$4.07 Earnings Per Share Expected for Huntington Ingalls Industries (HII) This Quarter

Brokerages forecast that Huntington Ingalls Industries (NYSE:HII) will report earnings of $4.07 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Huntington Ingalls Industries’ earnings, with estimates ranging from $4.00 to $4.12. Huntington Ingalls Industries reported earnings of $1.87 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 117.6%. The company is expected to report its next earnings results before the market opens on Thursday, May 3rd.

On average, analysts expect that Huntington Ingalls Industries will report full year earnings of $17.38 per share for the current year, with EPS estimates ranging from $17.30 to $17.50. For the next year, analysts expect that the firm will report earnings of $17.65 per share, with EPS estimates ranging from $17.05 to $18.20. Zacks’ EPS calculations are an average based on a survey of analysts that cover Huntington Ingalls Industries.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.93 by $0.18. Huntington Ingalls Industries had a return on equity of 31.01% and a net margin of 6.44%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the business earned $4.20 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis.



Several analysts have recently issued reports on HII shares. Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $266.00 price objective on the stock in a research report on Thursday, January 11th. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Bank of America set a $335.00 price objective on Huntington Ingalls Industries and gave the company a “buy” rating in a research report on Friday, February 16th. Cowen reiterated a “buy” rating and issued a $275.00 target price on shares of Huntington Ingalls Industries in a research note on Thursday, February 15th. Finally, Stifel Nicolaus reiterated a “sell” rating and issued a $230.00 target price on shares of Huntington Ingalls Industries in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $266.67.

Shares of NYSE:HII opened at $257.21 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.73. Huntington Ingalls Industries has a 52-week low of $183.42 and a 52-week high of $276.69. The firm has a market capitalization of $11,398.88, a PE ratio of 22.21, a P/E/G ratio of 0.98 and a beta of 0.99.

In other Huntington Ingalls Industries news, Director Philip M. Bilden bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was purchased at an average cost of $254.50 per share, for a total transaction of $254,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jennifer R. Boykin sold 2,616 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $267.50, for a total value of $699,780.00. Following the completion of the transaction, the vice president now owns 3,809 shares of the company’s stock, valued at $1,018,907.50. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 6,800 shares of company stock valued at $1,794,184 and sold 12,979 shares valued at $3,381,250. Corporate insiders own 2.22% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake 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 worth $1,114,317,000 after acquiring an additional 112,168 shares during the last quarter. Atlantic Trust Group LLC acquired a new stake in Huntington Ingalls Industries during the third quarter worth about $19,490,000. Gotham Asset Management LLC acquired a new stake in Huntington Ingalls Industries during the fourth quarter worth about $16,158,000. First Trust Advisors LP increased its stake in Huntington Ingalls Industries by 46.5% during the fourth quarter. First Trust Advisors LP now owns 172,644 shares of the aerospace company’s stock worth $40,692,000 after acquiring an additional 54,761 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in Huntington Ingalls Industries by 194.3% during the fourth quarter. Lazard Asset Management LLC now owns 72,907 shares of the aerospace company’s stock worth $17,183,000 after acquiring an additional 48,135 shares during the last quarter. Hedge funds and other institutional investors own 84.15% of the company’s stock.

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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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