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

Huntington Ingalls Industries (NYSE:HII) is expected 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. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company posted $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

HII stock opened at $193.10 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. The stock’s fifty day moving average price is $194.43 and its 200-day moving average price is $233.13. The company has a market cap of $7.56 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 1.85 and a beta of 0.56. Huntington Ingalls Industries has a 1 year low of $184.29 and a 1 year high of $299.50.

Analysts Set New Price Targets

HII has been the topic of a number of recent analyst reports. Barclays decreased their price target on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Wolfe Research cut shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Bank of America cut their price target on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft lowered their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research 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 target price on the stock. in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Huntington Ingalls Industries has an average rating of “Hold” and a consensus target price of $228.89.

Insider Buying and Selling

In other news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction on Monday, November 11th. The stock was 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 $4,028,245.48. The trade was a 2.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is owned by company 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.