Brokerages Anticipate Huntington Ingalls Industries Inc (NYSE:HII) to Post $4.31 EPS

Equities analysts expect Huntington Ingalls Industries Inc (NYSE:HII) to announce $4.31 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Huntington Ingalls Industries’ earnings. The lowest EPS estimate is $4.07 and the highest is $4.85. Huntington Ingalls Industries posted earnings per share of $3.74 in the same quarter last year, which suggests a positive year-over-year growth rate of 15.2%. The firm is expected to issue its next earnings results on Thursday, November 5th.

On average, analysts expect that Huntington Ingalls Industries will report full year earnings of $15.16 per share for the current financial year, with EPS estimates ranging from $13.80 to $18.20. For the next year, analysts expect that the firm will report earnings of $11.95 per share, with EPS estimates ranging from $11.04 to $13.72. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Huntington Ingalls Industries.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, August 6th. The aerospace company reported $1.30 EPS for the quarter, missing the consensus estimate of $4.16 by ($2.86). The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.07 earnings per share.

HII has been the topic of several research reports. UBS Group dropped their target price on shares of Huntington Ingalls Industries from $290.00 to $270.00 and set a “buy” rating on the stock in a report on Thursday, June 11th. Seaport Global Securities assumed coverage on Huntington Ingalls Industries in a report on Tuesday, May 19th. They issued a “neutral” rating for the company. Zacks Investment Research raised Huntington Ingalls Industries from a “sell” rating to a “hold” rating and set a $193.00 target price on the stock in a report on Monday, June 15th. Stifel Nicolaus raised Huntington Ingalls Industries from a “sell” rating to a “hold” rating and dropped their target price for the stock from $230.00 to $190.00 in a research report on Thursday, May 21st. Finally, Cowen initiated 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. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. Huntington Ingalls Industries presently has an average rating of “Hold” and a consensus price target of $232.13.

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

A number of large investors have recently bought and sold shares of HII. Raymond James & Associates grew its position in shares of Huntington Ingalls Industries by 11.3% during the second quarter. Raymond James & Associates now owns 86,143 shares of the aerospace company’s stock worth $15,031,000 after purchasing an additional 8,768 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Huntington Ingalls Industries by 17.9% during the first quarter. Parametric Portfolio Associates LLC now owns 230,838 shares of the aerospace company’s stock valued at $42,061,000 after buying an additional 35,005 shares during the last quarter. AXA lifted its holdings in shares of Huntington Ingalls Industries by 72.7% in the first quarter. AXA now owns 25,395 shares of the aerospace company’s stock worth $4,628,000 after buying an additional 10,691 shares in the last quarter. State Street Corp boosted its position in shares of Huntington Ingalls Industries by 5.5% during the first quarter. State Street Corp now owns 3,286,767 shares of the aerospace company’s stock worth $598,882,000 after acquiring an additional 171,747 shares during the last quarter. Finally, Guggenheim Capital LLC increased its holdings in Huntington Ingalls Industries by 1.5% in the 1st quarter. Guggenheim Capital LLC now owns 28,532 shares of the aerospace company’s stock valued at $5,199,000 after acquiring an additional 410 shares during the last quarter. 85.28% of the stock is currently owned by institutional investors and hedge funds.

Shares of HII stock traded down $3.52 during trading hours on Thursday, reaching $137.83. The company had a trading volume of 794,077 shares, compared to its average volume of 399,355. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.22 and a current ratio of 1.30. The business has a fifty day moving average price of $162.41 and a 200-day moving average price of $179.83. Huntington Ingalls Industries has a one year low of $137.64 and a one year high of $279.71. The firm has a market cap of $5.74 billion, a PE ratio of 10.70 and a beta of 0.95.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.99%. The ex-dividend date is Thursday, August 27th. Huntington Ingalls Industries’s dividend 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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Earnings History and Estimates for Huntington Ingalls Industries (NYSE:HII)

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