Home Top Movers Huntington Ingalls (HII) Stock Is Rallying Premarket Today For What Reason?

Huntington Ingalls (HII) Stock Is Rallying Premarket Today For What Reason?

Huntington Ingalls Industries, Inc. (HII) has been seeing its share price rising 4.37% to $175.00 in premarket trading today. The largest military shipbuilding company of the United States, this morning announced its Q4 and full-year 2020 results.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.  

What the company do?


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Being America’s largest shipbuilder, Huntington Ingalls Industries provides likewise services to partners in government and industry. A combined team of America’s greatest naval shipbuilders with its Newport News and Ingalls divisions in Virginia and Mississippi has built more ships in more classes than any other American marine shipbuilder in more than a century. With Nuclear and Environmental services and services that support national security missions across the globe, HII’s Technical Solutions division supports national security missions worldwide.

How did the new results come about?

Based on its latest quarterly data, HII reported revenues of over $2.8 billion in the fourth quarter of 2020, up 14.3 percent from the year-ago quarter. The quarter ended in $305 million in net revenue and an 11.1 percent operating margin, compared to $186 million and 7.7 percent in the fourth quarter of the previous year. For the quarter, adjusted earnings per share were $6.15, compared to $3.61 in the same period last year.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.  

On an annualized basis, revenues of $9.4 billion increased 5.2% over the previous year. In 2020, the company generated $799 million in operating income, while operating margin remained 8.5%, compared to $736 million and 8.3%, respectively, in 2019. After adjustments, earnings per share for the full year were $17.14 compared to $13.26 in the previous year. Based on 2020 financials, free cash flow was $757 million, and cash from operations amounted to $1.1 billion, compared with $460 million and $896 million, respectively, in 2019. As of Dec. 31, 2020, there was approximately $46.0 billion in backlog as a result of new contracts worth $3.5 billion.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Why Is The OPTT Stock Rising Today?

The shares of leading innovative and cost-effective ocean energy solutions provider Ocean Power Technologies Inc. (OPTT) have been trading up 3.54% in early trades...

IHT Stock Has Been Growing During Premarket Session. What Has Driven That Upward Trend?

At the premarket today, shares of InnSuites Hospitality Trust (NYSE: IHT) rose 10.43% to $2.33. The InnSuites stock gained 3.43% last trading day to finish...

In Premarket Session, Why Is SEAC Stock Rising?

Shares of SeaChange International Inc. (NASDAQ: SEAC) are trading up 11.65% to $1.15 in premarket. SEAC stock gained 1.98% to end Wednesday trading session...

Here is why Qualtrics International Inc (XM) stock surged in the after-hours on Wednesday?

Qualtrics International Inc (XM) stock started the Wednesday, April 21, 2021, in a negative mode and lost 0.059% in normal trading session but in...

ZLAB Stock Is On An Upswing Today. Why?

Today's premarket session has seen shares of Zai Lab Limited (NASDAQ:ZLAB) up 6.12% at $160.00. Last trading session, Zai Lab plunged -8.15% to finish...

IHT Stock Has Been Growing During Premarket Session. What Has Driven That Upward Trend?

At the premarket today, shares of InnSuites Hospitality Trust (NYSE: IHT) rose 10.43% to $2.33. The InnSuites stock gained 3.43% last trading day to finish...

Is There Any Reason Why ACTC Stock Is Rising Before The Market Opens Today?

ArcLight Clean Transition Corp. (NASDAQ: ACTC) shares are trading up 7.12% at $17.90 in premarket trade this morning. ArcLight stock gained 15.64% during the...

BNGO Stock Is On An Upswing Today, Why?

The premarket trading price for Bionano Genomics Inc. (NASDAQ: BNGO) was up 5.75% at $6.25. A share of Bionano stock closed at $5.91 last...

Related News

Is There Any Reason Why ACTC Stock Is Rising Before The Market Opens Today?

ArcLight Clean Transition Corp. (NASDAQ: ACTC) shares are trading up 7.12% at $17.90 in premarket trade this morning. ArcLight stock gained 15.64% during the...

BNGO Stock Is On An Upswing Today, Why?

The premarket trading price for Bionano Genomics Inc. (NASDAQ: BNGO) was up 5.75% at $6.25. A share of Bionano stock closed at $5.91 last...

Is This The Reason Behind The SCKT Stock Price Rising After-Hours?

During after-market trading, Socket Mobile Inc. (NASDAQ: SCKT) shares were up 9.99%, trading at $7.6. Socket stock appreciated by 6.31% to close Wednesday's session...

Why Evolus Inc (EOLS) stock turnaround on Wednesday, April 21, 2021?

Evolus Inc (EOLS) stock was performing well on Wednesday. It gained 11.09% in the normal trading session and closed at $11.72 per share. but...

Why Is WBT Stock Rocketing Today?

On the last check this morning, Welbilt Inc (NYSE: WBT) shares rose 21.63% to $19.01 in premarket trading. A price range between $15.1723 and...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.