Huntington Ingalls Industries (HII) Expected to Announce Quarterly Sales of $1.76 Billion

Wall Street brokerages expect Huntington Ingalls Industries (NYSE:HII) to report $1.76 billion in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Huntington Ingalls Industries’ earnings. The lowest sales estimate is $1.75 billion and the highest is $1.78 billion. Huntington Ingalls Industries posted sales of $1.72 billion in the same quarter last year, which suggests a positive year over year growth rate of 2.3%. The firm is scheduled to announce its next quarterly earnings results on Thursday, May 3rd.

On average, analysts expect that Huntington Ingalls Industries will report full year sales of $1.76 billion for the current financial year, with estimates ranging from $7.56 billion to $7.67 billion. For the next year, analysts forecast that the firm will post sales of $7.85 billion per share, with estimates ranging from $7.79 billion to $7.91 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Huntington Ingalls Industries.

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Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, February 15th. The aerospace company reported $3.11 EPS for the quarter, topping analysts’ consensus estimates 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 company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.20 earnings per share.

Several analysts recently issued reports on HII shares. ValuEngine raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Saturday, February 17th. Bank of America set a $335.00 price objective on shares of Huntington Ingalls Industries and gave the company a “buy” rating in a research note on Friday, February 16th. Cowen reaffirmed a “buy” rating and set a $275.00 price objective on shares of Huntington Ingalls Industries in a research note on Thursday, February 15th. Zacks Investment Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $266.00 price objective for the company in a research note on Thursday, January 11th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $271.00 price objective (up previously from $242.00) on shares of Huntington Ingalls Industries in a research note on Tuesday, February 20th. One equities 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. The stock currently has a consensus rating of “Buy” and a consensus target price of $266.67.

In other news, Director Philip M. Bilden purchased 1,000 shares of the company’s stock in a transaction dated Monday, March 5th. The stock was acquired at an average price of $254.50 per share, with a total value of $254,500.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Philip M. Bilden purchased 4,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was purchased at an average cost of $265.14 per share, with a total value of $1,060,560.00. Following the purchase, the director now owns 142 shares in the company, valued at $37,649.88. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 6,800 shares of company stock valued at $1,794,184 and have sold 12,979 shares valued at $3,381,250. 2.32% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of HII. Cerebellum GP LLC purchased a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $100,000. Welch Group LLC purchased a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $101,000. HL Financial Services LLC purchased a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $212,000. CAPROCK Group Inc. purchased a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $218,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $225,000. 84.13% of the stock is owned by institutional investors and hedge funds.

Shares of HII stock traded down $4.35 on Monday, reaching $253.41. 510,934 shares of the company were exchanged, compared to its average volume of 706,265. The stock has a market capitalization of $11,543.98, a P/E ratio of 20.87, a P/E/G ratio of 0.99 and a beta of 0.99. The company has a quick ratio of 1.45, a current ratio of 1.58 and a debt-to-equity ratio of 0.73. Huntington Ingalls Industries has a 1 year low of $183.42 and a 1 year high of $276.69.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were paid a dividend of $0.72 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.88 annualized dividend and a yield of 1.14%. Huntington Ingalls Industries’s dividend payout ratio is presently 23.72%.

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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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