Wall Street analysts forecast that Huntington Ingalls Industries Inc (NYSE:HII) will report $2.12 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Huntington Ingalls Industries’ earnings. The highest sales estimate is $2.19 billion and the lowest is $2.08 billion. Huntington Ingalls Industries posted sales of $2.02 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 5%. The firm is expected to issue its next earnings results on Thursday, August 1st.
According to Zacks, analysts expect that Huntington Ingalls Industries will report full year sales of $8.60 billion for the current year, with estimates ranging from $8.37 billion to $8.81 billion. For the next financial year, analysts forecast that the business will report sales of $8.87 billion, with estimates ranging from $8.63 billion to $9.10 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Huntington Ingalls Industries.
Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $2.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.27 by ($0.42). Huntington Ingalls Industries had a return on equity of 48.34% and a net margin of 9.52%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the firm earned $3.48 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis.
In other Huntington Ingalls Industries news, VP Brian J. Cuccias sold 3,543 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $210.39, for a total transaction of $745,411.77. Following the completion of the transaction, the vice president now directly owns 55,229 shares of the company’s stock, valued at approximately $11,619,629.31. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas B. Fargo sold 700 shares of the firm’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $220.57, for a total transaction of $154,399.00. Following the transaction, the director now directly owns 648 shares of the company’s stock, valued at $142,929.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,451 shares of company stock valued at $2,602,287. 2.65% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in HII. Legal & General Group Plc grew its holdings in Huntington Ingalls Industries by 6.7% during the 3rd quarter. Legal & General Group Plc now owns 224,493 shares of the aerospace company’s stock worth $57,482,000 after acquiring an additional 14,150 shares in the last quarter. Vanguard Group Inc grew its holdings in Huntington Ingalls Industries by 0.4% during the 3rd quarter. Vanguard Group Inc now owns 4,988,200 shares of the aerospace company’s stock worth $1,277,378,000 after acquiring an additional 19,861 shares in the last quarter. Sit Investment Associates Inc. boosted its holdings in shares of Huntington Ingalls Industries by 11.5% in the 4th quarter. Sit Investment Associates Inc. now owns 1,115 shares of the aerospace company’s stock valued at $212,000 after buying an additional 115 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of Huntington Ingalls Industries by 2.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,662 shares of the aerospace company’s stock valued at $887,000 after buying an additional 125 shares during the period. Finally, Ferguson Wellman Capital Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 36.2% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 1,103 shares of the aerospace company’s stock valued at $210,000 after buying an additional 293 shares during the period. 84.95% of the stock is owned by institutional investors.
Huntington Ingalls Industries stock opened at $205.74 on Wednesday. Huntington Ingalls Industries has a 12-month low of $173.80 and a 12-month high of $262.32. The firm has a market cap of $8.66 billion, a P/E ratio of 10.78 and a beta of 1.15. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.07.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 24th will be issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, May 23rd. Huntington Ingalls Industries’s dividend payout ratio is currently 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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