Huntington Ingalls Industries, Inc. (NYSE:HII) is expected to report third quarter earnings results, before market open, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 4.13 per share.
Looking ahead, the full year income are expected at $ 14.45 per share on the revenues of $ 8873.32 million.
Previous Quarter Performance
Huntington Ingalls Industries, Inc. came out with income for the second quarter of $ 1.30 per share, from the revenue of $ 2,027.00 million. The quarterly earnings reduced 57.65 percent while revenues fell 7.36 percent compared with the same quarter last year.
According to street consensus, HII was expected to report 2Q20 income of $ 4.17 per share from revenue of $ 2135.92 million. The bottom line results missed street analysts by $ 2.87 or 68.82 percent, at the same time, top line results fell short of analysts by $ 108.92 million or 5.1 percent.
Stock Performance
Shares of Huntington Ingalls Industries, Inc. traded low $ -6.18 or -3.94 percent on Wednesday, reaching $ 150.72 with volume of 556.20 thousand shares. Huntington Ingalls Industries, Inc. has traded high as $ 158.74 and has cracked $ 150.66 on the downward trend
The closing price of $ 150.72, representing a 15.00 % increase from the 52 week low of $ 136.44 and a 43.91 % decrease over the 52 week high of $ 279.71.
The company has a market capital of $ 6.10 billion and is part of the Industrials sector and Aerospace & Defense industry.
Recent Analyst recommendations
- On 2nd October 2020, maintained by JPMorgan Chase & Co. at Neutral rating, with $ 175.00 target price.
- On 1st October 2020, maintained by Barclays at Equal-Weight rating, with $ 160.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 1.03 per share on August 4, 2020. The dividend were payable on September 11, 2020 to holders of record as of the close of business on August 28, 2020 and ex-dividend date on August 27, 2020.
Conference Call
Huntington Ingalls Industries, Inc. will be hosting a conference call at 9:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.huntingtoningalls.com
Huntington Ingalls Industries, Inc. engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions.
