Equities analysts forecast that Huntington Ingalls Industries Inc (NYSE:HII) will announce $3.63 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Huntington Ingalls Industries’ earnings. The lowest EPS estimate is $3.35 and the highest is $3.81. Huntington Ingalls Industries posted earnings per share of $5.29 in the same quarter last year, which indicates a negative year-over-year growth rate of 31.4%. The company is expected to announce its next earnings report before the market opens on Thursday, November 7th.
On average, analysts expect that Huntington Ingalls Industries will report full year earnings of $13.95 per share for the current year, with EPS estimates ranging from $13.30 to $14.30. For the next fiscal year, analysts expect that the firm will report earnings of $16.26 per share, with EPS estimates ranging from $14.15 to $18.09. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Huntington Ingalls Industries.
Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, August 1st. The aerospace company reported $3.07 EPS for the quarter, missing the Zacks’ consensus estimate of $3.56 by ($0.49). The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.13 billion. Huntington Ingalls Industries had a net margin of 8.04% and a return on equity of 42.07%. Huntington Ingalls Industries’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.40 EPS.
A number of equities analysts recently weighed in on HII shares. Buckingham Research reduced their target price on shares of Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. ValuEngine raised shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a research note on Monday, August 5th. Finally, Bank of America reduced their target price on shares of Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Huntington Ingalls Industries has a consensus rating of “Buy” and a consensus target price of $243.67.
In other news, VP Jerri F. Dickseski sold 1,874 shares of the stock in a transaction dated 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 transaction, the vice president now directly owns 33,888 shares in the company, valued at approximately $6,947,040. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.65% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Zions Bancorporation N.A. boosted its stake in shares of Huntington Ingalls Industries by 1,260.0% during the 2nd quarter. Zions Bancorporation N.A. now owns 136 shares of the aerospace company’s stock worth $31,000 after buying an additional 126 shares during the last quarter. Doyle Wealth Management acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth about $38,000. HM Payson & Co. acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth about $42,000. CSat Investment Advisory L.P. boosted its stake in shares of Huntington Ingalls Industries by 34.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 234 shares of the aerospace company’s stock worth $53,000 after buying an additional 60 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth about $64,000. Institutional investors own 86.88% of the company’s stock.
NYSE HII traded down $1.65 on Friday, reaching $210.10. The company had a trading volume of 151,432 shares, compared to its average volume of 232,213. The firm has a market capitalization of $8.80 billion, a price-to-earnings ratio of 11.01 and a beta of 1.18. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.05 and a current ratio of 1.12. Huntington Ingalls Industries has a 1-year low of $173.80 and a 1-year high of $242.05. The company’s fifty day moving average is $212.05 and its 200-day moving average is $215.35.
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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