Huntington Ingalls Industries (HII) to Release Quarterly Earnings on Thursday

Huntington Ingalls Industries (NYSE:HII) will announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $3.49 per share for the quarter. Huntington Ingalls Industries has set its FY 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, February 1st. The aerospace company reported $6.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $2.63. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same period last year, the firm earned $3.07 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, analysts expect Huntington Ingalls Industries to post $16 EPS for the current fiscal year and $19 EPS for the next fiscal year.

Huntington Ingalls Industries Stock Down 0.6 %

Shares of NYSE:HII opened at $276.93 on Wednesday. The stock’s 50-day moving average price is $285.32 and its 200-day moving average price is $260.76. Huntington Ingalls Industries has a 12-month low of $188.51 and a 12-month high of $299.50. The stock has a market capitalization of $10.97 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 2.61 and a beta of 0.60. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a dividend of $1.30 per share. The ex-dividend date was Thursday, February 22nd. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.88%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 30.41%.

Insider Buying and Selling

In related news, CAO Nicolas G. Schuck sold 1,293 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the sale, the chief accounting officer now directly owns 2,250 shares of the company’s stock, valued at $655,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Nicolas G. Schuck sold 1,293 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the sale, the chief accounting officer now directly owns 2,250 shares of the company’s stock, valued at $655,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP D R. Wyatt sold 900 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $263.69, for a total value of $237,321.00. Following the completion of the sale, the vice president now directly owns 19,100 shares in the company, valued at $5,036,479. The disclosure for this sale can be found here. Insiders have sold 8,472 shares of company stock valued at $2,398,345 over the last ninety days. 0.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on HII shares. Barclays raised their price objective on Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. raised their price objective on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.