Brokerages Expect Huntington Ingalls Industries Inc (HII) to Post $4.07 EPS

Analysts predict that Huntington Ingalls Industries Inc (NYSE:HII) will report earnings of $4.07 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Huntington Ingalls Industries’ earnings, with the lowest EPS estimate coming in at $4.00 and the highest estimate coming in at $4.12. Huntington Ingalls Industries reported earnings of $1.87 per share during the same quarter last year, which suggests a positive year over year growth rate of 117.6%. The firm is scheduled to report its next earnings report 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 fiscal year, with EPS estimates ranging from $17.30 to $17.50. For the next financial year, analysts forecast that the business will post earnings of $17.65 per share, with EPS estimates ranging from $17.05 to $18.20. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Huntington Ingalls Industries.

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Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.11 EPS for the quarter, topping the consensus estimate of $2.93 by $0.18. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Huntington Ingalls Industries had a net margin of 6.44% and a return on equity of 31.01%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $4.20 earnings per share.

Several analysts recently commented on the stock. Sanford C. Bernstein restated a “market perform” rating and set a $271.00 price target (up from $242.00) on shares of Huntington Ingalls Industries in a report on Tuesday, February 20th. ValuEngine upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Saturday, February 17th. 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. Bank of America set a $335.00 target price on shares of Huntington Ingalls Industries and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, Credit Suisse Group upgraded shares of Huntington Ingalls Industries from a “neutral” rating to an “outperform” rating and set a $241.00 target price for the company in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $261.38.

In other Huntington Ingalls Industries news, VP William R. Ermatinger sold 1,689 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $259.34, for a total value of $438,025.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Edgar A. Green III sold 2,959 shares of Huntington Ingalls Industries stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $258.95, for a total transaction of $766,233.05. Following the completion of the sale, the vice president now owns 5,562 shares of the company’s stock, valued at $1,440,279.90. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 6,800 shares of company stock valued at $1,794,184 and sold 12,979 shares valued at $3,381,250. 2.22% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Cerebellum GP LLC bought a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $100,000. Welch Group LLC bought a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $101,000. HL Financial Services LLC bought a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $212,000. CAPROCK Group Inc. bought a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $218,000. Finally, Quadrature Capital Ltd bought a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $225,000. 84.13% of the stock is currently owned by institutional investors.

Shares of HII stock opened at $253.98 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.73. The company has a market cap of $11,450.38, a P/E ratio of 24.30, a P/E/G ratio of 0.98 and a beta of 1.01. Huntington Ingalls Industries has a fifty-two week low of $183.42 and a fifty-two week high of $276.69.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, February 22nd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 27.56%.

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About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

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