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

Huntington Ingalls Industries (NYSE:HII - Get Free Report) will release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Huntington Ingalls Industries to post earnings of $3.49 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 earnings results on Thursday, February 1st. The aerospace company reported $6.90 earnings per share for the quarter, beating the consensus estimate of $4.27 by $2.63. Huntington Ingalls Industries had a net margin of 5.95% and a return on equity of 18.12%. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the prior year, the firm posted $3.07 earnings per share. The business's revenue for the quarter was up 13.0% on a year-over-year basis. On average, analysts expect Huntington Ingalls Industries to post $16 EPS for the current fiscal year and $19 EPS for the next fiscal year.

Huntington Ingalls Industries Trading Up 0.1 %

Shares of HII traded up $0.14 during midday trading on Thursday, hitting $275.98. The stock had a trading volume of 307,333 shares, compared to its average volume of 299,761. Huntington Ingalls Industries has a 1 year low of $188.51 and a 1 year high of $299.50. The firm has a market cap of $10.93 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 2.59 and a beta of 0.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.95 and a quick ratio of 0.89. The stock's 50 day moving average is $285.61 and its 200 day moving average is $259.39.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Thursday, February 22nd. Huntington Ingalls Industries's dividend payout ratio is currently 30.41%.

Analyst Ratings Changes

Several brokerages have recently weighed in on HII. Barclays increased their target price on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. upped their price target on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an "overweight" rating in a report on Thursday, March 21st.

Insider Transactions at Huntington Ingalls Industries

In other news, VP Edgar A. Green III sold 3,603 shares of the company's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $290.75, for a total value of $1,047,572.25. Following the transaction, the vice president now directly owns 7,461 shares in the company, valued at $2,169,285.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Huntington Ingalls Industries news, VP Edgar A. Green III sold 3,603 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $290.75, for a total transaction of $1,047,572.25. Following the transaction, the vice president now owns 7,461 shares of the company's stock, valued at approximately $2,169,285.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Nicolas G. Schuck sold 1,293 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $291.28, for a total transaction of $376,625.04. Following the transaction, the chief accounting officer now directly owns 2,250 shares in the company, valued at approximately $655,380. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,472 shares of company stock worth $2,398,345. 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.