$2.12 Billion in Sales Expected for Huntington Ingalls Industries Inc (NYSE:HII) This Quarter

Brokerages forecast that Huntington Ingalls Industries Inc (NYSE:HII) will post sales of $2.12 billion for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Huntington Ingalls Industries’ earnings, with estimates ranging from $2.08 billion to $2.19 billion. Huntington Ingalls Industries posted sales of $2.02 billion during the same quarter last year, which suggests a positive year over year growth rate of 5%. The business is scheduled to issue its next earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Huntington Ingalls Industries will report full year sales of $8.66 billion for the current year, with estimates ranging from $8.55 billion to $8.81 billion. For the next year, analysts expect that the company will post 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 research analysts that follow Huntington Ingalls Industries.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, May 2nd. The aerospace company reported $2.85 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.27 by ($0.42). The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.95 billion. Huntington Ingalls Industries had a return on equity of 48.34% and a net margin of 9.52%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business earned $3.48 EPS.

Several analysts have recently commented on HII shares. Zacks Investment Research cut Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. ValuEngine cut Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average target price of $251.08.

In related news, VP William R. Ermatinger sold 1,863 shares of Huntington Ingalls Industries stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $211.55, for a total transaction of $394,117.65. Following the completion of the sale, the vice president now owns 35,020 shares of the company’s stock, valued at $7,408,481. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Nicolas G. Schuck sold 500 shares of Huntington Ingalls Industries stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $204.46, for a total value of $102,230.00. Following the sale, the vice president now directly owns 2,640 shares of the company’s stock, valued at approximately $539,774.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,405 shares of company stock valued at $721,128. Insiders own 2.65% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc raised its holdings in Huntington Ingalls Industries by 0.4% during the third quarter. Vanguard Group Inc now owns 4,988,200 shares of the aerospace company’s stock valued at $1,277,378,000 after buying an additional 19,861 shares in the last quarter. LSV Asset Management raised its holdings in Huntington Ingalls Industries by 12.2% during the first quarter. LSV Asset Management now owns 1,733,842 shares of the aerospace company’s stock valued at $359,252,000 after buying an additional 188,185 shares in the last quarter. Geode Capital Management LLC raised its holdings in Huntington Ingalls Industries by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 623,420 shares of the aerospace company’s stock valued at $118,455,000 after buying an additional 18,179 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Huntington Ingalls Industries by 1.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 594,680 shares of the aerospace company’s stock valued at $113,174,000 after buying an additional 7,044 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Huntington Ingalls Industries by 0.9% during the fourth quarter. Northern Trust Corp now owns 513,594 shares of the aerospace company’s stock valued at $97,742,000 after buying an additional 4,562 shares in the last quarter. 85.50% of the stock is owned by hedge funds and other institutional investors.

Shares of Huntington Ingalls Industries stock opened at $218.20 on Thursday. The firm has a market capitalization of $9.07 billion, a PE ratio of 11.43 and a beta of 1.17. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.07. Huntington Ingalls Industries has a 12 month low of $173.80 and a 12 month high of $262.32.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 24th were given a dividend of $0.86 per share. The ex-dividend date was Thursday, May 23rd. This represents a $3.44 dividend on an annualized basis and a yield of 1.58%. Huntington Ingalls Industries’s payout ratio is 18.02%.

About Huntington Ingalls Industries

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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