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

Huntington Ingalls Industries (NYSE:HII - Get Free Report) is projected to release its earnings data before the market opens on Thursday, February 6th. Analysts expect Huntington Ingalls Industries to post earnings of $3.28 per share and revenue of $3.06 billion for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.84 by ($1.28). The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The business's revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.70 EPS. 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 Price Performance

Shares of NYSE HII traded up $1.82 during midday trading on Thursday, reaching $194.71. 297,850 shares of the company were exchanged, compared to its average volume of 442,419. The stock's 50-day moving average price is $194.43 and its 200-day moving average price is $233.13. The stock has a market cap of $7.62 billion, a P/E ratio of 11.04, a PEG 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. Huntington Ingalls Industries has a one year low of $184.29 and a one year high of $299.50.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.77%. Huntington Ingalls Industries's payout ratio is 30.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. The Goldman Sachs Group reduced their price target on Huntington Ingalls Industries from $226.00 to $194.00 and set a "sell" rating on the stock in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered 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 report on Friday, November 1st. TD Cowen lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price objective on the stock. in a research note on Friday, November 1st. StockNews.com lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a report on Friday, November 1st. Finally, Alembic Global Advisors downgraded Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 price target for the company. in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries presently has a consensus rating of "Hold" and a consensus target price of $228.89.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the transaction, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

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.