Zacks: Analysts Expect Huntington Ingalls Industries Inc (HII) Will Post Quarterly Sales of $2.12 Billion

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.

Several equities research analysts recently issued reports on the stock. ValuEngine raised shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Zacks Investment Research downgraded shares of Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Finally, Barclays downgraded shares of Huntington Ingalls Industries from an “overweight” rating to an “underweight” rating and dropped their price target for the stock from $245.00 to $215.00 in a research note on Wednesday, January 23rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. Huntington Ingalls Industries presently has an average rating of “Hold” and a consensus price target of $251.69.

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

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