$2.12 Billion in Sales Expected for Huntington Ingalls Industries Inc (HII) This Quarter

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Equities research analysts expect that Huntington Ingalls Industries Inc (NYSE:HII) will announce sales of $2.12 billion for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Huntington Ingalls Industries’ earnings, with estimates ranging from $2.08 billion to $2.19 billion. Huntington Ingalls Industries reported sales of $2.02 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 5%. The firm is expected to issue its next quarterly earnings results on Thursday, August 1st.

On average, analysts expect that Huntington Ingalls Industries will report full year sales of $8.66 billion for the current fiscal year, with estimates ranging from $8.55 billion to $8.81 billion. For the next fiscal year, analysts expect that the business will post sales of $8.87 billion, with estimates ranging from $8.63 billion to $9.10 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Huntington Ingalls Industries.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $2.85 earnings per share for the quarter, missing analysts’ consensus estimates of $3.27 by ($0.42). The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.95 billion. Huntington Ingalls Industries had a return on equity of 48.34% and a net margin of 9.52%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.48 earnings per share.

HII has been the topic of several recent analyst reports. Barclays lowered shares of Huntington Ingalls Industries from an “overweight” rating to an “underweight” rating and decreased their target price for the company from $245.00 to $215.00 in a report on Wednesday, January 23rd. ValuEngine upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a report on Monday, March 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $251.69.

HII traded down $1.73 on Wednesday, reaching $207.00. 218,682 shares of the company’s stock were exchanged, compared to its average volume of 311,292. The firm has a market capitalization of $8.67 billion, a PE ratio of 10.84 and a beta of 1.15. Huntington Ingalls Industries has a twelve month low of $173.80 and a twelve month high of $262.32. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.07.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 24th will be issued a $0.86 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $3.44 annualized dividend and a yield of 1.66%. Huntington Ingalls Industries’s payout ratio is 18.02%.

In other news, VP Jerri F. Dickseski sold 542 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $225.00, for a total value of $121,950.00. Following the sale, the vice president now directly owns 35,907 shares of the company’s stock, valued at approximately $8,079,075. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas B. Fargo sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $220.57, for a total transaction of $154,399.00. Following the completion of the sale, the director now directly owns 648 shares in the company, valued at $142,929.36. The disclosure for this sale can be found here. Insiders sold a total of 12,951 shares of company stock worth $2,705,117 over the last quarter. 2.65% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in HII. Legal & General Group Plc raised its stake in shares of Huntington Ingalls Industries by 6.7% in the 3rd quarter. Legal & General Group Plc now owns 224,493 shares of the aerospace company’s stock valued at $57,482,000 after acquiring an additional 14,150 shares during the period. Vanguard Group Inc raised its stake in shares of Huntington Ingalls Industries by 0.4% in the 3rd quarter. Vanguard Group Inc now owns 4,988,200 shares of the aerospace company’s stock valued at $1,277,378,000 after acquiring an additional 19,861 shares during the period. Sit Investment Associates Inc. raised its stake in shares of Huntington Ingalls Industries by 11.5% in the 4th quarter. Sit Investment Associates Inc. now owns 1,115 shares of the aerospace company’s stock valued at $212,000 after acquiring an additional 115 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of Huntington Ingalls Industries by 2.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,662 shares of the aerospace company’s stock valued at $887,000 after acquiring an additional 125 shares during the period. Finally, Ferguson Wellman Capital Management Inc. raised its stake in shares of Huntington Ingalls Industries by 36.2% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 1,103 shares of the aerospace company’s stock valued at $210,000 after acquiring an additional 293 shares during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

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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