Zacks: Analysts Anticipate Huntington Ingalls Industries Inc (NYSE:HII) Will Announce Quarterly Sales of $2.34 Billion

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Analysts forecast that Huntington Ingalls Industries Inc (NYSE:HII) will report $2.34 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Huntington Ingalls Industries’ earnings. The highest sales estimate is $2.36 billion and the lowest is $2.32 billion. Huntington Ingalls Industries reported sales of $2.20 billion during the same quarter last year, which indicates a positive year over year growth rate of 6.4%. The company is expected to issue its next quarterly earnings results on Thursday, February 13th.

According to Zacks, analysts expect that Huntington Ingalls Industries will report full-year sales of $8.83 billion for the current fiscal year, with estimates ranging from $8.81 billion to $8.85 billion. For the next year, analysts expect that the business will report sales of $9.16 billion, with estimates ranging from $9.12 billion to $9.20 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Huntington Ingalls Industries.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, November 7th. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.63 by $0.11. Huntington Ingalls Industries had a return on equity of 38.18% and a net margin of 7.05%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter last year, the firm posted $5.29 EPS. The business’s revenue was up 6.5% on a year-over-year basis.

A number of equities analysts have weighed in on the stock. Cowen restated a “buy” rating on shares of Huntington Ingalls Industries in a research report on Monday. ValuEngine lowered shares of Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $243.57.

NYSE HII traded down $0.18 on Friday, hitting $253.23. The company had a trading volume of 243,688 shares, compared to its average volume of 312,456. The company has a market capitalization of $10.36 billion, a PE ratio of 13.27 and a beta of 1.22. The company’s fifty day moving average price is $239.38 and its 200-day moving average price is $221.59. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.04 and a quick ratio of 0.97. Huntington Ingalls Industries has a 12-month low of $173.80 and a 12-month high of $260.81.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $0.86. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 21.58%.

In other news, VP Jerri F. Dickseski sold 1,874 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now owns 33,888 shares of the company’s stock, valued at $6,947,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Nicolas G. Schuck sold 400 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $250.00, for a total transaction of $100,000.00. Following the completion of the sale, the chief accounting officer now owns 2,240 shares of the company’s stock, valued at $560,000. The disclosure for this sale can be found here. Insiders own 2.65% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Huntington Ingalls Industries by 0.7% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 8,043 shares of the aerospace company’s stock worth $1,808,000 after buying an additional 55 shares during the last quarter. CSat Investment Advisory L.P. grew its holdings in shares of Huntington Ingalls Industries by 34.5% in the second quarter. CSat Investment Advisory L.P. now owns 234 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 60 shares during the period. Commonwealth Bank of Australia grew its holdings in shares of Huntington Ingalls Industries by 1.1% in the second quarter. Commonwealth Bank of Australia now owns 5,647 shares of the aerospace company’s stock valued at $1,265,000 after purchasing an additional 62 shares during the period. Advisor Partners LLC increased its holdings in shares of Huntington Ingalls Industries by 5.1% during the 2nd quarter. Advisor Partners LLC now owns 1,474 shares of the aerospace company’s stock worth $331,000 after buying an additional 71 shares during the last quarter. Finally, Regentatlantic Capital LLC lifted its holdings in Huntington Ingalls Industries by 7.5% in the third quarter. Regentatlantic Capital LLC now owns 1,021 shares of the aerospace company’s stock valued at $216,000 after acquiring an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 87.61% of the company’s stock.

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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