at $4,581,891.45. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Philip M. Bilden purchased 2,200 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was bought at an average price of $234.11 per share, with a total value of $515,042.00. The disclosure for this purchase can be found here. 2.22% of the stock is currently owned by corporate insiders.
TRADEMARK VIOLATION NOTICE: This article was first published by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://www.watchlistnews.com/huntington-ingalls-industries-hii-scheduled-to-post-quarterly-earnings-on-wednesday/1849333.html.
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.
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.