Huntington Ingalls Industries (HII) Expected to Announce Quarterly Earnings on Thursday

Huntington Ingalls Industries (NYSE:HII) is expected to be announcing its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $3.28 per share and revenue of $3.06 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The company’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.70 earnings per share. On average, analysts expect Huntington Ingalls Industries to post $14 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $193.10 on Thursday. The firm has a market cap of $7.56 billion, a PE ratio of 10.90, a P/E/G ratio of 1.85 and a beta of 0.56. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. The company’s fifty day simple moving average is $194.43 and its 200-day simple moving average is $233.13. Huntington Ingalls Industries has a 12 month low of $184.29 and a 12 month high of $299.50.

Wall Street Analyst Weigh In

A number of research firms recently commented on HII. Barclays reduced their price target on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Vertical Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target on the stock. in a report on Thursday, October 10th. StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Finally, The Goldman Sachs Group cut their price target on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $228.89.

Insider Activity

In related news, VP D R. Wyatt sold 400 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the sale, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. The trade was a 2.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.72% of the company’s stock.

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.