Zacks: Analysts Expect Huntington Ingalls Industries Inc (HII) Will Announce Quarterly Sales of $2.03 Billion

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Brokerages predict that Huntington Ingalls Industries Inc (NYSE:HII) will announce $2.03 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Huntington Ingalls Industries’ earnings, with the lowest sales estimate coming in at $2.02 billion and the highest estimate coming in at $2.04 billion. Huntington Ingalls Industries posted sales of $2.00 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.5%. The company is scheduled to report its next quarterly earnings results on Thursday, February 21st.

On average, analysts expect that Huntington Ingalls Industries will report full-year sales of $7.91 billion for the current fiscal year, with estimates ranging from $7.81 billion to $8.02 billion. For the next financial year, analysts forecast that the company will post sales of $8.15 billion, with estimates ranging from $8.01 billion to $8.29 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Huntington Ingalls Industries.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, November 8th. The aerospace company reported $5.29 EPS for the quarter, beating analysts’ consensus estimates of $4.14 by $1.15. Huntington Ingalls Industries had a return on equity of 43.71% and a net margin of 8.63%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the prior year, the firm earned $3.27 EPS. Huntington Ingalls Industries’s quarterly revenue was up 11.8% on a year-over-year basis.

A number of brokerages have weighed in on HII. Seaport Global Securities began coverage on Huntington Ingalls Industries in a research note on Thursday, August 23rd. They set a “neutral” rating and a $260.00 price target on the stock. Goldman Sachs Group lowered Huntington Ingalls Industries from a “neutral” rating to a “sell” rating and set a $208.00 price target on the stock. in a research note on Thursday, October 11th. Buckingham Research began coverage on Huntington Ingalls Industries in a research note on Wednesday, September 12th. They set a “buy” rating and a $297.00 price target on the stock. UBS Group began coverage on Huntington Ingalls Industries in a research note on Wednesday, August 15th. They set a “buy” rating and a $290.00 price target on the stock. Finally, Cowen reissued a “buy” rating and set a $260.00 price target (up previously from $250.00) on shares of Huntington Ingalls Industries in a research note on Friday, August 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. Huntington Ingalls Industries presently has a consensus rating of “Buy” and a consensus price target of $254.38.

In related news, VP Jerri F. Dickseski sold 271 shares of the stock in a transaction on Monday, October 1st. The stock was sold at an average price of $257.84, for a total value of $69,874.64. Following the transaction, the vice president now directly owns 34,750 shares of the company’s stock, valued at approximately $8,959,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.22% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of HII. Piedmont Investment Advisors LLC purchased a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth $110,000. Ayalon Holdings Ltd. purchased a new position in Huntington Ingalls Industries in the third quarter valued at about $110,000. Welch Group LLC purchased a new position in Huntington Ingalls Industries in the third quarter valued at about $110,000. NN Investment Partners Holdings N.V. purchased a new position in Huntington Ingalls Industries in the third quarter valued at about $117,000. Finally, Moneta Group Investment Advisors LLC raised its position in Huntington Ingalls Industries by 1,392.5% in the second quarter. Moneta Group Investment Advisors LLC now owns 597 shares of the aerospace company’s stock valued at $129,000 after purchasing an additional 557 shares during the period. 85.44% of the stock is currently owned by institutional investors and hedge funds.

Shares of Huntington Ingalls Industries stock traded down $4.40 during trading hours on Wednesday, reaching $198.49. 458,543 shares of the company’s stock were exchanged, compared to its average volume of 418,077. Huntington Ingalls Industries has a 52-week low of $194.61 and a 52-week high of $276.69. The firm has a market cap of $8.72 billion, a PE ratio of 16.35 and a beta of 1.08. The company has a quick ratio of 1.03, a current ratio of 1.14 and a debt-to-equity ratio of 0.70.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a $0.86 dividend. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.72. This represents a $3.44 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Thursday, November 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 28.34%.

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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