Huntington Ingalls Industries (HII) Scheduled to Post Quarterly Earnings on Thursday

Huntington Ingalls Industries (NYSE:HII - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Thursday, October 31st. Analysts expect Huntington Ingalls Industries to post earnings of $3.90 per share for the quarter. Huntington Ingalls Industries has set its FY 2024 guidance at EPS.Persons that wish to listen to the company's earnings conference call can do so using this link.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, beating analysts' consensus estimates of $3.61 by $0.77. The firm had revenue of $2.98 billion during the quarter, compared to analysts' expectations of $2.84 billion. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The business's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.27 earnings per share. On average, analysts expect Huntington Ingalls Industries to post $17 EPS for the current fiscal year and $19 EPS for the next fiscal year.

Huntington Ingalls Industries Stock Down 0.5 %

Shares of HII stock traded down $1.30 during trading on Thursday, reaching $254.70. The company's stock had a trading volume of 172,079 shares, compared to its average volume of 304,229. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.82 and a quick ratio of 0.76. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 2.25 and a beta of 0.52. The stock's 50-day moving average price is $265.86 and its 200 day moving average price is $260.92. Huntington Ingalls Industries has a 1-year low of $213.02 and a 1-year high of $299.50.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Friday, August 30th. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 29.31%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HII. Wolfe Research cut shares of Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 10th. StockNews.com downgraded shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research note on Wednesday. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and lifted their price target for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. Finally, Vertical Research downgraded shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $275.00 price target for the company. in a research note on Thursday, October 10th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $290.00.

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.