$1.95 Billion in Sales Expected for Huntington Ingalls Industries Inc (HII) This Quarter

Equities research analysts expect Huntington Ingalls Industries Inc (NYSE:HII) to report $1.95 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Huntington Ingalls Industries’ earnings. The highest sales estimate is $1.99 billion and the lowest is $1.93 billion. Huntington Ingalls Industries reported sales of $1.87 billion in the same quarter last year, which would suggest a positive year over year growth rate of 4.3%. The firm is expected to report its next earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that Huntington Ingalls Industries will report full year sales of $8.44 billion for the current fiscal year, with estimates ranging from $8.40 billion to $8.46 billion. For the next fiscal year, analysts anticipate that the company will report sales of $8.70 billion, with estimates ranging from $8.63 billion to $8.76 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Huntington Ingalls Industries.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, February 14th. The aerospace company reported $4.94 earnings per share for the quarter, topping the consensus estimate of $4.45 by $0.49. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Huntington Ingalls Industries had a return on equity of 49.48% and a net margin of 10.23%. Huntington Ingalls Industries’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.11 earnings per share.

Several brokerages recently commented on HII. Zacks Investment Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Thursday, January 17th. ValuEngine cut Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Barclays reduced their price target on Huntington Ingalls Industries from $280.00 to $245.00 and set an “overweight” rating for the company in a research report on Tuesday, December 4th. Cowen reissued a “buy” rating and set a $260.00 price target on shares of Huntington Ingalls Industries in a research report on Monday, January 14th. Finally, Citigroup reduced their price target on Huntington Ingalls Industries from $260.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, January 14th. Four analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $248.00.

In other news, Director Thomas B. Fargo sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $220.57, for a total value of $154,399.00. Following the completion of the sale, the director now directly owns 648 shares of the company’s stock, valued at $142,929.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Christopher D. Kastner sold 3,919 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $206.49, for a total value of $809,234.31. Following the completion of the sale, the vice president now directly owns 46,185 shares of the company’s stock, valued at $9,536,740.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,909 shares of company stock valued at $2,480,337. Insiders own 2.65% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Retirement Systems of Alabama lifted its position in shares of Huntington Ingalls Industries by 4.1% in the fourth quarter. Retirement Systems of Alabama now owns 45,994 shares of the aerospace company’s stock valued at $8,753,000 after buying an additional 1,796 shares during the last quarter. Panagora Asset Management Inc. lifted its position in shares of Huntington Ingalls Industries by 11.1% in the third quarter. Panagora Asset Management Inc. now owns 3,994 shares of the aerospace company’s stock valued at $1,023,000 after buying an additional 400 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Huntington Ingalls Industries by 7.5% in the third quarter. AQR Capital Management LLC now owns 2,208,378 shares of the aerospace company’s stock valued at $565,521,000 after buying an additional 153,989 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Huntington Ingalls Industries by 4.4% in the fourth quarter. Victory Capital Management Inc. now owns 105,253 shares of the aerospace company’s stock valued at $20,031,000 after buying an additional 4,473 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Huntington Ingalls Industries by 9.1% in the third quarter. Commonwealth Equity Services LLC now owns 4,090 shares of the aerospace company’s stock valued at $1,047,000 after buying an additional 341 shares during the last quarter. 85.44% of the stock is owned by institutional investors.

Shares of NYSE HII opened at $207.20 on Friday. Huntington Ingalls Industries has a 52 week low of $173.80 and a 52 week high of $267.73. The company has a quick ratio of 0.88, a current ratio of 0.95 and a debt-to-equity ratio of 0.85. The company has a market cap of $8.46 billion, a P/E ratio of 10.86 and a beta of 1.14.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 22nd were given a $0.86 dividend. The ex-dividend date of this dividend was Thursday, February 21st. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.66%. Huntington Ingalls Industries’s payout ratio is 18.02%.

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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Earnings History and Estimates for Huntington Ingalls Industries (NYSE:HII)

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