$1.90 Billion in Sales Expected for Huntington Ingalls Industries Inc (HII) This Quarter

Analysts expect Huntington Ingalls Industries Inc (NYSE:HII) to post $1.90 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Huntington Ingalls Industries’ earnings. The highest sales estimate is $1.94 billion and the lowest is $1.87 billion. Huntington Ingalls Industries reported sales of $1.86 billion in the same quarter last year, which would suggest a positive year over year growth rate of 2.2%. The company is expected to announce its next quarterly earnings results on Thursday, August 2nd.

According to Zacks, analysts expect that Huntington Ingalls Industries will report full-year sales of $7.67 billion for the current year, with estimates ranging from $7.66 billion to $7.68 billion. For the next financial year, analysts anticipate that the business will post sales of $7.91 billion per share, with estimates ranging from $7.90 billion to $7.92 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Huntington Ingalls Industries.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, May 3rd. The aerospace company reported $3.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.07 by ($0.59). Huntington Ingalls Industries had a return on equity of 34.69% and a net margin of 6.80%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the prior year, the firm earned $2.56 EPS. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year.



HII has been the subject of several recent analyst reports. Sanford C. Bernstein restated a “market perform” rating and issued a $271.00 price target (up previously from $242.00) on shares of Huntington Ingalls Industries in a research note on Tuesday, February 20th. Barclays initiated coverage on Huntington Ingalls Industries in a research note on Thursday, March 29th. They issued an “overweight” rating and a $309.00 price target for the company. Credit Suisse Group decreased their price target on Huntington Ingalls Industries from $335.00 to $328.00 and set an “outperform” rating for the company in a research note on Monday, April 16th. Zacks Investment Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, April 24th. Finally, Wells Fargo & Co upgraded Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating in a research note on Friday, May 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $265.33.

Huntington Ingalls Industries opened at $214.53 on Wednesday, Marketbeat.com reports. Huntington Ingalls Industries has a 1-year low of $183.42 and a 1-year high of $276.69. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.51 and a quick ratio of 1.38. The firm has a market capitalization of $9.81 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 0.91 and a beta of 0.97.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 8th. Investors of record on Friday, May 25th were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Thursday, May 24th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 23.72%.

In other news, Director Stephen R. Wilson acquired 460 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, May 7th. The stock was bought at an average price of $216.46 per share, for a total transaction of $99,571.60. Following the completion of the transaction, the director now owns 460 shares in the company, valued at $99,571.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Edgar A. Green III acquired 1,000 shares of Huntington Ingalls Industries stock in a transaction that occurred on Friday, May 11th. The shares were purchased at an average price of $220.98 per share, with a total value of $220,980.00. Following the transaction, the vice president now owns 6,565 shares of the company’s stock, valued at approximately $1,450,733.70. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 2,460 shares of company stock valued at $535,902. 2.32% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Huntington Ingalls Industries by 2.4% during the fourth quarter. BlackRock Inc. now owns 4,727,701 shares of the aerospace company’s stock valued at $1,114,317,000 after acquiring an additional 112,168 shares during the last quarter. Wells Fargo & Company MN increased its position in Huntington Ingalls Industries by 4.6% during the first quarter. Wells Fargo & Company MN now owns 727,735 shares of the aerospace company’s stock valued at $187,580,000 after acquiring an additional 31,975 shares during the last quarter. Boston Partners increased its position in Huntington Ingalls Industries by 6.7% during the first quarter. Boston Partners now owns 575,123 shares of the aerospace company’s stock valued at $148,244,000 after acquiring an additional 36,203 shares during the last quarter. Northern Trust Corp increased its position in Huntington Ingalls Industries by 11.4% during the first quarter. Northern Trust Corp now owns 550,536 shares of the aerospace company’s stock valued at $141,906,000 after acquiring an additional 56,232 shares during the last quarter. Finally, Millennium Management LLC increased its position in Huntington Ingalls Industries by 537.7% during the first quarter. Millennium Management LLC now owns 354,169 shares of the aerospace company’s stock valued at $91,291,000 after acquiring an additional 298,629 shares during the last quarter. Institutional investors own 86.63% 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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