$3.92 EPS Expected for Huntington Ingalls Industries Inc (NYSE:HII) This Quarter

Brokerages forecast that Huntington Ingalls Industries Inc (NYSE:HII) will report $3.92 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Huntington Ingalls Industries’ earnings, with estimates ranging from $3.90 to $3.94. Huntington Ingalls Industries posted earnings per share of $3.74 in the same quarter last year, which would suggest a positive year over year growth rate of 4.8%. The business is expected to report its next earnings report on Thursday, November 5th.

According to Zacks, analysts expect that Huntington Ingalls Industries will report full-year earnings of $14.41 per share for the current year, with EPS estimates ranging from $13.80 to $14.65. For the next year, analysts expect that the company will report earnings of $11.95 per share, with EPS estimates ranging from $11.04 to $13.72. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Huntington Ingalls Industries.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, August 6th. The aerospace company reported $1.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.16 by ($2.86). The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Huntington Ingalls Industries had a return on equity of 33.81% and a net margin of 5.92%. Huntington Ingalls Industries’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.07 earnings per share.

A number of brokerages recently issued reports on HII. Cowen started coverage on shares of Huntington Ingalls Industries in a research report on Wednesday, June 10th. They set a “hold” rating and a $250.00 price target for the company. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating and set a $193.00 target price for the company in a report on Monday, June 15th. UBS Group cut their price target on Huntington Ingalls Industries from $290.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, June 11th. Finally, Barclays dropped their target price on Huntington Ingalls Industries from $190.00 to $160.00 and set an “equal weight” rating on the stock in a report on Thursday. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. Huntington Ingalls Industries has a consensus rating of “Hold” and an average price target of $215.25.

In related news, CAO Nicolas G. Schuck sold 543 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $168.21, for a total transaction of $91,338.03. Following the sale, the chief accounting officer now directly owns 2,097 shares of the company’s stock, valued at $352,736.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.76% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HII. Raymond James & Associates boosted its holdings in shares of Huntington Ingalls Industries by 11.3% in the second quarter. Raymond James & Associates now owns 86,143 shares of the aerospace company’s stock worth $15,031,000 after buying an additional 8,768 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in shares of Huntington Ingalls Industries by 17.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 230,838 shares of the aerospace company’s stock valued at $42,061,000 after acquiring an additional 35,005 shares during the period. Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of Huntington Ingalls Industries in the 2nd quarter worth $834,000. AXA raised its holdings in Huntington Ingalls Industries by 72.7% in the 1st quarter. AXA now owns 25,395 shares of the aerospace company’s stock worth $4,628,000 after purchasing an additional 10,691 shares during the period. Finally, State Street Corp raised its holdings in Huntington Ingalls Industries by 5.5% in the 1st quarter. State Street Corp now owns 3,286,767 shares of the aerospace company’s stock worth $598,882,000 after purchasing an additional 171,747 shares during the period. 85.28% of the stock is owned by hedge funds and other institutional investors.

Shares of HII stock traded down $0.77 during mid-day trading on Friday, reaching $139.98. 364,151 shares of the company’s stock traded hands, compared to its average volume of 402,403. The company’s 50-day moving average price is $151.60 and its 200-day moving average price is $173.39. The company has a market cap of $5.67 billion, a P/E ratio of 10.93 and a beta of 0.95. The company has a quick ratio of 1.22, a current ratio of 1.30 and a debt-to-equity ratio of 1.36. Huntington Ingalls Industries has a 12 month low of $136.44 and a 12 month high of $279.71.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 28th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Thursday, August 27th. Huntington Ingalls Industries’s payout ratio is 29.41%.

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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