Equities research analysts expect Huntington Ingalls Industries Inc (NYSE:HII) to report earnings of $3.63 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Huntington Ingalls Industries’ earnings, with the highest EPS estimate coming in at $3.81 and the lowest estimate coming in at $3.35. Huntington Ingalls Industries posted earnings of $5.29 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 31.4%. The firm is expected to issue its next quarterly earnings results before the market opens on Thursday, November 7th.
According to Zacks, analysts expect that Huntington Ingalls Industries will report full year earnings of $13.95 per share for the current fiscal year, with EPS estimates ranging from $13.30 to $14.30. For the next year, analysts forecast that the company will post earnings of $16.26 per share, with EPS estimates ranging from $14.15 to $18.09. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Huntington Ingalls Industries.
Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, August 1st. The aerospace company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.49). Huntington Ingalls Industries had a net margin of 8.04% and a return on equity of 42.07%. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the firm earned $5.40 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis.
Several analysts have recently issued reports on HII shares. Buckingham Research lowered their price target on shares of Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a research report on Monday, August 5th. ValuEngine raised shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Bank of America lowered their price target on shares of Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Huntington Ingalls Industries presently has an average rating of “Buy” and an average target price of $243.67.
Shares of NYSE HII traded down $1.65 during midday trading on Friday, hitting $210.10. The company’s stock had a trading volume of 151,432 shares, compared to its average volume of 232,213. The stock has a fifty day moving average price of $212.05 and a 200 day moving average price of $215.35. Huntington Ingalls Industries has a one year low of $173.80 and a one year high of $242.05. The company has a current ratio of 1.12, a quick ratio of 1.05 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $8.80 billion, a price-to-earnings ratio of 11.01 and a beta of 1.18.
In related news, VP Jerri F. Dickseski sold 1,874 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $205.00, for a total transaction of $384,170.00. Following the sale, the vice president now owns 33,888 shares of the company’s stock, valued at approximately $6,947,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.65% of the company’s stock.
A number of institutional investors have recently bought and sold shares of HII. Zions Bancorporation N.A. increased its holdings in Huntington Ingalls Industries by 1,260.0% during the 2nd quarter. Zions Bancorporation N.A. now owns 136 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 126 shares during the period. Doyle Wealth Management bought a new stake in Huntington Ingalls Industries during the 2nd quarter worth approximately $38,000. HM Payson & Co. bought a new stake in Huntington Ingalls Industries during the 2nd quarter worth approximately $42,000. CSat Investment Advisory L.P. increased its holdings in Huntington Ingalls Industries by 34.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 234 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 60 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in Huntington Ingalls Industries during the 2nd quarter worth approximately $64,000. 86.88% of the stock is currently owned by institutional investors and hedge funds.
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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